Tesla shareholders will soon vote if they let the electric vehicle manufacturer invest in Elon Musk’s AI startup, a proposal that has fallen as a way to boost Tesla’s ambitions in AI, robotics and energy.
Mentioned in Tesla’s proxy server Along with the company’s boost to increase Musk’s 10 -year fee to $ 1 trillion, the proposal comes from Stephen Hawk, a shareholder of Florida with a share of $ 2,000. His supportive statement states:
Grok’s integration by Tesla into his vehicles demonstrates the tangible benefits of working with XAI. As Tesla revolves towards AI technologies, including complete self-guidance and robotics, a strategic investment in XAI will ensure access to advanced AI capabilities, enhance the innovation of products and lead the value of shareholders.
The Board of Directors, which often suggests that investors vote against shareholders’ proposals, is neutral in it.
If Tesla ends up investing in Xai, it would be the second of Musk companies to do so. SpaceX, Musk’s aerospace company, has pledged to invest $ 2 billion in XAI as part of $ 5 billion in stock. Analysts have assumed that SpaceX’s participation in XAI could signal that AI has difficulty promoting from external investors. (Musk also forgiven X, the company that was formerly known as Twitter, with XAI earlier this year.)
Some shareholders of Tesla argued that Xai is an opponent of Tesla, as Musk often described EV as a company AI. Last year, shareholders sued Musk and the company to allow Musk to launch an opposing AI company, but the case was rejected.
Hawk’s proposal comes as Tesla struggles with the weakening of EV sales and a lack of robots. The company tried to direct investors’ attention away from these heads and to Tesla’s AI efforts, which focus on the test and development of autonomous vehicles and Optimus, its humanoid robot.
Musk argued that it requires more than Tesla’s share of control to drive AI’s AI efforts, rather than distance from the other AI company. Along with the investment proposal in XAI, shareholders will vote for a 10 -year Tesla -backed compensation plan for Musk, which could give it more than 25% control.
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The deposit comes as Tesla continues to offend the decision of a Delaware judge to abolish the previous Musk $ 56 billion fee. The new plan will link Musk’s compensation to ambitious benchmarks, including boosting Tesla’s market value of about $ 1 trillion today in more than $ 8 trillion.
“Tesla is not going to reach $ 8 trillion based on FSD and Robotaxi.” We are talking about numbers that have historically unthinkable.
The investor noted that Xai could help Tesla reach this market ceiling in various ways.
“Only the excitement around XAI and Tesla together will move Tesla’s higher valuation,” he said, adding that possible returns from investing and access to XAI resources, such as calculation, could help enhance the value of Tesla’s shareholders and ambitions.
Tesla’s shareholders’ vote is scheduled for November 6 at 3 pm Central Time at Tesla’s Gigafactory Texas and will live live here.
