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Tesla Stock Rises on xAI Funding News, Shareholder Interest

Tesla Stock Rises on xAI Funding News, Shareholder Interest

Author:

Global Cryptocurrency

Published:

2025-11-20 13:12:02

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BTCCSquare news:

Tesla shares gained nearly 5% this week as investors reacted to news of Elon Musk's xAI securing $15 billion in funding at a $230 billion valuation. The electric vehicle maker's stock closed at $410.50 on November 20, up 2.3% in 24 hours.

Shareholders demonstrated strong interest in the AI connection during Tesla's annual meeting, with 1.1 billion votes favoring an advisory proposal about potential xAI investments. The funding round marks a significant jump from xAI's $110 billion valuation in March.

Meanwhile, Tesla continues expanding its mobility ecosystem, having secured a TNC permit in Arizona for a paid ride-hailing service. The market appears to be rewarding both Tesla's core business developments and its tangential exposure to Musk's AI ambitions.

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