Elon Musk is pivoting Tesla
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This merger would bring the Grok chatbot, Starlink satellites, and SpaceX rockets together under one corporation.
In the final moments of Tesla's earnings call, Elon Musk urged companies to stop ignoring geopolitical risks by relying on foreign battery production.
Elon Musk said Tesla Inc. needs to build and operate what he is calling a “TeraFab” to manufacture semiconductors, a massive undertaking that will cost billions of dollars and mark another expansion beyond what had been the company’s core electric vehicle business.
Elon Musk’s SpaceX is considering a potential merger with Tesla as well as an alternative combination with artificial-intelligence company xAI, Bloomberg News reported Thursday, citing people familiar with the matter.
Hiking subscriptions, making robots, and selling fewer cars? Tesla is acting like a tech company in more ways than one.
In Tesla's annual financial filing, the company said that last year it sold $430 million worth of its energy storage products to xAI, Elon Musk's AI startup.
Jan 28 (Reuters) - Tesla said on Wednesday it will invest $2 billion in CEO Elon Musk's artificial intelligence company xAI - and that production plans for its Cybercab robotaxi and Semi trucks were on track for this year.
Tesla stock jumped more than 3% after Elon Musk's electric-vehicle company reported fourth-quarter earnings that narrowly beat Wall Street's expectations. The company reported revenue of $24.9 billion for the three-month period ended on Dec.