Elon Musk Opposes Merger Between Tesla (TSLA) and AI Startup xAI

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5 days ago
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Elon Musk, the billionaire entrepreneur, has publicly stated on the social platform X that he does not support a merger between Tesla (TSLA, Financial) and the artificial intelligence startup xAI, both of which he owns. Previously, he mentioned the possibility of allowing Tesla shareholders to vote on whether Tesla should invest in xAI. However, his recent post indicates a shift away from the idea of merging the two entities.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.