Tesla CEO Elon Musk announced over the weekend that shareholders of his EV maker Tesla will vote on whether to invest in his own artificial intelligence firm xAI.

In other words, the mercurial billionaire is orchestrating a potentially massive shift in funds to prop up his cash-burning — and gas-burning — AI startup, the flagship product of which is the troubled chatbot Grok.

In March, Musk merged xAI with his social media platform X, which had previously seen an advertiser exodus triggered by his embrace of far-right extremism and disregard for…


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Last Update: July 14, 2025