$XAI on 🔥again.

Tesla Inc. (TSLA) shares remain stable as Elon Musk rejects the merger proposal with xAI.

Elon Musk reaffirms Tesla's commitment to independence while seeking deeper collaboration in AI with xAI, aiming to drive innovation without full integration.

Summary;

Elon Musk confirms that Tesla will not merge with xAI, preferring instead a strategic investment.

Tesla has already spent nearly $200 million on xAI in 2024, suggesting deeper partnerships in the future.

The integration of AI, including xAI's Grok assistant, could help Tesla reverse its recent sales decline.

Musk's structure preserves xAI's startup flexibility while positioning Tesla to benefit from its growth.

Tesla's shares remained relatively unchanged on Monday following Elon Musk's announcement that he opposes a total merger between Tesla and his artificial intelligence startup, xAI.

In a tweet on Monday, Musk confirmed his preference for strategic investment over corporate integration, despite recent discussions about the possibility of Tesla backing xAI with a multi-billion dollar commitment.

The news came just a day after Musk floated the idea of seeking Tesla shareholders' approval to invest in xAI, indicating a growing interest in the potential of the AI firm. However, Tesla's CEO clarified that while financial alignment may deepen, both entities will remain structurally independent. #Write2Earn #ElonMusk #BinanceUIRefined #wct