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Musk's xAI is negotiating for financing of 20 billion US dollars, with an estimated valuation exceeding 120 billion US dollars.
Musk's XAI is seeking $20 billion in funding for its newly merged AI startup and Social Media business. If successful, it will raise the company valuation to over $120 billion. This would also become the second-largest funding round for a startup in history, second only to OpenAI's $40 billion funding earlier this year.
Options Market Statistics: Tesla Jumps 9.8% on U.S. Push for Self-Driving Cars ; Options Pop
Uncertainty over tariffs suppresses the rise of U.S. stocks, Technology stocks provide support, Tesla surges nearly 10%, Gold retreats over 1%, and the overall trend falls for the week.
After Trump's "change of heart," the three major stock indexes rose for four consecutive days; NVIDIA's shares increased by more than 4%, and Tesla rose by 18% over the week; Google's strong performance initially saw a rise of over 4%, but most of the gains were later given back; the Chinese concept index halted three-day gains but rose over 7% for the week. The USD experienced its first weekly increase in over a month. Bitcoin once surged nearly $3,000, breaking through the $0.095 million mark. Gold saw its first weekly decline since the announcement of reciprocal tariffs. U.S. oil fell over 2% for the week.
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Tesla surged 10%, with the market speculating that new cars will be launched in India, and the Trump administration will ease regulations on autonomous driving.
Media reports suggest that the Trump administration will ease regulations on autonomous driving, with new rules directly impacting Tesla's demand core. Additionally, Tesla has refunded early reservation users in India, sparking market speculation that Musk will launch new cars in India. Tesla's shares rose over 10% during the day, closing up 9.8%.
Alphabet Analysts Say AI Opportunity Not Reflected In Stock Price, Welcome Break Up Attempts: 'GOOGL Is Worth More In Pieces'
