Elon Musk Proposes $5 Billion Tesla Investment in xAI Through Social Media Poll
15 Sources
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Elon Musk Proposes $5B Tesla Investment In xAI Via Informal Poll On Social Media
Elon Musk sparked interest by posting an informal poll on the social media platform X, asking if Tesla should allocate $5 billion to his new startup, xAI. Musk, who helms multiple ventures including Tesla, SpaceX, The Boring Company, Neuralink, and X Corp., shared the poll following Tesla's
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Elon Musk launches poll. Question: Should Tesla invest $5 billion in xAI
"Board approval & shareholder vote are needed, so this is just to test the waters," Musk said of the poll which came on the heels of Tesla posting its lowest profit margin in five years on price cuts and increased spending on AI projects. During Tesla's earning conference call, Musk said xAI would
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Musk launches poll asking if Tesla should invest $5bln in xAI, early votes in favour
SAN FRANCISCO - Tesla CEO Elon Musk has launched a poll asking users on social media platform X whether the electric carmaker should invest $5 billion in his artificial intelligence startup xAI - with early votes showing most in favour of the move. "Board approval & shareholder vote are needed, so
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Elon Musk launches poll asking if Tesla should invest $5 billion in xAI
Elon Musk's social media poll asks if Tesla should invest $5 billion in xAI, his AI startup competing with OpenAI and Google. 70.2% of 322,000 users support it as of 0234 GMT. Tesla, reporting its lowest profit margin in 5 years, cut prices to boost demand. $10B AI expenditure includes Nvidia
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Elon Musk launches X poll asking if Tesla should invest $5 billion in xAI, early votes in favour
Tesla CEO Elon Musk has launched a poll asking users on social media platform X whether the electric carmaker should invest $5 billion in his artificial intelligence startup xAI - with early votes showing most in favour of the move. "Board approval & shareholder vote are needed, so this is just to
[6]
Musk launches poll asking if Tesla should invest $5 billion in xAI, early votes in favour
"Board approval & shareholder vote are needed, so this is just to test the waters," Musk said of the poll which came on the heels of Tesla posting its lowest profit margin in five years on price cuts and increased spending on AI projects. During Tesla's earning conference call, Musk said xAI would
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Elon Musk asks if Tesla should invest $5 bln in xAI By Investing.com
Investing.com-- Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Tuesday asked his followers on social media platform X whether the electric vehicle maker should invest $5 billion in his artificial intelligence startup xAI. "Board approval & shareholder vote are needed, so this is just to test the
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Large majority want Tesla to invest in xAI, poll shows (TSLA)
More than two-thirds of respondents to Elon Musk's post on social network X want Tesla (NASDAQ:TSLA) to invest $5B in Musk's artificial intelligence company xAI. By 2 p.m. EST on Wednesday, more than 850,000 users had voted in the poll, with 68.1% saying that Tesla should put capital into xAI. The
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Musk Polls X Users: Should Tesla Invest in AI?
Elon Musk is asking users of his social media platform if his car company should invest in his AI platform. The world's richest man launched the non-binding, informal poll on X -- formerly Twitter -- late Tuesday (July 23), hours after saying during an earnings presentation that Tesla would
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Elon Musk fires off X poll on whether Tesla should invest $5B in xAI (NASDAQ:TSLA)
Tesla (NASDAQ:TSLA) CEO Elon Musk introduced a poll on his social media X account on Monday night. Musk asked if Tesla (TSLA) should invest $5B into @xAI, assuming the valuation is set by several credible outside investors. At 9:43 p.m, about 70.8% of the votes cast favored the xAI investment.
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Elon Musk Is Polling X And Asking If Tesla Should Invest $5B In Grok Parent xAI: 'This Is Just To Test The Waters' - Tesla (NASDAQ:TSLA)
Telsa Inc. TSLA and SpaceX CEO Elon Musk initiated a poll on X, formerly Twitter, asking if the EV giant should invest $5 billion in his AI company and Grok-parent, xAI. What Happened: On Tuesday, Musk posted the poll intending to "test the waters" before Tesla ivests into xAI. His question was:
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Elon Musk might have Tesla invest $5 billion in his AI startup xAI
Elon Musk says his ChatGPT rival Grok will be open-source as OpenAI feud continues Musk said the poll is only meant "to test the waters," as the company's board would have to approve the investment and shareholders would have to vote on the decision. Tesla did not immediately respond to a request
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Elon Musk wants your input on how to fund xAI
Conway Gittens: I'm Conway Gittens reporting from the New York Stock Exchange. Here's what we're watching on TheStreet today. Tech stocks led an earnings-induced nosedive across Wall Street on Wednesday. The Nasdaq plunged 654 points in its biggest one-day loss since 2022. Google parent Alphabet
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Subsidize B200 GPU Purchases: Elon Musk Commissions An Online Poll On Whether Tesla Should Invest $5 Billion in xAI
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. Even after being chastised by his board, Elon Musk continues to adhere to his penchant of deferring to online polls for monumental decision-making. While this
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Dan Ives, Jim Cramer And Sawyer Merritt Back Elon Musk's Plan For Tesla's $5B Investment In Grok Parent xAI - Tesla (NASDAQ:TSLA)
The recent proposal by Elon Musk for Tesla Inc. TSLA to invest $5 billion in Grok parent xAI has garnered support from leading market experts on Wednesday. What Happened: Wedbush analyst Dan Ives, CNBC's "Mad Money" host Jim Cramer and popular Tesla investor Sawyer Merritt have expressed their
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Elon Musk launches an informal poll on X (formerly Twitter) to gauge public opinion on whether Tesla should invest $5 billion in his AI company, xAI. The poll has garnered significant attention and early votes are in favor of the investment.
Musk's Unconventional Approach to Corporate Decision-Making
In a characteristic move blending social media engagement with high-stakes business decisions, Elon Musk has taken to X (formerly Twitter) to propose a substantial investment by Tesla into his artificial intelligence venture, xAI. The tech mogul launched an informal poll asking his followers whether Tesla should invest $5 billion in xAI, potentially shaping the future direction of both companies .
The Poll and Its Implications
The poll, which went live on March 23, 2024, presented a straightforward question to X users: "Should Tesla invest $5B in xAI?"
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. As of the latest reports, early votes were leaning in favor of the proposed investment, with approximately 80% of respondents supporting the idea3
.xAI: Musk's Venture into Artificial Intelligence
xAI, founded by Musk in July 2023, aims to develop AI systems that can "understand the true nature of the universe"
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. The company has already made waves in the AI community with the release of its chatbot, Grok, which is designed to rival other AI models like ChatGPT.Potential Impact on Tesla and Its Shareholders
If the investment were to proceed, it would mark a significant shift in Tesla's strategy, potentially aligning the electric vehicle manufacturer more closely with the rapidly evolving AI sector. However, this move has raised questions among industry analysts about the appropriateness of using social media polls for major corporate decisions
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Regulatory and Ethical Considerations
The proposed investment also brings to light potential regulatory concerns. The U.S. Securities and Exchange Commission (SEC) has previously taken issue with Musk's use of social media to make Tesla-related announcements. This latest poll could potentially attract further scrutiny from regulators concerned about the impact of such informal methods on market dynamics and investor protection .
The Broader Context of AI Investment
Musk's proposal comes at a time of intense competition and investment in the AI sector. With tech giants and startups alike pouring billions into AI research and development, Tesla's potential $5 billion investment in xAI could significantly alter the landscape of AI funding and development
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