- Tesla CEO Elon Musk said on Thursday he will discuss a $5 billion investment in artificial intelligence startup xAI, as the electric-vehicle maker looks to double down on efforts to expedite the development of its robotaxi and self-driving products.
Earlier this week, during Tesla's earnings conference call, Musk said xAI would be "helpful in advancing full self-driving and in building up the new Tesla data center," adding that there are opportunities to integrate Grok with Tesla's software.Tesla's second-quarter automotive gross margin and profit fell short of Wall Street estimates on Tuesday as the company cut prices and offered incentives to boost sales.
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