Tesla to Vote on xAI Investment, EU Takes on Google, Qualcomm Eyes Intel

Tesla shareholders will vote in November on investing in AI developer xAI, which is majority owned by Tesla CEO Elon Musk. The EU is reportedly planning to introduce new antitrust rules aimed at regulating large tech companies like Google. Qualcomm has reportedly acquired Intel's Network Platforms division for $1.4 billion.

Tesla shareholders will soon vote on whether the electric vehicle maker should invest in Elon Musk's AI startup, xAI. The vote is scheduled for November 6 at 3 pm central time at Tesla's Gigafactory Texas [1][2].

The proposal, submitted by Florida shareholder Stephen Hawk, aims to strengthen Tesla's AI ambitions by investing in xAI. Hawk argues that a strategic investment in xAI would secure access to advanced AI capabilities, enhance product innovation, and drive shareholder value. The board of Tesla is neutral on this proposal, suggesting investors vote based on their own judgment [1].

If Tesla does invest in xAI, it would be the second of Musk's companies to do so. SpaceX, Musk's aerospace company, has already committed to investing $2 billion in xAI as part of a $5 billion equity raise. The company has also merged X, formerly known as Twitter, with xAI earlier this year [1].

Tesla's shareholder vote comes as the company grapples with weakening EV sales and a lackluster robotaxi rollout. Musk has argued that he requires more control over Tesla to lead its AI efforts, rather than getting distracted by his other AI company. Alongside the proposal to invest in xAI, shareholders will also vote on a Tesla-backed 10-year compensation plan for Musk that could give him more than 25% control [1].

Meanwhile, the EU is reportedly planning to introduce new antitrust rules aimed at regulating large tech companies like Google. The European Commission has fined Google EUR 2.95 billion (approximately $3.5 billion) for violating EU antitrust rules by favoring its own advertising services. The commission stated that Google abused its dominant market position by giving preferential treatment to its ad exchange AdX within its publisher ad server and ad-buying tools [3].

Separately, Qualcomm has reportedly acquired Intel's Network Platforms division for $1.4 billion. The acquisition is part of Qualcomm's strategy to expand its business and increase its market share in the networking and connectivity sectors [3].

References:
[1] https://techcrunch.com/2025/09/05/tesla-shareholders-to-vote-on-investing-in-musks-ai-startup-xai/
[2] https://www.mercurynews.com/2025/09/05/tesla-shareholders-to-vote-on-xai-investment-in-november/
[3] https://www.indexbox.io/blog/eu-fines-google-295-billion-for-antitrust-violations-in-ad-tech/