Tesla shares jump after Elon Musk’s xAI secures $15bn funding deal

Tesla stock has climbed as markets reacted to reports that Elon Musk’s AI venture xAI is close to sealing a deal valuing the startup at around $230 billion.

The surge underscored growing investor confidence in the AI ecosystem Musk is building across Tesla, xAI, and his broader tech empire.

According to The Wall Street Journal, Musk’s roughly 50% stake in xAI could significantly boost his overall wealth once the funding is finalised.

Notably, Tesla shareholders recently backed a multibillion-dollar stock-option package for Musk, further tying the company’s long-term growth to his AI ambitions.

Investors weighed in on a non-binding vote about potential xAI investments, a signal of how closely the two companies’ futures are being watched.

However, analysts have cautioned that the financial impact on Tesla remains indirect for now.

Moreover, market strategists noted that the buzz around xAI is fueling the perception that Tesla is evolving from an automaker into a full-scale AI powerhouse.

With rising interest in self-driving systems and robotics, some believe deeper collaboration between Tesla and xAI is inevitable.