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Elon Musk Polls Users on $5 Billion Tesla Investment in xAI

Tesla CEO seeks public opinion on funding his AI startup, amid falling profit margins and resource allocation concerns.

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Elon Musk posts on his personal X account, a poll asking his followers whether his Tesla should invest in a further $5 billion into xAI startup.

Overview

  • Musk launched a poll on social platform X to gauge support for Tesla investing $5 billion in xAI.
  • The poll follows Tesla's report of its lowest profit margin in five years due to price cuts and increased AI spending.
  • xAI, founded by Musk, aims to advance Tesla's self-driving technology and data center capabilities.
  • Critics argue Musk's resource allocation could conflict with Tesla's interests, citing past diversions of talent and chips.
  • Early poll results show strong public support, with over 70% in favor of the investment.