Shareholder Lawsuit
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Tesla invests $2 billion in Elon Musk's xAI
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Tesla has disclosed a $2 billion investment in Elon Musk's AI company xAI, part of its Series E funding round, despite ongoing shareholder lawsuits and a rejected nonbinding vote. The move aims to foster AI collaborations under Tesla's Master Plan Part IV. The investment, made on market terms, is expected to close in the first quarter of 2026.