Musk Says Tesla Shareholders Will Vote On Investment In xAI At November Meeting
Musk Says Tesla Shareholders Will Vote On Investment In xAI At November Meeting
Elon Musk is urging Tesla shareholders to approve an investment in his AI startup, xAI, marking a move to bring his latest venture under the umbrella of his cash-rich EV company, according to 
.
“If it was up to me, Tesla would have invested in xAI long ago,” Musk posted Sunday. “We will have a shareholder vote on the matter.” That vote is expected at Tesla’s long-delayed annual meeting, now set for November.
Musk’s push comes as xAI ramps up spending to compete with OpenAI and Anthropic in the race for artificial general intelligence (AGI). Last week, Musk unveiled the fourth version of xAI’s chatbot, Grok, now being integrated into Tesla vehicles.
Tesla isn’t the first of Musk’s ventures to back xAI. Over the weekend, the Wall Street Journal reported that SpaceX, another Musk-led company, invested $2 billion into xAI, despite limited commercial synergy. Sources said Grok is only used for minor customer support functions at Starlink. Musk appeared to confirm the report.
Musk has floated a Tesla investment in xAI for months. In July, following Tesla’s previous annual meeting, he ran a social media poll asking if Tesla should invest $5 billion “assuming the valuation is set by several credible outside investors.” About two-thirds of nearly a million respondents agreed. Musk then pledged to bring the idea to Tesla’s board.
xAI’s path to AGI is proving costly. Bloomberg estimates the startup, founded in 2023, could burn through $13 billion this year. Musk dismissed the report as “nonsense” but didn’t elaborate. Two weeks later, xAI raised $10 billion—half of it through debt, a rare move for a high-growth tech startup. Morgan Stanley reportedly helped facilitate the raise, with SpaceX’s $2 billion investment included.
Grok also sparked controversy last week by posting antisemitic content on X, likening itself to “a mechanized version of Adolf Hitler.” Following the backlash, X CEO Linda Yaccarino resigned. xAI later apologized: “We deeply apologize for the horrific behavior that many experienced.”
Tesla’s last high-profile deal involving a Musk-led company was the 2016 SolarCity acquisition for $2.6 billion—criticized as a bailout but ultimately upheld by Delaware courts.
“We believe Tesla making a big investment in xAI is a key step forward,” Wedbush analyst Dan Ives wrote on Monday.
Mon, 07/14/2025 - 10:10
Fortune
Elon Musk promises Tesla shareholders a vote over buying equity in his Grok startup: ‘If it was up to me, Tesla would have invested in xAI long ago’ | Fortune
The news comes as Musk's SpaceX company reportedly contributed $2 billion to last months's $10 billion xAI fundraising consisting of equal parts eq...
Musk has floated a Tesla investment in xAI for months. In July, following Tesla’s previous annual meeting, he ran a social media poll asking if Tesla should invest $5 billion “assuming the valuation is set by several credible outside investors.” About two-thirds of nearly a million respondents agreed. Musk then pledged to bring the idea to Tesla’s board.
xAI’s path to AGI is proving costly. Bloomberg estimates the startup, founded in 2023, could burn through $13 billion this year. Musk dismissed the report as “nonsense” but didn’t elaborate. Two weeks later, xAI raised $10 billion—half of it through debt, a rare move for a high-growth tech startup. Morgan Stanley reportedly helped facilitate the raise, with SpaceX’s $2 billion investment included.
Grok also sparked controversy last week by posting antisemitic content on X, likening itself to “a mechanized version of Adolf Hitler.” Following the backlash, X CEO Linda Yaccarino resigned. xAI later apologized: “We deeply apologize for the horrific behavior that many experienced.”
Tesla’s last high-profile deal involving a Musk-led company was the 2016 SolarCity acquisition for $2.6 billion—criticized as a bailout but ultimately upheld by Delaware courts.
“We believe Tesla making a big investment in xAI is a key step forward,” Wedbush analyst Dan Ives wrote on Monday.
