Elon Musk fires off X poll on whether Tesla should invest $5B in xAI (NASDAQ:TSLA)

Tesla (NASDAQ:TSLA) CEO Elon Musk introduced a poll on his social media X account on Monday night.

Musk asked if Tesla (TSLA) should invest $5B into @xAI, assuming the valuation is set by several credible outside investors. At 9:43 p.m, about 70.8% of the votes cast favored the xAI investment. Musk noted that board and shareholder approval would also be needed to make an investment of that magnitude.

During the post-earnings conference call, Musk was asked about diverting a sizable shipment of AI processors that had been reserved for Tesla (TSLA) to X.

On Wall Street, Morgan Stanley has weighed in on the Tesla (TSLA) earnings report. Analyst Adam Jonas said if investors exclude the restructuring charge and the ZEV surprise factor, the operating profit is above the consensus mark. He noted that the largely identical reiteration of language from the previous quarter’s outlook, including targeting the notably lower year-over-year growth. He thinks that will keep the consensus estimates little changed.

Shares of Tesla (TSLA) fell 7.75% in postmarket trading on volume of over 21 million shares.