<div id="readability-page-1"><div><div><p><strong>Tesla Inc.</strong> <span>TSLA</span> on Friday said that it has received multiple shareholder proposals concerning the company's potential investment in <strong>Elon Musk's</strong> artificial intelligence startup, <strong>xAI</strong>.</p><p><strong>What Happened:</strong> In a statement shared on <strong>X</strong>, Tesla acknowledged growing shareholder interest in the proposed investment in <strong>Grok's</strong> parent company.</p><p>&#34;Thanks for your engagement in this shareholder proposal process! We have received a number of shareholder proposals on xAI,&#34; the company said.</p><p>Citing U.S. Securities and Exchange Commission rules, Tesla stated that it will &#34;include one properly submitted proposal on each topic&#34; in its annual proxy statement.</p><p>&#34;We would invite the shareholder who made the first proper submission on the topic to attend our shareholder meeting in person,&#34; the company added.</p><p><strong>Why It's Important:</strong> Tesla’s annual shareholder meeting is scheduled for Nov. 6, and the deadline for submitting proposals is July 31. Those interested in attending were advised to look out for Tesla's proxy for more details.</p><p>Musk previously ruled out a merger between Tesla and xAI but said a shareholder vote on a potential investment is being planned.</p><div><div><div><p>Trending Investment Opportunities</p></div></div></div><p>“It’s not up to me. If it was up to me, Tesla would have invested in xAI long ago. We will have a shareholder vote on the matter,” he stated in a statement earlier this month.</p><p>The xAI-related proposals arrive amid heightened scrutiny of Musk's cross-company dealings and AI ambitions. Earlier this year, xAI raised $10 billion in combined debt and equity financing and acquired social media platform X to bolster its chatbot Grok.</p><p><strong>Price Action:</strong> Tesla shares have declined 21.74% so far this year, but over the past 12 months, the stock has gained 43.50%. On Friday, the stock rose 3.52% during regular trading and ticked up another 0.52% in after-hours trading, according to Benzinga Pro.</p><p>Benzinga's Edge Stock Rankings show that while TSLA is experiencing short-term downward pressure, it maintains positive momentum over the medium and long term. The stock boasts a strong growth score, although its value rating remains on the lower side. Additional performance insights are available here.</p><ul> <li><strong>US Stocks Hit New Highs As Magnificent Seven Reach $19 Trillion: What's Moving Markets Friday?</strong></li> </ul><p><em>Photo courtesy: Shutterstock</em></p></div></div></div>

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<p>Tesla Inc. announced it will include a shareholder proposal regarding its potential investment in Elon Musk's AI startup, xAI, in its upcoming proxy statement. The decision follows multiple requests from shareholders, with the annual meeting set for Nov. 6. Musk indicated that while he supports the investment, the decision ultimately lies with shareholders. Tesla shares have seen a decline of 21.74% this year but gained 43.50% over the past 12 months, with a recent rise of 3.52% in regular trading.</p>

- Tesla Inc. has received multiple shareholder proposals regarding its potential investment in Elon Musk's AI startup, xAI, ahead of its annual shareholder meeting on November 6.  
- The company stated it will include one properly submitted proposal on each topic in its proxy statement and invited the first submitter to attend the meeting.  
- Despite Musk's previous dismissal of a merger, he indicated a shareholder vote on the investment is forthcoming, amid scrutiny of his business dealings and xAI's recent $10 billion funding.

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Elon Musk's Tesla To Include Shareholder Proposal On xAI Investment In Proxy After Receiving Multiple Requests