Musk hints Tesla shareholders may decide on xAI investment

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

Responding to a post on X, Musk said the decision to support the startup wasn’t his alone to make. Last year, Musk publicly floated the idea of Tesla (NASDAQ:TSLA) investing $5 billion in xAI, saying he was merely testing the waters.

At the time, he clarified that any such move would require approval from Tesla’s board and key investors.

Earlier this year, Musk merged xAI with X (formerly Twitter), creating a combined entity that marries a social media platform with an AI research lab. That move, which expanded the distribution potential for xAI’s Grok chatbot, valued the new company at $113 billion.

Looking ahead, Musk has said he wants to integrate Grok into Tesla’s (NASDAQ:TSLA) humanoid robots, known as Optimus, further expanding xAI’s reach within his corporate empire.