Tesla Announces $2 Billion Investment in xAI and Phases Out Older Vehicle Models
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Tesla has announced a $2 billion investment in xAI, the artificial intelligence company led by its CEO Elon Musk. The company also stated that it will discontinue production of its two oldest models. These announcements come amid a decline in automotive profits, though no specific details were provided regarding the financial or operational impacts. No specific implementation timeline has been communicated.