Elon Musk is banking on the robotaxi to save Tesla from its current woes, which are characterized by an anemic demand environment and aggravated by the EV giant’s margin-eviscerating price cuts. Yet, in a development that axes Tesla’s entire autonomy-related narrative, Elon Musk has apparently diverted thousands of NVIDIA’s AI chips to X and xAI, costing Tesla billions of dollars in time value of autonomy-related efforts. As per the reporting by CNBC, Elon Musk diverted a “sizable shipment” of NVIDIA’s GPUs, worth around $500 million, away from Tesla and toward his own artificial intelligence-focused enterprise, xAI, as well as his […]
Read full article at https://wccftech.com/elon-musk-sets-back-tesla-by-billions-of-dollars-in-time-value-of-autonomy-related-efforts-by-diverting-chips-to-x-and-xai/
