Tesla (TSLA) Stock: Musk Links xAI and Tesla with $2 Billion AI Power Play

TLDR Tesla finalizes $2 billion investment in Elon Musk’s xAI artificial intelligence company via Series E Preferred Stock purchase Model S and Model X production ending to free factory space for Optimus humanoid robot manufacturing Energy storage division posted record $3.84 billion Q4 revenue, crushing analyst estimates by 11% Capital expenditures jumping to $20 billion-plus [...]

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