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Elon Musk Seeks Shareholder Vote on Tesla Investing in xAI
ByAinvest
Tuesday, Jul 15, 2025 4:16 pm ET1min read
Tesla CEO Elon Musk is calling for shareholders to vote on investing in his AI startup xAI. The earliest vote would be at the company's annual meeting in November. SpaceX reportedly contributed $2 billion to xAI's $10 billion fundraising round. Musk has been eyeing a Tesla investment in xAI for some time and believes the company should have invested in the startup "long ago."
Tesla CEO Elon Musk has announced that the company will hold a shareholder vote on whether to invest in his artificial intelligence startup xAI. The earliest vote will take place at Tesla's annual meeting on November 6, 2025. Musk has been vocal about his desire for Tesla to invest in xAI, stating that the company should have done so "long ago."In a post on his social media platform X, Musk expressed his enthusiasm for the potential investment, saying, "If it was up to me, Tesla would have invested in xAI long ago." He also noted that the matter will be put to a shareholder vote [1].
SpaceX has reportedly contributed $2 billion to xAI's $10 billion fundraising round, marking a significant investment from Musk's space company [2]. This investment is part of a broader strategy by Musk to integrate AI and robotics across his various business enterprises, including Tesla and SpaceX. The investment aligns xAI with SpaceX's Starlink satellite internet service and Tesla's Optimus robot [3].
Despite the potential benefits, there are concerns about the financial risk for SpaceX and the concentration of power across Musk's empire. SpaceX is already investing heavily in its next-generation Starship rocket, which has faced technical delays and test flight failures. Balancing heavy R&D costs with funding for outside ventures may stretch SpaceX's finances [3].
Tesla shares rose slightly on Monday after Musk's posts about the potential investment in xAI. However, the stock remains down more than 16% from the start of the year, reflecting broader concerns about Musk's leadership and the company's priorities [1].
References:
[1] https://www.cnn.com/2025/07/14/tech/tesla-musk-shareholder-vote-xai
[2] https://www.foxbusiness.com/technology/elon-musks-spacex-invest-2-billion-his-xai-startup-report
[3] https://www.ainvest.com/news/elon-musk-moves-2-billion-spacex-ai-startup-xai-chatgpt-competition-2507/
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