Pins matching tag:xAI

Tesla shareholders meeting at Gigafactory Texas approved Elon Musk's 2025 CEO Performance Award with 75% support, while a proposal for Tesla to invest in xAI failed under Tesla's bylaws despite more votes for than against.

Tesla agreed to buy about $2 billion of xAI's Series E preferred stock in the AI company's $20 billion round, alongside a framework agreement for AI collaboration; after SpaceX absorbed xAI, the stake became less than 1% of SpaceX.

Tesla beat fourth-quarter 2025 estimates with adjusted EPS of $0.50 on $24.9 billion revenue, but 2025 revenue fell 3% to $94.8 billion, its first annual decline; Musk said Model S and X production would end and their Fremont lines would build Optimus.

SpaceXAI, formerly xAI, releases Grok 4.7, its most capable model for coding and knowledge work, built on a larger base model and priced like Grok 4.6 at $2 per million input tokens; independent tests still put it well behind Claude Fable 5.1 and GPT-6.