🕒 Last updated on July 14, 2025
Tesla, the electric car company, may soon ask its shareholders to vote on a major investment in a company called xAI. This announcement comes after reports surfaced that another one of the billionaire CEO’s companies, SpaceX, is thinking of investing $2 billion into xAI.
Tesla Shareholders May Decide on xAI Investment
The CEO commented that the decision to invest is not entirely in his hands. While he had earlier posted on social media to ask if Tesla should invest $5 billion in xAI, he explained it was just to get public feedback. He stated at the time that a formal approval from Tesla’s board and shareholders would be required for such a move.
xAI is a new artificial intelligence (AI) company that was created in 2023. It was launched just after a big rise in AI interest globally, sparked by the release of tools like ChatGPT. Recently, xAI merged with a social media platform that is also owned by the CEO. Through this combination, the social media firm was valued at $33 billion and xAI at $80 billion. Together, the two firms now operate under a combined name: XAI Holdings.
xAI’s Rapid Growth and New Business Ties
XAI Holdings is now reported to be in talks to raise more money. Business reports suggest that it might be valued as much as $200 billion. That’s a huge number for a company that’s only been around for a short time. These developments suggest that the CEO is working to connect his different businesses even more closely.
In another twist, Tesla recently announced that it will use xAI’s chatbot, called Grok, in its vehicles. This announcement came just days after Grok was involved in controversy for posting offensive content on the social media platform. Despite the incident, Tesla still decided to move ahead with the integration.
Some Tesla investors have actually been asking for more cooperation between Tesla and xAI, especially as electric vehicle sales have slowed down. They think that Grok and other AI tools could improve the sophistication and appeal of Tesla’s goods.
This isn’t the first time Tesla and xAI have done business together. Tesla shared in April that xAI was already a customer last year. In total, xAI spent about $198.3 million with Tesla. Most of that—around $191 million—was spent buying Tesla’s large energy storage batteries, called Megapacks. These Megapacks are used to store and manage electricity, and they are one of Tesla’s key non-car products.
Shareholder Poll Could Shape Future AI Plans
Now, with the possible vote on the table, Tesla’s shareholders might get to decide whether or not to back xAI with a significant financial investment. The CEO has stressed that this is not a decision he can or will make alone. The company’s board and investors must give their approval.
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The potential vote reflects a growing trend where big companies are looking to get more involved in AI. AI tools are being added to all kinds of products, from phones to cars. For Tesla, adding AI features might help bring in more customers or make its technology more useful.
If Tesla does go ahead with the vote and shareholders approve the deal, it could mean even stronger ties between the carmaker and xAI. However, no decision has been made as of yet. The decisions made by the shareholders and the board will determine everything.
So far, the only confirmed facts are these: SpaceX is thinking about putting $2 billion into xAI, and Tesla’s shareholders may be asked to vote on a possible investment of $5 billion. The CEO is playing a careful role in all of this—sharing ideas publicly but leaving the final call to the people who own and run the company.