Wednesday, January 28, 2026 at 11:18 PM
Tesla announced a $2 billion investment in Elon Musk's xAI and the discontinuation of the Model S and Model X, as the company faces increased competition in the EV market.
The merger puts Elon Musk’s rocket and artificial-intelligence companies under one roof.
The billionaire is turning to his old playbook to keep his AI ambitions aloft.
When the company soon stops building the Model S, it will mark the end of arguably the most influential car of the modern era, long the lifeblood of the electric-vehicle maker.
The case, which focuses on Musk’s early financial support for OpenAI and its nonprofit status, is expected to go to trial in April.
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