Tesla “Shareholders Take Legal Action Against Elon Musk for Alleged Corporate Betrayal in Favor of xAI”
San Francisco, California – Tesla shareholders are taking legal action against CEO Elon Musk and members of the company’s board of directors. The lawsuit alleges that Musk’s decision to establish xAI, a competing AI company, has led to the diversion of resources and talent from Tesla to the new startup. The legal challenge represents a direct affront to Musk’s initiative to launch xAI, a move that occurred amidst his ultimatum to develop AI technologies outside …