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Elon Musk Sets Back Tesla By Billions Of Dollars In Time Value Of Autonomy-Related Efforts By Diverting Chips To X And xAI

NewsTech

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Elon Musk Tesla

Elon Musk is banking on the robotaxi to save Tesla from its current woes, which are characterized by an anemic demand environment and aggravated by the EV giant's margin-eviscerating price cuts. Yet, in a development that axes Tesla's entire autonomy-related narrative, Elon Musk has apparently diverted thousands of NVIDIA's AI chips to X and xAI, costing Tesla billions of dollars in time value of autonomy-related efforts. As per the reporting by CNBC, Elon Musk diverted a "sizable shipment" of NVIDIA's GPUs, worth around $500 million, away from Tesla and toward his own artificial intelligence-focused enterprise, xAI, as well as his […]

Read full article at https://wccftech.com/elon-musk-sets-back-tesla-by-billions-of-dollars-in-time-value-of-autonomy-related-efforts-by-diverting-chips-to-x-and-xai/

WccftechContinue reading/original-link]

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