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Musk suggests Tesla shareholders will vote on xAI investment

  • Elon Musk announced plans to have Tesla shareholders vote on investing in xAI, following reports of SpaceX considering a $2 billion investment in the Grok chatbot developer.
  • Musk stated that the decision to invest in xAI is not solely up to him and will require approval from Tesla's board and backers.
  • The potential investment comes as XAI Holdings, a combined entity involving xAI and X, aims to raise funds at a valuation of up to $200 billion, indicating Musk's effort to integrate different parts of his corporate empire.
  • Tesla had previous business dealings with xAI, with the startup spending $198.3 million on agreements with Tesla, including purchasing Megapack energy storage batteries.

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