Tesla (TSLA.US) rose more than 3% as electric vehicle stocks climbed.

On Thursday, shares of Tesla rose, with Tesla (TSLA.US) up more than 3% at the time of writing, Li Auto (LI.US) up 1.8%, NIO (NIO.US) up more than 1.5%, and XPeng (XPEV.US) up more than 2%. Elon Musk recently proposed a bold move to Tesla shareholders: Should Tesla invest $5 billion in his new AI startup. The proposal has sparked a wide-ranging discussion in the Tesla community, with more than two-thirds of respondents voting in favor.

The proposal comes after Tesla reported its fourth consecutive quarter of disappointing profits. During the earnings call, Musk was asked whether Tesla would invest in AI or integrate its chatbot GPT into Tesla’s software. Musk responded that “Tesla has learned a lot from AI,” and added that AI has played a critical role in advancing full self-driving technology. He made it clear that he personally supports Tesla’s investment in AI if shareholders approve.