Tesla has announced a $2 billion investment in xAI, the artificial intelligence company led by CEO Elon Musk. This move aligns with Musk's strategy to pivot Tesla from solely an electric vehicle manufacturer to a broader AI-focused enterprise, underpinning its $1.5 trillion valuation. Additionally, Tesla confirmed that its Cybercab robottaxi production will continue as planned this year.
Tesla CFO Vaibhav Taneja revealed that the company is also increasing production of humanoid robots, with capital expenditures expected to surpass $20 billion this year. This investment is significantly higher than the $8.5 billion projected for 2025, highlighting Tesla's aggressive expansion in AI and robotics.
Tesla Commits $2 Billion to Elon Musk's xAI, Advances AI Ambitions
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