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- Tesla gets multiple shareholder proposals related to investment in xAI</p>
<p>July 25, 2025 at 5:23 PM</p>
<p>(Reuters) -Tesla said on Friday it had received a number of shareholder proposals regarding the company's plan to invest in CEO Elon Musk's artificial intelligence startup xAI.</p>
<p>Musk ruled out a merger between Tesla and xAI earlier in July, but said he planned to hold a shareholder vote on investment in the startup by the automaker.</p>
<p>The proposals come amid significant funding activity for xAI this year. The startup completed a $5 billion debt raise alongside a separate $5 billion strategic equity investment, Morgan Stanley said last month.</p>
<p>Musk has pursued an integration strategy across his business empire, with xAI acquiring social media platform X in March for $33 billion to enhance its chatbot training capabilities, while also integrating the Grok chatbot into Tesla vehicles.</p>
<p>The potential investment discussion comes as Tesla faces various challenges, including Musk's political activities, which have impacted demand for its electric vehicles and triggered a 22% drop in its shares this year.</p>
<p>"Shareholders are welcome to put forward any shareholder proposals they'd like," Musk said on Tesla's quarterly earnings call on Wednesday.</p>
<p>Tesla, which will hold its annual shareholder meeting on November 6, said it would only include one proposal on each topic in its proxy statement, in accordance with the SEC rules.</p>
<p>Earlier this month, the board set July 31 as the deadline for the submission of shareholder proposals to be included in the proxy statement.</p>
<p>(Reporting by Akash Sriram in Bengaluru; Editing by Devika Syamnath and Anil D'Silva)</p>
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