Musk says he doesn’t support merger between Tesla and xAI

Elon Musk said he does not support merging xAI with Tesla (NASDAQ:TSLA), responding to a user’s question in a post on X on Monday.

A day earlier, Musk had said he plans to ask Tesla shareholders to vote on whether the electric vehicle maker should invest in xAI.

Last year, Musk had publicly floated the idea of Tesla investing $5 billion in xAI, saying he was merely testing the waters. He later clarified that any such investment would need approval from Tesla’s board and major shareholders.

Earlier this year, Musk merged xAI with X (formerly Twitter), forming a combined entity that brought together a social media platform and an AI research lab. The move, which expanded the reach of xAI’s Grok chatbot, valued the newly formed company at $113 billion.