XAI is estimated to have a valuation of 200 billion, Musk: Tesla's investment in XAI is decided by shareholders.

Elon Musk's AI company xAI is currently in discussions with external investors for a new round of funding, with a valuation target looking at $200 billion. Regarding rumors that TSL will heavily invest in xAI, Musk responded, "The final decision rests with TSL shareholders."

Does SpaceX invest in xAI? The decision lies with the TSL board and shareholders.

The Wall Street Journal pointed out on July 12 that Tesla's subsidiary SpaceX plans to invest 2 billion USD in xAI. Musk responded on Twitter on July 14: (X)

"Whether to let TSL invest in xAI is ultimately not up to me, but to be decided by the TSL board of directors and shareholders."

Founded xAI to join the AI battlefield, TSL has already supplied a large amount of support.

The world's largest generative AI model ChatGPT made its debut in 2022. In response to the global AI craze, Musk founded xAI in early 2023. By the end of 2023, Musk even conducted a poll on X, asking netizens whether TSL should invest $5 billion in xAI. He emphasized that this was just to gauge public opinion, and that a decision still needed to be made by the board and shareholders.

Afterward, Musk announced on March 29 of this year that xAI would acquire X through an all-stock transaction. In this deal, xAI was valued at 80 billion USD, while X was valued at 33 billion USD.

In fact, the financial reports also show that the two companies have long been closely collaborating. According to Tesla's 10-K report for the end of 2024, xAI procured nearly $200 million worth of services and products from Tesla in 2024, including a large energy storage device, Megapack, valued at $191 million, with the remainder being for consulting and technical support fees. This indicates that the business dealings between xAI and Tesla are quite frequent and of considerable scale.

Strengthen the deep integration of TSL and xAI to pump up the declining electric vehicle sales.

On July 10, Musk announced that TSL electric vehicles will integrate Grok.

However, just a few days after the announcement, Grok appeared on the X platform with anti-Semitic content, causing public controversy. Nevertheless, this integration demonstrates that the cooperation between TSL and xAI will deepen further and is seen as one of the strategies to address the decline in electric vehicle sales.

According to the TSL 2025 Q1 delivery report, electric vehicle sales for the first four months of 2025 were 418,300 units, a decline of 13.9% compared to the same period last year. Among them, the best-selling Model Y sales dropped from 331,400 units in the same period of 2024 to 243,800 units, a decrease of 26.4%. In response, some investors are looking forward to this integration to inject new growth momentum into TSL.

According to Bloomberg, xAI is currently in talks with external investors for fundraising, aiming for a valuation of up to 200 billion USD. The entire group (, including X), has also been merged into "XAI Holdings," moving towards a larger scale of capital integration.

This article estimates xAI's valuation at 200 billion USD, Musk: TSL's investment in xAI is decided by shareholders. First appeared in Chain News ABMedia.