TSLA422.240-21.06%
GM74.860-2.89%
F13.410-1.07%
RIVN13.790-0.73%
CYD50.000-1.02%
HMC26.1800.51%
TM190.6800.18%
CVNA67.170-2.36%
PAG162.180-6.88%
LAD261.920-12.84%
AN184.150-8.5%
GPI313.620-20.71%
ABG179.170-13.92%
SAH73.960-3.88%
TSLA422.240-21.06%
GM74.860-2.89%
F13.410-1.07%
RIVN13.790-0.73%
CYD50.000-1.02%
HMC26.1800.51%
TM190.6800.18%
CVNA67.170-2.36%
PAG162.180-6.88%
LAD261.920-12.84%
AN184.150-8.5%
GPI313.620-20.71%
ABG179.170-13.92%
SAH73.960-3.88%
TSLA422.240-21.06%
GM74.860-2.89%
F13.410-1.07%
RIVN13.790-0.73%
CYD50.000-1.02%
HMC26.1800.51%
TM190.6800.18%
CVNA67.170-2.36%
PAG162.180-6.88%
LAD261.920-12.84%
AN184.150-8.5%
GPI313.620-20.71%
ABG179.170-13.92%
SAH73.960-3.88%

Elon Musk denies report of xAI and Tesla revenue-sharing deal

In July, Musk revealed that he and Tesla’s board would discuss a $5 billion investment in xAI, but no further details have been made public.
Elon Musk has dismissed claims that his artificial intelligence startup, xAI, has been discussing sharing future Tesla revenue

Elon Musk has dismissed claims that his artificial intelligence startup, xAI, has been discussing sharing future Tesla revenue in exchange for access to xAI’s technology and resources. According to The Wall Street Journal, Tesla was considering licensing xAI’s AI models to enhance its driver-assistance and full self-driving (FSD) technologies, with potential revenue-sharing between the two entities.

Musk quickly responded via his social media platform, X, stating, “Tesla has learned a lot from discussions with engineers at xAI that have helped accelerate achieving unsupervised FSD, but there is no need to license anything from xAI. ” He called the report “not accurate.”

The Wall Street Journal, citing unnamed sources, suggested that xAI would support the development of various Tesla features, including a voice assistant for electric vehicles and software for the company’s humanoid robot, Optimus. The publication also noted that a proposed revenue-sharing agreement between xAI and Tesla could be based on how extensively Tesla utilized xAI’s technology compared to its in-house developments. A potential even split of FSD revenue was reportedly discussed among xAI executives.

xAI, which Musk launched last year to compete with Microsoft-backed OpenAI, has raised concerns over whether Tesla’s resources might be used to support the AI startup. Musk mentioned that xAI could assist in advancing Tesla’s full self-driving capabilities and build the company’s new data center. He also suggested integrating xAI’s chatbot, Grok, with Tesla’s systems.

In July, Musk revealed that he and Tesla’s board would discuss a $5 billion investment in xAI, but no further details have been made public.

Read More
More from Articles
U.S. factory output rises 0.6% as global tensions disrupt supply chains

U.S. factory output rises 0.6% as global tensions disrupt supply chains

- May 15, 2026
On the Dash: Auto production remains a key growth driver, reinforcing the industry’s outsized impact on broader manufacturing performance. AI-related demand is increasingly supporting vehicle and tech production, helping offset...
CBT News heads to Washington, D.C., to host Auto Leadership Summit

CBT News heads to Washington, D.C., to host Auto Leadership Summit

- May 15, 2026
ATLANTA, Georgia (May 15, 2026)— CBT News, the auto dealer community’s No.1 resource for industry insights and news coverage, announced it will bring together the auto industry for the Auto...
BMW of North America introduces preferred pricing at IONNA charging network

BMW of North America introduces preferred pricing at IONNA charging network

- May 15, 2026
BMW and MINI drivers will receive discounted rates when charging at IONNA locations across the U.S. Access seamlessly enabled through Plug & Charge and the My BMW App Woodcliff Lake, N.J....
The Detroit Three cuts 20,000 salaried jobs, AI threatens to eliminate thousands more

Detroit Three cuts 20,000 salaried jobs, AI threatens to eliminate thousands more

- May 15, 2026
On the Dash: The Detroit Three have cut more than 20,000 salaried jobs from recent employment peaks. AI is now accelerating workforce reductions that began years before the technology emerged. ...
CBT News
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.