Tesla(US:TSLA) 智通财经网·2025-11-08 00:58Core Viewpoint - Tesla's shareholder proposal to invest in xAI was not approved, creating uncertainty around the company's potential investment in the AI startup [1][4]. Group 1: Proposal Outcome - The non-binding proposal received 1.06 billion votes in favor, surpassing 916.3 million against votes, but the abstentions exceeded 473 million, which is more than double the abstentions for any other proposal this year [1][4]. - According to Tesla's bylaws, abstentions are counted as votes against, leading to the proposal's failure [4]. Group 2: Company Position and Future Considerations - Tesla's General Counsel, Brandon Elhardt, indicated that the board would consider future actions based on shareholder support for the proposal [4]. - Elon Musk has publicly supported the investment in xAI, previously proposing a $5 billion investment, and there are existing business ties between Tesla and xAI [4][5]. - Tesla highlighted that Musk is developing "new innovative processes" in his other ventures, which may not align with Tesla's mission, suggesting that Tesla's resources should not be used for xAI [4]. Group 3: Strategic Implications - If Tesla were to invest in xAI, it would further integrate Musk's business empire, as SpaceX is already an investor in xAI, and xAI has merged with Musk's social media company, X [5]. - xAI is reportedly raising $20 billion in debt and equity to support its infrastructure, including a data center in Memphis, which is essential for training AI models [5].