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Tesla investing in xAI: the good, the bad, the ugly

Elon Musk Tesla Money hero

While Tesla shareholders are focused on giving Elon Musk a huge CEO compensation package, there’s a potentially even more impactful proposal that is sneaking through: Tesla investing in Musk’s xAI.

Here are the pros and cons of this controversial proposal.

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Tesla (TSLA) is down 22% in Europe while EVs were up 30%

The latest automotive numbers in Europe were released for August, confirming that Tesla’s decline is continuing, but it has slowed down, with the company “only” being down 22%.

However, the most worrying part for Tesla is that it is happening while battery-electric vehicle sales were up 30% last month.

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Tesla settles another fatal Autopilot crash before it gets to trial

Tesla has agreed to settle another wrongful death lawsuit from a fatal crash involving Autopilot before the case could get to trial later this year.

It’s one of many lawsuits involving several crashes involving Tesla’s advanced driver assistance systems (ADAS), Autopilot and Full Self-Driving (Supervised), after the floodgates were open following a watershed trial.

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