Tesla Shareholders Didn’t Approve of Investment in Musk’s xAI

November 7, 2025

Tesla Shareholders Didn’t Approve Authorizing Investment in xAI – Bloomberg

The Grok websitePhotographer: Gabby Jones/Bloomberg

A Tesla Inc. shareholder proposal for the board to authorize an investment in xAI wasn’t approved, clouding prospects for the Elon Musk-led carmaker to take a stake in his artificial intelligence startup.

The nonbinding measure garnered 1.06 billion votes in favor of authorization, exceeding the 916.3 million that were against, Tesla disclosed in a late Friday regulatory filing. However, more than 473 million votes abstained — more than twice the number for any other proposal on this year’s proxy.

 

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