Earnings Roundup: Tesla Plans Big xAI Investment, Meta Soars, Microsoft Drops
On this episode of Stock Movers, we focus on earnings from three major tech companies:- Tesla (TSLA) plans to invest about $2 billion into xAI, giving Elon Musk’s artificial-intelligence startup a cash infusion despite a shareholder vote last year that failed to win approval. The automaker entered into an agreement this month to acquire preferred shares as part of xAI’s latest funding round, Tesla said Wednesday in a statement with fourth-quarter results. The companies also entered into a “framework agreement” to strengthen their relationship and “enhance…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.