Tesla has announced a $2 billion investment in xAI, the artificial intelligence company owned by billionaire Elon Musk, as part of its broader shift toward advanced technology integration.
Operative Information Center-OMM reports, citing foreign media, that this move aligns with Musk's strategy to transform Tesla from a pure electric vehicle manufacturer into an AI-driven enterprise. This strategic pivot is projected to potentially increase the company's market capitalization by $1.5 trillion.
Tesla's Chief Financial Officer Vaibhav Taneja confirmed that the company is proceeding with the production of the "Cybercab" robotaxi as planned for this year. Taneja further noted that Tesla is scaling up the production of humanoid robots, with total capital expenditures expected to exceed $20 billion this year. This investment significantly surpasses the $8.5 billion initially planned for 2025, highlighting Tesla's aggressive expansion into the fields of artificial intelligence and robotics.
The announcement comes as Tesla faces shifting financial dynamics; the company's 2025 revenue decreased by 3% to approximately $94.83 billion, marking its first annual revenue decline. To maintain production volumes, Tesla has relied on discounts and more affordable versions of its top-selling models. Despite these challenges, Wall Street analysts forecast that the company will deliver 1.77 million vehicles in 2026, representing an 8.2% increase compared to the previous year.
The investment in xAI is seen as a critical step in securing the computational and algorithmic resources necessary for Tesla's autonomous driving and robotic ambitions. As the global automotive industry increasingly shifts toward software-defined vehicles, such partnerships are becoming vital for maintaining a competitive edge in the rapidly evolving tech landscape.
