Tesla shareholders will vote on whether or not to take a position into xAI, Tesla CEO Elon Musk’s non-public firm, in accordance with a publish by Musk on twitter immediately.
Elon Musk is not only the CEO of Tesla, the electrical automobile firm that you will have heard about every now and then in Electrek’s protection, however a number of different corporations as properly. And, famously, Musk corporations typically share sources – there was a lot speak of incorporating SpaceX know-how into Tesla autos, and placing xAI/twitter’s “MechaHitler”…. er, I imply, “Grok”…. characteristic into Tesla vehicles, amongst different collaborations which have occurred over his numerous corporations’ histories.
And immediately, Musk made it official that he’ll search better collaboration between three of his corporations: Tesla, xAI, and twitter, within the type of an funding into xAI by Tesla.
The state of affairs is a bit more difficult than that, although.
Tesla is a public firm, owned by shareholders. Musk is the most important shareholder, however solely owns round 12% of the corporate himself.
This can be a completely different state of affairs than xAI, which is a personal firm, owned by Musk. Whereas there are different buyers, he can train rather more direct management over the corporate, and doesn’t should put huge choices as much as a vote.
One of many current choices he made with xAI was to buy twitter in March. Chances are you’ll say, “wait, I believed he purchased twitter again in 2022?,” and also you’d be right. Musk bought twitter for $44 billion in 2022, which was extensively agreed to be far too excessive a value, after which quickly noticed the corporate’s valuation drop to round $10 billion.
Then, in March 2025, Musk had xAI buy twitter in an all-stock deal, valuing twitter firm at $45 billion – once more, far too excessive of a valuation, however contemplating he bought the corporate from himself, he might set the value at no matter he wished.
The transfer was extensively thought-about to be a bailout of twitter, and the numbers concerned thought-about arbitrary, maybe partially to assist save face for Musk after he made one of many worst enterprise offers of all time.
Now the 2 are the identical entity, and it appears clear that he want to carry Tesla into the fold, indirectly or one other.
Musk has already improperly used sources from Tesla, a public firm, to spice up xAI and twitter, his non-public corporations. Final yr, he gave up Tesla’s precedence place for extremely sought-after NVIDIA H100 GPUs, as a substitute transport these GPUs to xAI and twitter. Tesla might have used these GPUs for coaching its FSD/Robotaxi methods, which Musk has claimed is crucial factor to Tesla’s future, however as a substitute graciously despatched them to his different firm that used them to, uh, prepare a bot to say Nazi stuff apparently.
xAI has additionally poached expertise from Tesla, a number of occasions, displaying how Musk is utilizing Tesla as a farm staff for his non-public firm.
So it hasn’t been a secret that Musk want to use public cash to bail out his non-public corporations, as he’s been setting the stage for for some time now.
Musk has beforehand “mentioned” getting Tesla to put money into xAI prior to now, however the thought was by no means made official till immediately, when Musk mentioned that he’ll put the concept to a shareholder vote.
In response to one among his superfans asking for the the chance to waste cash on an overvalued social media app (which might mark the third time it has been overpaid for in as a few years), and the backend fueling “MechaHitler,” Musk mentioned this:
Tesla historically holds its annual shareholder assembly across the center of the yr, so if it have been a traditional yr, this shareholder vote could be imminent.
But it surely’s not a traditional yr, as simply final week Tesla introduced an exceptionally late shareholder assembly, pushing it again to November, the most recent it has ever held the assembly.
Which means Musk may have round 4 months to marketing campaign for this concept – one thing that he’ll maybe have extra time to do, now that he’s not cosplaying as a authorities official.
And we might have a touch as to how that vote will go, as a result of the final time Musk campaigned for a clearly horrible thought, Tesla shareholders ate it up.
In mid-2024, Musk ended his yearslong absenteeism at Tesla in a flurry of exercise, hoping to steer sufficient shareholders to vote for his unlawful $55B pay package deal.
That flurry concerned firing 10% of the corporate (supposedly in an effort to lower your expenses – although Tesla’s earnings have dropped drastically since), together with vital management and profitable groups, which prompted chaos with Tesla’s tasks. He additionally pushed again an all-important inexpensive automobile challenge (which we’ve nonetheless heard nothing about) and held Tesla’s AI tasks hostage whereas shifting each sources and workers from Tesla to his non-public AI firm, at the same time as he claims that AI is the way forward for Tesla.
In the long run, these dangerous choices labored, and shareholders voted to present their dangerous CEO his $55B pay package deal, although it was later dominated to nonetheless be unlawful.
So it seems to be like we’ve received one other marketing campaign arising, and if final time was any indication, anticipate some actually dangerous choices alongside the best way. It labored final time, didn’t it?
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