Musk says he does not support Tesla, xAI merger |
Tesla CEO Elon Musk said Monday he does not support merging his electric vehicle (EV) company with his artificial intelligence (AI) firm, xAI, after the idea was floated last week by a prominent analyst.
In response to a user on his social platform X who asked Tesla investors whether they backed a merger, the tech billionaire wrote “No.”
He had previously seemed resistant to the idea pitched by Wedbush Securities analyst Dan Ives, who suggested last week that the Tesla board could position the EV maker for a potential merger with xAI by increasing Musk’s voting share to 25 percent.
This came as part of a broader........