Tesla Shareholders To Vote On Musk’s Plan To Invest In His Private AI Firm xAI

Tesla shareholders will vote on whether the company should invest in Elon Musk’s private AI firm, xAI, according to Electrek. The move comes after Musk arranged a $2 billion investment in xAI from SpaceX. The proposed deal signals Musk’s intent to formalize collaboration among Tesla, xAI, and X, now owned by xAI following a March stock-swap acquisition. Musk has repeatedly moved talent from Tesla to his private company, xAI, treating Tesla as a feeder for his other ventures. He has long hinted at using Tesla funds to support xAI and made it official by announcing a shareholder vote on the investment. The investment will go to a shareholder vote at Tesla’s rescheduled annual meeting in November. The deal structure remains unclear, but Musk has expressed interest in increasing his stake in Tesla.