Musk says he does not support merger between Tesla and xAI

Musk says he does not support merger between Tesla and xAI

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  • Musk says he does not support merger between Tesla and xAI</p>

<p>July 14, 2025 at 1:23 AM</p>

<p>(Reuters) -Elon Musk said on Monday he does not support a merger between his electric vehicle maker Tesla and his artificial intelligence startup xAI, which owns the Grok chatbot and competes with the likes of OpenAI's ChatGPT.</p>

<p>In response to a user post on X that asked Tesla investors if they supported a merger between the two companies, Musk replied "No."</p>

<p>On Sunday, Musk had said he would ask Tesla shareholders to vote whether Tesla can invest in xAI, after earlier saying "it would be great" if Tesla could do so.</p>

<p>Tesla and xAI did not immediately respond to Reuters' requests for comment.</p>

<p>xAI acquired X, formerly called Twitter and also owned by Musk, in a $33 billion deal in March this year, valuing the combined group at $80 billion at the time.</p>

<p>Sources told Reuters in June that xAI had been in talks to raise money at a valuation of more than $120 billion, while a valuation of as high as $200 billion was also discussed.</p>

<p>The Wall Street Journal reported on Saturday that Musk's SpaceX had committed $2 billion to xAI as part of a $5 billion equity round.</p>

<p>(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)</p>

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