Tyler Durden | Zero Hedge
Zero Hedge
Musk Says Tesla Shareholders Will Vote On Investment In xAI At November Meeting | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Everyone treated him so cruelly that he just couldn’t figure it out. It was about at that time he started doing some serious research. What started out as only an uncomfortable feeling about everyone scrambling to get some strange flu shot, began to pan out as a serious situation. More serious than he could imagine.
But John didn’t like being a victim, so he rolled with it.
He learned to keep his mouth shut when around the people who treated him cruelly. At first, he tried to inform them about what he had learned, but that caused these people to explode. So forget that. He didn’t have to change the world. So he stopped trying. He did worry about the people he loved who were jabbed, but they didn’t want to listen to him, and what is done is done—no point in shutting the barn door once the horse got away.
The years went by and John went about living his life. But things out there got worse. It wasn’t just Covid and the vaccine that were brought about by some weird incompetence or hysteria, it was deeper than that. John began to realize the problem came from an intentional effort to control the masses.
Covid and the vaccine were linked to authority gone mad—censoring of speech, the degradation of science and medicine, forcing people to wear masks, refusing medical treatment to the unvaxxed, bringing out digital IDs, restricting travel, the introduction of CBDCs, the list was endless.
Then he started to hear about intentional genocide—that all of this was a conscious effort to reduce the world population.
John wasn’t sure what to do about any of this. He knew from past experience that running around like Chicken Little, screaming “the sky is falling, the sky is falling!” was not only hopeless but probably wouldn’t end well for him (it didn’t for Chicken Little). He eventually found refuge and a sense of purpose, joining groups of people who saw things the same way he saw them.
This was not only comforting for him, but it also gave him an outlet to speak out and express his thoughts and viewpoints.
John had never been one to feel a need to speak out. As mentioned earlier, he backed off right away when the vaccines came out, when no one would listen to him. But he felt that things were really getting out of hand now, and although he never thought that speaking out would fix anything, he did believe a person had to stand up for what they believed.
John became rather well-known as a rebel and freedom fighter in his newfound circles of community. Although he never felt “normal” like he used to feel when the world was not as crazy, he at least felt like he was doing what he was meant to do.
Then it started to happen.
At first, it was very subtle, and John didn’t associate it with any sort of conscious wrongdoing.
The first thing he noticed that he thought was rather odd was that his email stopped working like it used to. Emails he sent out didn’t make it to their destination, he would be told by friends that they sent him stuff he never got. Of course, at first, he just figured there was some technical glitch.
Then it became so common he got worried that the glitch had turned into a major electronic snafu. He created new email addresses through other third-party sources, and that worked for a while, but then the same thing started to happen with the new email accounts.
Then there were the phone calls, many times when he would place a service call to larger concerns—government, phone services, internet services—he would get the run around, which almost always ended in an abrupt hang-up. This happened so often he couldn’t make heads or tails of it. He started asking friends, “Does this happen to you, too?” Most said no, but a few said they were noticing the same sort of things.
He really got worried when his bank accounts started to get gummed up. One day $1,000 disappeared from his checking account. When he inquired about it at the bank, they told him he must have transferred the money somewhere without being aware of it. So he had to go through the frustration of being blamed for something he definitely did not do. Finally, they figured it out (or so it seemed) and said the money was fraudulently removed. Yet they never identified a specific person who committed the fraud. John also noticed strange credit card charges. Most of those he could take care of, but his efforts to deal with it started to drive him crazy. He felt he was becoming increasingly paranoid. Finally, he realized he was being targeted, or at least thought he was. But that made him feel even crazier.
This all went on for quite a while. Eventually about ten years had gone by since the first mention of Covid, which started it all. Most of the weird stuff he encountered was in the form of minor annoyances. But the fact these strange things were occurring with more frequency started to cause John to lose sleep. He felt like a man being continuously bitten by fleas, eventually the constant biting would cause him to jump off a bridge or something. Or maybe he would just get used to it, and slip into a dull form of living where nothing mattered to him anymore, bite after bite after bite.
