Tesla, Inc. (NASDAQ:TSLA) is one of the growth stocks that could double by 2027. On July 14, Elon Musk confirmed he is opposed to any merger involving the electric vehicle giant and artificial intelligence company xAI.
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The remark came in response to a question posted on the social networking platform X. It comes as the tech billionaire explores the future relationship between the two companies he owns. Musk has already affirmed he is open to a shareholder vote that will determine whether Tesla will invest in the AI company xAI.
Last year, Musk asked his followers on X whether Tesla should proceed with a $5 billion investment in xAI. A majority of the people said yes. Likewise, in March, Musk completed a merger between xAI and X in a deal that valued the AI company at $80 billion and the social network at $33 billion.
Tesla, Inc. (NASDAQ:TSLA) is a tech giant that designs, manufactures, and sells electric vehicles, energy generation and storage products, and related services. It is known for its electric cars, including the Model S, Model 3, Model X, and Model Y, as well as energy products such as the Powerwall and Megapack.
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Disclosure: None. This article is originally published at Insider Monkey.
