Elon Musk wants Tesla to help him unify control of his sprawling commercial empire by allowing his company, which is rich in criticism, to invest in the latest startup, Xai.
The company is spent behind the Grok billions of dollars in an attempt to challenge Openai and Chatgpt to lead in the race to develop artificial general intelligence. Last week, Musk revealed the fourth generation of Grok Chatbot, which is currently offering to Tesla compounds, just one day after setting a date for the annual meeting that has been delayed long ago.
“If it was up to me, Tesla would have invested in Xai a long time ago,” MUSK was published on Sunday evening. “We will have a vote for shareholders in this regard.”
The next opportunity will be in November, when Tesla is finally scheduled to hold its annual meeting. While Tesla did not respond to luck Request more comment, speculation about Tesla Investing in XAI is not a surprise.
According to what was reported, Spacex invests two billion dollars in Xai
For beginners, and Wall Street Journal I mentioned On Saturday, the private sector spacex poured $ 2 billion on XAI despite the limited logical basis of business (MUSK implicitly certain The story). According to its sources, GROK is only used in some customer support features for Starlink service from Spacex Satellite BroadBand.
Moreover, Musk explained, he was looking to invest Tesla in Xai for some time. About four weeks after the previous annual general meeting in Tesla in June 2024, Musk conducted a social media poll in this sense.
Tesla must invest $ 5 billion in xiAssuming that the evaluation is determined by many reliable external investors?
(The approval of the Board of Directors and the vote of shareholders is needed, so this is only for water test) – Elusk (@elonmusk) July 24, 2024
In it, X -users – only a small part of them asked the Tesla investors – whether the auto company should invest $ 5 billion “assuming that the evaluation is determined by many reliable external investors.” When two thirds of nearly a million responses were in favor, Musk promised to discuss the issue with the council.
Since then, however, there have been a few new developments.
Xai earns $ 5 billion in new capital – by selling debt
This may be because using money that belongs to Tesla shareholders to buy a stake in Musk’s Xai is not simple from the perspective of governance. Even with a clear use such as GROK integration in Tesla EVS, there is conflict of interests.
For example, investment will indirectly offer investors to X, which was obtained by Xai last year in a deal from all shares that the company previously known as Twitter is estimated at $ 33 billion in stocks and debts. With the presence of X again and again on the whiff of bankruptcy, the treatment had the marks of rescue, because Twitter was worth less than $ 11 billion than it was when he bought Musk.
according to BloombergAnnexing competitors like Openai and Anthropor in the AGI race was not cheap for Xai. It is expected that the startup, which was established two years ago, will burn about 13 billion dollars in cash this year. Musk appeared to Rejection When it was published last month, he claims that “Bloomberg speaks nonsense”, although he did not specify exactly incorrect.
Update about where he has Grok It was and what happened on July 8.
First, we severely apologize for the horrific behavior that many have suffered.
Our intention to Grok It is to provide useful and honest responses to users. After careful investigation, we discovered the root cause … – GROK (@Grok) July 12, 2025
Just two weeks later, Xai raised $ 10 billion in new capital With help For Morgan Stanley (Ward that Spacex investment was part of it). To some extent for the start of the operation of high -growth technology, half of that came from the debt market where investors hang clear chains on the loan in terms of payment of the balance in addition to interest.
The screaming of anti -Semitic Grook demands an apology for “the horrific behavior”
Also, everything with Grok went smoothly. Musk’s Ai Chatbot went from bars last week, as he published many anti -Semitic conspiracy theories on X while proudly announced that herself was a mechanical version of Nazi leader Adolf Hitler.
Just one day after the most recent reputation scandal, a platform relied on the advertisement, the CEO of X Linda Yaccarino resigned from its publication. On Saturday, Xai was forced to request forgiveness.
“We deeply apologize for the horrific behavior that many have suffered,” the official Grok account on X. to publish At the end of this week.
The last time Tesla invested in another company, I returned Musk as its largest shareholder, it was widely criticized 2016 deal To buy Solarcity for $ 2.6 billion. Investors stabbed the deal as a rescue, as musk prevailed in the end Two years ago In a case that moved to the Supreme Court of Dilayer.
However, artificial intelligence is a valuable proposal for shareholders completely different from solar energy roofing, and a number of investors have argued in favor of purchasing an property rights share.
“We believe that Tesla is a major investment in Xai is a basic step forward.” books on monday.
The post Elon Musk promises Tesla shareholders a vote over buying equity in his Grok startup—‘if it was up to me, Tesla would have invested in xAI long ago’ first appeared on Investorempires.com.
