Tesla will give its shareholders the option to invest in artificial intelligence startup xAI, billionaire owner of both companies Elon Musk said on his social media platform X. "It's not up to me... We will have a shareholder vote on the matter,

This announcement follows reports that another of Musk's key ventures, SpaceX, is set to inject $2 billion into xAI as part of its ongoing $5 billion capital raise. Musk acknowledged this report, noting its dependency on "board and shareholder approval" from SpaceX's side.

Elon Musk hints at allowing Tesla shareholders to invest in his AI venture, xAI, subject to a shareholder vote. SpaceX is also set to invest $2 billion in xAI, aiming for a valuation of up to $200 billion.