Musk says he does not support a merger between Tesla and xAI but backs investment

Musk says he does not support a merger between Tesla and xAI but backs investment


Elon musk and the xAI logo.

Vincent Feuray | Afp | Getty Images

Elon Musk on Monday said he does not support a merger between xAI and Tesla, as questions swirl over the future relationship of the electric automaker and artificial intelligence company.

X account @BullStreetBets_ posted an open question to Tesla investors on the social media site asking if they support a merger between Tesla and xAI. Musk responded with “No.”

The statement comes as the tech billionaire contemplates the future relationship between his multiple businesses.

Overnight, Musk suggested that Tesla will hold a shareholder vote at an unspecified time on whether the automaker should invest in xAI, the billionaire’s company that develops the controversial Grok AI chatbot.

Last year, Musk asked his followers in an poll on social media platform X whether Tesla should invest $5 billion into xAI. The majority voted “yes” at the time.

Musk has looked to bring his various businesses closer together. In March, Musk merged xAI and X together in a deal that valued the artificial intelligence company at $80 billion and the social media company at $33 billion.

Musk also said last week that xAI’s chatbot Grok will be available in Tesla vehicles. The chatbot has come under criticism recently, after praising Adolf Hitler and posting a barrage of antisemitic comments.

CNBC’s Samantha Subin contributed to this report.



Source

Jim Cramer: Waymo’s soaring valuation adds a new layer to the Alphabet buy story
Technology

Jim Cramer: Waymo’s soaring valuation adds a new layer to the Alphabet buy story

Waymo is becoming a real source of investor excitement on new valuation reports — reaffirming Jim Cramer’s view that the Alphabet stock remains a buy for that and so much more. Once an Alphabet moonshot, launched as the Google Self-Driving Car project in 2009, Waymo nowadays is shooting to the moon. The robotaxi business is […]

Read More
Elon Musk has lauded the ‘social media for AI agents’ platform Moltbook as a bold step for AI. Others are skeptical
Technology

Elon Musk has lauded the ‘social media for AI agents’ platform Moltbook as a bold step for AI. Others are skeptical

In this photo illustration, a person holds a smartphone displaying the Moltbook logo, with a larger Moltbook-themed graphic visible in the background, on February 1, 2026, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Moltbook, a site that bills itself as social media, for AI agents, has divided the tech sector. […]

Read More
The metal sell-off, Disney earnings, the ‘Melania’ movie and more in Morning Squawk
Technology

The metal sell-off, Disney earnings, the ‘Melania’ movie and more in Morning Squawk

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Good morning. America’s favorite groundhog, Punxsutawney Phil, saw his shadow this morning, meaning we’re in for six more weeks of winter. After the recent string of cold temperatures, I can’t say I’m surprised. Stock futures are sliding this morning. The three major […]

Read More