The billionaire entrepreneur said Tesla shareholders would vote on investing in xAI as he seeks to tap his own companies to help fund his artificial-intelligence startup.

Musk said "Tesla would have invested in xAI long ago" if it was up to him.

As Elon Musk contemplates the relationship between several of his companies, he said on social media that Tesla shareholders will vote on whether to invest in xAI.

Cathie Wood and Ark Invest scooped up nearly 60,000 shares of TeslaTSLA in Friday's stock market as CEO Elon Musk seeks further cooperation between his businesses with SpaceX and potentially Tesla investing in his artificial intelligence company,

Tesla Inc. plans to poll shareholders on whether to invest in xAI, Elon Musk said after the Wall Street Journal reported SpaceX was prepared to funnel $2 billion into the Grok chatbot developer.

The money behind Elon Musk’s trillion-dollar empire is increasingly flowing in one direction: toward artificial intelligence.

Elon Musk said on Monday he does not support a merger between his electric vehicle maker Tesla and his artificial intelligence startup xAI, which owns the Grok chatbot and competes with the likes of OpenAI's ChatGPT.

Tesla stock rose Monday morning after CEO Elon Musk said Tesla should be able to invest in his xAI startup pending a shareholder vote. This would be another instance of the “Muskonomy” at play, where Musk’s companies become more financially intertwined,

Elon Musk’s AI company, xAI, has apologised after its chatbot Grok made headlines for generating offensive outputs. All you need to know