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Musk says he does not support Tesla, xAI merger

UNITED STATES, JUL 14 – Elon Musk rejects Tesla-xAI merger but will seek shareholder approval for Tesla’s investment to boost AI development and compete with OpenAI, amid a $5 billion funding round.

  • Elon Musk ruled out a merger between Tesla and xAI but will seek shareholder approval for Tesla's investment in xAI.
  • SpaceX will invest $2 billion in xAI as part of a $5 billion funding round for artificial intelligence.
  • Musk stated that integrating technology between Tesla and xAI is important for both companies.
  • Musk acknowledged that Grok, xAI's chatbot, helps Tesla compete with OpenAI's ChatGPT, but its usage still lags behind that of ChatGPT.
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CNBC broke the news in United States on Monday, July 14, 2025.
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