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Stockreport

Venture Capital Firms Are Actually Considering Giving Elon Musk $6 Billion For xAI [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
As people close to the fundraising told The Information , Musk is closing in on a first-round fundraising deal with potential investors including Sequoia Capital, which invested $800 million into Twitter when he bought it back in 2022. The insiders did not specify how much Sequoia plans to commit or which other firms might be involved in the fundraising, but the Financial Times and Bloomberg have also confirmed that Sequoia is committed, with the FT reporting that Musk invited the companies to get in on the ground floor before others start investing. The deal, as Bloomberg notes, would bring xAI's valuation up to $18 billion, which is not much less than that of Anthropic, another OpenAI rival created by exiles from the company that's valued at around $18.4 billion following its third round of fundraising earlier this year. Copy Cat As Musk seeks to build out his OpenAI competitor, he has also made comments mimicking his other rival's attempts to enter the AI space. Earlier [Read more]
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Stockreport

Venture Capital Firms Are Actually Considering Giving Elon Musk $6 Billion For xAI [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
As people close to the fundraising told The Information , Musk is closing in on a first-round fundraising deal with potential investors including Sequoia Capital, which invested $800 million into Twitter when he bought it back in 2022. The insiders did not specify how much Sequoia plans to commit or which other firms might be involved in the fundraising, but the Financial Times and Bloomberg have also confirmed that Sequoia is committed, with the FT reporting that Musk invited the companies to get in on the ground floor before others start investing. The deal, as Bloomberg notes, would bring xAI's valuation up to $18 billion, which is not much less than that of Anthropic, another OpenAI rival created by exiles from the company that's valued at around $18.4 billion following its third round of fundraising earlier this year. Copy Cat As Musk seeks to build out his OpenAI competitor, he has also made comments mimicking his other rival's attempts to enter the AI space. Earlier [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS