A group of Tesla investors, Elon MuskHe filed a lawsuit against Tesla for directing its resources to an artificial intelligence company called xAI.
Another group of investors filed a similar lawsuit recently. Investors claimed that Musk’s move harmed Tesla.
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In the new lawsuit filed in the Delaware Chancery Court, issues such as the transition of Tesla artificial intelligence employees to xAI and the use of Tesla’s microchips for xAI and X were brought to the agenda.
Moreover TeslaIt was stated that ‘s data was used in xAI’s software and hardware development. Investors are demanding financial compensation to Tesla and the transfer of Musk’s equity stake in xAI to Tesla.
The allegations are not limited to these. By allowing Musk to found xAI, Tesla’s board allegedly undermined Tesla’s efforts to develop artificial intelligence and diverted billions of dollars of value from Tesla to xAI. This inaction of the board of directors is considered contrary to its obligation to protect the interests of its shareholders.
Tesla and Elon Musk have not made a statement regarding these allegations and the lawsuit, but new investors may join the plaintiff side in this case in the future.
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So what do you think about this issue? You can share your thoughts with us in the comments section below.
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