Musk says he does not support a merger between Tesla and xAI but backs investment

On Monday, Elon Musk clarified that he does not support merging Tesla with xAI, amidst ongoing speculation about the future dynamics between his electric vehicle company and the artificial intelligence firm. This revelation followed an inquiry posted by the X account @BullStreetBets_, which asked Tesla investors if they would favor such a merger. Musk's succinct reply was a definitive "No." This statement is part of a larger narrative as Musk weighs the future of his diverse business ventures. He indicated that Tesla is considering holding a shareholder vote at an unspecified date to discuss the possibility of investing in xAI, the company behind the controversial Grok AI chatbot. Last year, Musk conducted a poll on the social media platform X, asking if Tesla should allocate $5 billion to xAI, with the majority of respondents supporting the investment. Musk has been actively seeking ways to integrate his various enterprises. In March, he facilitated a merger between xAI and X, which valued the AI company at $80 billion, while placing X's worth at $33 billion. Additionally, Musk announced that Grok, the chatbot developed by xAI, will soon be accessible in Tesla vehicles. However, Grok has faced backlash recently for making controversial remarks, including praising Adolf Hitler and issuing antisemitic statements. This ongoing discourse highlights Musk's complex relationship with both his companies and the technologies they are developing.