News First | North America

Tesla invests $2 billion in Musk’s xAI and reiterates Cybercab production starts this year 

29 January 2026, 8:46 am
1 min read
FILE PHOTO: A view shows a Tesla logo at a charging station in Mumbai, India, August 4, 2025. REUTERS/Francis Mascarenhas/File Photo

Reuters beat the competition by more than five and a half minutes when Tesla announced a $2 billion investment in AI developer xAI. We were also more than eight minutes ahead on the carmaker reiterating production plans for its Cybercab robotaxi, and comfortably ahead on its quarterly results. Tesla shares rose more than 4% in aftermarket trading. 

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