Elon Musk's Tesla to invest $2B in xAI as EV maker's revenue, profit slump

Tesla said Wednesday it had agreed to invest about $2 billion in Elon Musk’s artificial intelligence startup xAI, deepening ties between the companies as the automaker pitches itself as an autonomy and robotics-driven company.Tesla’s shares were up about 2% in extended trading.Musk has framed AI technology as central to his broader push to develop artificial intelligence that could support the automaker’s self-driving and robotics ambitions. 3 Tesla said Wednesday it had agreed to invest about $2 billion ...