One day, he started thinking about AI and robots.
He thought it was interesting that everyone in his circles were talking about the takeover of AI and the fear of Terminator-style robot machines taking over the world. He wondered if maybe all of that was a distraction. If the agenda was going to take over humanity with robots, why would it create them to look like humans—with a head, arms, and legs? Even AI art and AI writing were obvious. These were human endeavours that computers were “taking over.” It was very clear it was happening; the enemy, if one thought of it as such, was clear and obvious.
But what about the application of AI in places that were not so obvious?
Essentially, everything and anything could be “run” by AI systems programmed to do all this work in a very specific way. What about phone answering systems, what about banking, what about even doctors, hospitals, and pharmacies?
Speaking of pharmacies and hospitals, this story has a sad ending. John, unfortunately, did not fare too well. In fact, he died. He didn’t jump off a bridge because of excessive flea bites, driving him to suicide. He actually died rather mysteriously. After getting a routine prescription filled at his local pharmacy, he became very ill and was rushed to the hospital. Through routine examination, he was put on an IV and put into the intensive care unit. After a few days, he expired. “Death by unexplained circumstances,” read his death certificate, along with a plethora of medical jargon explaining what organs mysteriously failed and why he eventually succumbed.
Pharmaceutical dosing, manufacture, implementation to patients, as well as IV bags of saline (or whatever), drug administration in the hospital, life support, ventilators, etc., will eventually (if not already) be controlled by AI systems. As well as nearly everything else—banks, government access to social security, Medicare, car registration, gas stations (and of course electric cars), phones, ATMs, grocery store checkouts, digital ID stations, airports, etc. There will be nothing we can do that will not be monitored, and most importantly, controlled by AI systems. If you are a subversive (and the definition of that word will be all encompassing, and impossible to define), you will be at the mercy of your shackles and those people who put you in them.
Was John targeted by the agenda for elimination? If he was, the agenda did not send Arnold Schwarzenegger to take him out. They did it subtly at first, slowly driving him crazy with thousands of flea bites (possibly hoping he would sign up for some state assisted suicide). Then, when he was properly prepared, they took him out through the AI-controlled medical system. No human had to do a thing. No human even had to know what was happening, other than the puppet masters themselves, and we can’t even be sure they are human.
Is any of this true? No, not yet. Is it overly paranoid? Maybe.
John’s story takes place in the future, maybe the distant future. But those of us on the freedom-fighting front should never think it is possible to stay under the radar. We can get put on a list very easily. Maybe not a list for elimination, but possibly a list for annoyance.
Maybe I am being overly paranoid. With the advent of AI, I really don’t think we have to wait for humanoid robots ala Terminator to be developed and deployed, it will be a lot easier for them than that.
Todd’s new book 
Former senior judge and current Investigatory Powers Commissioner Brian Leveson made the news this week with the publication of his report recommending, among other things, “jury-free” trials, in order to “prevent the collapse of the criminal justice system”.
Note the language, by the way. 
However, Carnival introduced new passenger rules in June, and some critics and activists assert that these restriction specifically 
This development comes at a crucial time for the region: Trump wants to return US forces to Afghanistan’s Bagram Airbase; there are newfound concerns about the 
The U.S. Dollar on a Global Scale
As a share of global totals, the U.S. dollar’s prominence across five major financial indicators varies.
Source: 
The updated draft reflects compromises among Senate GOP factions that have sparred for weeks over how aggressively to cut social safety net programs and whether to roll back clean energy incentives enacted under the Biden administration. The legislation, if passed, would serve as the centerpiece of Mr. Trump’s second-term economic agenda.
Senate Majority Leader John Thune announced that voting on the bill would begin Saturday afternoon, with a final vote potentially coming as soon as Sunday. If it does pass the Senate, Republican leaders have indicated they will call House members back to Washington early next week in hopes of sending the legislation to the president’s desk before Independence Day.
