Elon Musk Diverts $500M in Nvidia Chips from Tesla to X

TL;DR Summary
Elon Musk redirected $500 million worth of Nvidia AI processors originally intended for Tesla to his social media platform X, according to internal Nvidia emails. This move could delay Tesla's AI and self-driving car projects, raising concerns among shareholders about Musk's commitment to the EV company. Musk defended the decision, stating Tesla had no immediate use for the chips and that they would be redirected back to Tesla later. The news comes amid ongoing tensions over Musk's proposed $55 billion pay package and his influence over Tesla's board.
- Elon Musk sent $500 million of Nvidia chips intended for Tesla to X Business Insider
- Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI CNBC
- Musk Gives Explanation for Why Chips Diverted From Tesla to X Yahoo Finance
- Tesla likely to spend $3 bln-$4 bln on Nvidia hardware this year Reuters
- Elon Musk asked Nvidia to prioritize GPU shipments to X over Tesla, emails reveal Electrek.co
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