Tesla backs Musk's xAI with $2 billion, keeps Cybercab on 2026 track

AUSTIN, Texas: Tesla said it will invest US$2 billion in Chief Executive Elon Musk's artificial intelligence startup xAI, underscoring the company's push to reposition itself as an AI and robotics leader as it prepares to begin production of its Cybercab robotaxi later this year.

The announcement supports Musk's long-stated vision of shifting Tesla beyond electric vehicles toward autonomy, robotics, and software