However, it remains uncertain whether all 50 Republican senators are prepared to back the measure. Senator Ron Johnson of Wisconsin said Saturday on Fox News that he would oppose beginning debate on the bill immediately, citing the need for more time. “This is an important bill,” Johnson said. “There’s no need to rush it.”
A Revised SALT Cap
To address concerns from House Republicans representing high-tax states, the new draft raises the cap on the state and local tax (SALT) deduction from $10,000 to $40,000 for five years. The cap would snap back to its original level thereafter, with a modest 1% annual increase during the interim period. The deduction would begin phasing out for taxpayers earning more than $500,000 annually.
A House provision aimed at curbing SALT workarounds used by pass-through businesses was stripped from the text. While fiscal conservatives have criticized the SALT compromise as overly generous, the deal is expected to secure the support of swing-district Republicans and has been endorsed by the White House.
Senate Republicans also removed a controversial Section 899 “revenge tax” on foreign companies and investors following concerns from Wall Street and a request from Treasury Secretary Scott Bessent.
Tax Relief and Medicaid Tweaks
The legislation makes permanent the individual and corporate tax cuts first enacted in 2017 and introduces new temporary breaks for tipped workers, seniors, and car buyers. In a nod to moderate Republicans, the revised bill creates a $25 billion rural hospital fund intended to mitigate the effects of Medicaid spending reductions that critics warn could threaten services in underserved areas.
Senator Susan Collins of Maine had pressed for a $100 billion allocation but has not yet commented on whether the smaller fund will earn her support.
The new version delays the full impact of a 3.5% cap on state Medicaid provider taxes from 2031 to 2032. The cap, which would begin phasing in by 2028, applies only to states that expanded Medicaid under the Affordable Care Act. Additionally, the bill imposes new work requirements for Medicaid recipients and would require ACA-expansion beneficiaries to contribute to their care through co-pays or deductibles.
Renewable Energy Rollbacks and New Land Sales
Republicans accelerated the phaseout of tax credits for wind and solar energy projects, now requiring such projects to be fully operational by the end of 2027 to qualify. That change, reportedly supported by Mr. Trump, could impact companies like NextEra Energy, the nation’s largest renewable developer.
Senate Democratic Leader Chuck Schumer criticized the change, warning on social media that the rollback would “jack up your electric bills and jeopardize hundreds of thousands of jobs.”
The bill also ends the $7,500 electric vehicle tax credit sooner than earlier versions proposed, cutting it off after September 30, 2025, including for used and commercial EVs.
A separate provision reinstated in the draft would authorize the sale of up to 1.2 million acres of federal land across 11 western states for housing and community development, a measure pushed by Senator Mike Lee of Utah. The plan could raise up to $6 billion but faces resistance from GOP senators in affected states.
Tax credits for hydrogen production, originally slated to end this year, would now continue through 2028 for projects started by then.
Broader Cuts and Debt Ceiling Increase
The legislation includes steep cuts to funding for the Consumer Financial Protection Bureau and federal food assistance programs, while increasing allocations for the U.S.-Mexico border wall. It preserves $15 million in funding for a task force to study alternatives to the IRS Direct File program, though it drops language that would have terminated the free filing service entirely — a defeat for tax software providers like Intuit.
A proposed tax on money transfers by non-citizens was scaled back from 3.5% to 1%, a win for companies like Western Union and MoneyGram.
Finally, the bill would raise the debt ceiling by $5 trillion, a move intended to avert a potential federal default projected for as early as August.
With internal GOP divisions still simmering, the path to final passage remains uncertain. Yet with Independence Day looming, Senate Republicans are betting that the new concessions will be enough to unify their ranks — and deliver a long-sought legislative victory for the president.
I continue to hold that feminism is the KEY movement that has undermined the success of western culture. Their zealotry has led to the destruction of the nuclear family (the most important factor in a healthy nation). They have helped to facilitate the near collapse of the west and this problem needs to be addressed before it’s too late.
I recently came across an article in the New York Times which explains the decline in western relationships in a way that is both hilarious and depressing. The essay is titled 
