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Barchart
Barchart
Sristi Suman Jayaswal

Is Tesla Stock a Buy, Sell, or Hold as Elon Musk Makes a Bid for OpenAI?

Elon Musk is again back in the spotlight, and this time, it is not for rockets or electric cars but for leading a group of investors in a $97.4 billion bid to take control of OpenAI. His stated goal is to return the company to its “open-source” and “safety-first” roots. With his own AI company, xAI, in play, the stakes are high.

Sam Altman, OpenAI’s CEO, seems less than impressed. He sees Musk’s bid as a strategic attempt to slow down a competitor rather than a genuine takeover offer. Altman made his stance clear with a sharp X post: “No thank you, but we will buy Twitter for $9.74 billion if you want.” The Musk-Altman rivalry runs deep. From co-founding OpenAI to Musk’s failed 2018 takeover bid, tensions have escalated with lawsuits, withdrawals, and re-filings.

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