The lawsuit also accuses Musk of diverting Nvidia GPUs from Tesla to xAI, a claim supported by Nvidia emails revealed by CNBC. The complaint alleges that Musk exploited Tesla's information to pitch to potential xAI investors and that he intends to have xAI use Tesla's data without appropriate compensation. The lawsuit also criticizes Tesla's board for allowing Musk to create and grow xAI, which it claims hinders Tesla's AI development efforts and diverts billions of dollars in value from Tesla to xAI.
Key takeaways:
- Tesla shareholders have filed a lawsuit against Elon Musk, Tesla, and its board members, alleging that Musk's xAI venture has caused harm to Tesla by diverting resources and employees.
- The lawsuit accuses Musk of diverting Nvidia GPUs from Tesla to X and xAI, a claim recently confirmed by Nvidia emails revealed in a CNBC report.
- The shareholders are seeking financial damages for Tesla and the disgorging of Musk's equity stake in xAI to Tesla.
- The lawsuit also accuses Tesla's board of allowing Musk to grow xAI, thereby hindering Tesla's AI development efforts and diverting billions of dollars in value from Tesla to xAI.