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Fortune

Christiaan Hetzner

Elon Musk promises Tesla shareholders a vote over buying equity in his Grok startup: ‘If it was up to me, Tesla would have invested in xAI long ago’

Elon Musk Tesla Inc. XAI X Grok SpaceX United States OpenAI Twitter Inc.

White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9, 2025 (Credit: Samuel Corum—Getty Images)

Tesla CEO Elon Musk is calling for shareholders to get a vote over whether to invest in his artificial intelligence startup xAI. The earliest this would likely come is November, when the EV company is scheduled to hold its annual meeting. The news comes as Musk’s SpaceX company reportedly contributed $2 billion to last months’s $10 billion xAI fundraising consisting of equal parts equity and debt.

Elon Musk wants Tesla shareholders to help him consolidate control over his sprawling business empire by allowing his cash-rich EV company to invest in his latest startup, xAI.

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