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Benzinga

Business

Rishabh Mishra

Tesla Investment In xAI Hinges On Elon Musk Having 25% Voting Power: 'Level Is Key,' Says Dan Ives

Elon Musk Dan Ives XAI X Daniel Ives Tesla Inc. Nasdaq Wedbush Securities ElonMusk electric vehicle

Gerber: Musk's politics hurt Tesla growth

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk‘s push for a 25% voting power in the electric vehicle maker is pivotal for the company’s potential investment in xAI, according to Wedbush Securities analyst Daniel Ives.

What Happened: In a recent X post, Ives emphasized that this “level is the key” for Tesla’s strategic move into artificial intelligence, aligning with Musk’s vision to integrate xAI’s capabilities, such as the Grok chatbot, into Tesla’s ecosystem.

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Poland deploys 20,000 cops in schools, inspects 80k educational institutions amid rising youth violence

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Four Boys Rescued From North Yorkshire Cave as Past Emergency at Same Bay Resurfaces

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