In Tesla's annual financial filing, the company said that last year it sold $430 million worth of its energy storage products to xAI, Elon Musk's AI startup.

A proposed merger between Elon Musk's SpaceX and xAI, reported exclusively by Reuters on Thursday, could give fresh momentum to Musk's plan to launch satellite data centers into orbit as he battles for supremacy in the rapidly escalating AI race against tech giants like Alphabet's Google,

The investigation will assess whether X "properly assessed and mitigated risks associated with the deployment of Grok's functionalities into X in the EU."

Memory is a bigger limiter” than AI logic as companies push to develop artificial intelligence and put it to work in devices such as robots, said Elon Musk on his company's earnings conference call. That could move shares of Micron Technology and other producers of memory on Thursday.

Jan 29 (Reuters) - Elon Musk's SpaceX is considering a potential merger with Tesla, as well as an alternative combination with artificial-intelligence firm xAI, Bloomberg News reported on Thursday, citing people familiar with the matter.

Tesla's first annual revenue drop signals a major shift as Elon Musk ends key car models and pivots the company towards AI and humanoid robots.