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Tesla sold $430 million worth of its Megapack backup batteries to Musk's xAI in 2025
['Lora Kolodny', 'In Lorakolodny']
International: Top News And Analysis
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe.
Tesla sold $430 million worth of its giant backup batteries called Megapacks to xAI, Elon Musk's artificial intelligence startup, in 2025, according to a filing on Thursday.
In its fourth-quarter earnings release on Wednesday, Tesla said it was investing $2 billion in xAI as part of the startup's latest round of funding.
In a lawsuit that's pending in Delaware, Musk has been accused of violating his fiduciary duty to Tesla shareholders by diverting the automaker's resources to xAI.
WATCH: Musk's xAI closes $20 billion funding round