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Tesla Surges After Reporting $2BN Investment In xAI, Stronger Than Expected Profit
['Tyler Durden']
Zero Hedge
In contrast, Tesla’s energy division is widely expected to be a bright spot.
Last quarter, Tesla delivered about 418,000.
Tesla’s investment was made on market terms consistent with those previously agreed to by other investors in the financing round....
Tesla sells megapacks to xAI and xAI’s Grok chatbot is integrated into some Tesla vehicles.
An investment in xAI, and leverage of its work in AI, is what a lot of Tesla shareholders have been calling for.