Tesla gets multiple shareholder proposals related to investment in xAI

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Tesla said on Friday it had received a number of shareholder proposals regarding the company’s plan to invest in CEO Elon Musk’s artificial intelligence startup xAI.

Musk ruled out a merger between Tesla and xAI earlier in July, but said he planned to hold a shareholder vote on investment in the startup by the automaker.

The proposals come amid significant funding activity for xAI this year. The startup completed a $5 billion debt raise alongside a separate $5 billion strategic equity investment, Morgan Stanley said last month.

Musk has pursued an…



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Tesla gets multiple shareholder proposals related to investment in xAI



Tesla said on Friday it had received a number of shareholder proposals regarding the company’s plan to invest in CEO Elon Musk’s artificial intelligence startup xAI.

Musk ruled out a merger between Tesla and xAI earlier in July, but said he planned to hold a shareholder vote on investment in the startup by the automaker.

The proposals come amid significant funding activity for xAI this year. The startup completed a $5 billion debt raise alongside a separate $5 billion strategic equity investment, Morgan Stanley said last month.

Musk has pursued an…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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