Musk Denies Tesla-xAI Revenue Sharing Deal
Musk Denies Tesla-xAI Revenue Sharing Deal
Musk Denies Tesla-xAI Revenue Sharing Deal
News summary

Elon Musk has refuted claims that Tesla and his AI startup xAI have discussed a revenue-sharing deal for using xAI's technology in Tesla's Full Self-Driving (FSD) software. Multiple sources, including The Wall Street Journal, reported that such a deal was being considered, involving an even split of revenue generated from Tesla's FSD services. Musk clarified on his social media platform X that while Tesla has benefited from discussions with xAI engineers, there is no need to license xAI's technology. This denial comes amid concerns from Tesla shareholders who have filed lawsuits alleging that resource allocation to xAI is detrimental to Tesla investors. Musk's cross-company resource sharing practices have previously raised questions about conflicts of interest.

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