Elon Musk To Discuss Tesla-xAI Partnership With EV Giant's Board
Portfolio Pulse from Anan Ashraf
Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), is considering a partnership with his AI startup, xAI. The collaboration, suggested by investor Dave Lee on social media platform X, would involve Tesla's financial investment and DOJO compute resources in exchange for equity and access to xAI's AI chatbot, Grok AI. Musk has announced his intention to discuss the potential partnership with Tesla's board, sparking interest among shareholders.
November 22, 2023 | 7:43 am
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Tesla Inc may enter a partnership with xAI, involving financial investment and DOJO resources for equity and AI technology access. Elon Musk's tweet about discussing this with Tesla's board has generated excitement among investors.
The news of a potential partnership with xAI is likely to be viewed positively by investors, as it could lead to innovative AI solutions for Tesla and enhance its technological edge. The direct involvement of Elon Musk and the positive reaction from investors suggest a potential short-term positive impact on TSLA's stock price.
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