news 
Tesla Inc. (TSLA) Stock; Holds Steady as Elon Musk Rejects xAI Merger Proposal
In a surprising yet expected move, Elon Musk has confirmed that Tesla will not be merging with xAI, instead opting for strategic investment in the AI startup. This decision is a significant shift from prior discussions about a potential merger and signals Tesla’s commitment to maintaining its independence while deepening collaboration with xAI.
The news comes as no surprise given Musk’s history of preferring separate corporate structures, as seen in his other ventures such as SpaceX and Tesla, despite sharing technological synergies and leadership. This approach allows each enterprise to preserve its unique mission and capital framework, which Musk is keen on preserving this time around.
Tesla Inc. (TSLA) Stock; Holds Steady as Elon Musk Rejects xAI Merger Proposal
Source: coincentral.com
