Tesla will give its shareholders the option to invest in artificial intelligence startup xAI, billionaire owner of both companies Elon Musk said on his social media platform X.

Elon Musk hints at allowing Tesla shareholders to invest in his AI venture, xAI, subject to a shareholder vote. SpaceX is also set to invest $2 billion in xAI, aiming for a valuation of up to $200 billion.

Investing.com-- Elon Musk said Tesla (NASDAQ: TSLA) will hold a shareholder vote on whether the electric car maker will invest in his artificial intelligence start-up xAI, with Musk stating that the decision was not up to him.