Elon Musk says Tesla shareholders will vote on investing in xAI

Core Points - Tesla's CEO Elon Musk announced that the company will hold a shareholder vote regarding an investment in his AI company, xAI [1][2] - Musk confirmed that SpaceX is looking to invest $2 billion into xAI, pending board and shareholder approval [3] - xAI has previously leveraged its connections to Musk's businesses to attract investments, with a reported valuation of $50 billion after raising over $12 billion in funding [10] Investment Details - Musk stated that xAI raised over $12 billion during its Series A, B, and C funding rounds last year [10] - In March, xAI acquired X (formerly Twitter) in an all-stock deal, valuing xAI at $80 billion and X at $33 billion after accounting for $12 billion in debt [10] - Last month, Morgan Stanley reported that xAI raised $10 billion in debt and equity, with the proceeds aimed at developing xAI's data centers and Grok chatbot [11]