Elon Musk is on course to become the first trillionaire in the world by 2027, according to a report from Informa Connect Academy. With a net worth of US$251 billion (£191 billion), Musk is currently the world's richest person.
Elon Musk has denied a report that one of his companies, Tesla, has discussed sharing revenue with another of his companies, xAI, so that it can use to the startup's AI models.
Elon Musk's xAI has discussed a deal in which Tesla would share future revenue from FSD and more in exchange for using its AI models, The Wall Street Journal reported.
Autonomous driving technology is a key catalyst many companies have touted as the key rationale as to why investors may want to consider piling into already-expensive stocks.
Consumer interest in EVs is waning as the logistical challenges of owning them become clear. These challenges include limited driving range and the potential inability to recharge them as needed.
Elon Musk's AI startup xAI has discussed a deal that would give it some revenue from Musk's Tesla in exchange for providing the electric vehicle maker access to its technology and resources, the Wall Street Journal reported on Saturday.
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