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Tesla acquires AI hardware company amid AI, robotics efforts [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Tesla's Gigafactory, Texas, outside Austin as seen on April 2, 2024. The Austin-based automaker disclosed an agreement in April 2026 to acquire an AI hardware company in a deal valued at $2 billion in Tesla stock and equity awards. (Jay Janner / American-Statesman) After touting its artificial intelligence efforts during its latest earnings report , Tesla Inc. appears to be investing even more in artificial intelligence. The Austin automaker agreed this month to acquire an unnamed AI hardware company for up to $2 billion in Tesla common stock and equity awards, according to a filing with the Securities and Exchange Commission. Approximately $1.8 billion is subject to certain service conditions and the successful deployment of the company's technology, the filing said. Tesla did not respond to a request for comment on the deal, and it's unclear what the company intends to use the hardware for. Tesla's recent AI initiatives include completing the final chip design of its next-gen
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