Tesla CEO Elon Musk said on Monday that he does not support merging his electric vehicle company with his Artificial Intelligence (AI) firm, XE, after swimming last week by a leading analyst.
In response to a user on his social platform X, Tesla asked investors if he had supported the merger, the technical billionaire “no”.
He first seemed resistant to the idea given by Vesabash Securities Analyst Dan Ewes, who suggested last week that the Tesla Board could give the EV manufacturer to give a position by 25 percent to the mask’s voting stake for a possible merger with the XAI.
It came as part of a comprehensive proposal, also suggested that the board makes an incentive-powered salary package for musk, expecting the amount of time to spend in the company and establish a special committee to establish rules for its political efforts.
Ewes, which is a famous Tesla Bull, called the board to work after the announcement of Musk Launch your third party Is called America Party. Tech Mogul quickly returned to Ewes, writing in an X post, “Shut up, Dan.”
Tesla’s stock got stocked due to Musk’s decision to return to politics Fall Last week. The EV manufacturer is a year of one year so far, roughly as a result of its CEO political participation.
His role was weighed heavy on Tesla by the Department of Government Efficiency of Chief President Trump, which became a political symbol for Kasturi and his controversial cost-cut attempt.
Musk’s decision to move away from administration offered a brief repetition to investors. However, he soon started fighting publicly with the President over his comprehensive tax and spending bill.
While Musk was resistant to the idea of a merger, he appears eager to invest Tesla in Zai. He suggested on Sunday that Tesla would hold a shareholder vote on the matter, writing on X, “If it was above me, Tesla would have invested in Zai long ago.”
It comes as part of a broad push to promote its AI company. According to the Wall Street Journal, his aerospace company SpaceX has agreed to invest $ 2 billion in XA. Musk too Merged X and XAI in March.
