Elon Musk's xAI Launches 'Grok For Government'
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Sky News analysis reveals the carmaker's benefit from state subsidies is threatened after its founder's row with the president.
One analyst called on Tesla's board of directors to act and set "ground rules" for Musk's political involvements.
Elon Musk's strategy to leverage resources across his business empire, including Tesla Inc. (NASDAQ: TSLA), SpaceX, and xAI, has sparked investor concerns, particularly after a recent controversy involving chatbot Grok.
Tesla shares fell sharply in early trading Monday after CEO Elon Musk said he will launch a new political party.
Tesla's stock drops as Elon Musk announces the launch of his 'America Party,' raising concerns among investors about his commitment to the automaker. The conflict with Trump and Musk's political ventures have been attributed to weakening shareholder confidence in Tesla's future performance.
Tesla's plan to bring robotaxis to the Bay Area could shake up the autonomous ride-hailing market. This years 40 under 40 event honors the rising entrepreneurs, influencers, creators, and executives that have shaped the bay area and are paving the way for what comes next.
Investments into xAI would help Grok better compete with OpenAI's ChatGPT by increasing capital toward research and development.