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Tesla Shareholders Reject xAI Investment Proposal Despite Stock Surge

Tesla Shareholders Reject xAI Investment Proposal Despite Stock Surge

Author:

Global Cryptocurrency

Published:

2025-11-10 20:08:02

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BTCCSquare news:

Tesla's shareholders voted against a proposal to invest in Elon Musk's private AI startup, xAI, despite the electric vehicle maker's stock climbing over 4% in Monday trading. The proposal garnered 1.06 billion votes in favor but was ultimately defeated due to Tesla's bylaws counting abstentions—over 473 million—as votes against.

The nonbinding vote serves as a temperature check for investor sentiment. While the measure failed on a technicality, the narrow margin suggests the door remains open for future AI-related ventures. Tesla's attempt to diversify beyond automotive manufacturing continues to spark debate about its Core mission.

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