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

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Source: Business Insider
Elon Musk Diverts $500M in Nvidia Chips from Tesla to X
Photo: Business Insider
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.

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