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Musk announces xAI re-org following co-founder departures, SpaceX merger [CNBC]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Two xAI co-founders announced they were leaving the company this week. Musk did not specify how many employees were cut or which employees left of their own volition. Last week, Musk announced an all-stock transaction in which SpaceX, the aerospace and defense juggernaut, acquired xAI, which owns and operates social network X and is the developer of Grok. Elon Musk, chief executive officer of Tesla Inc., during the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 22, 2026. The annual Davos gathering of political leaders, top executives and celebrities runs from Jan. 19-23. Photographer: Krisztian Bocsi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images SpaceX CEO Elon Musk on Wednesday announced the the company's xAI artificial intelligence venture implemented a reorganization that “required parting ways with some people.” The overhaul was done “to improve speed of execution,” Musk said in a post on X. He did not say which employees may have
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