Loading...
Market
Tesla's stock price change by end of 2024 due to AI chip diversion?
5
Resolution / Starting Odds
Increase by more than 10% • 33%
Decrease by more than 10% • 33%
No significant change (within ±10%) • 34%
Stock market data from financial platforms like Bloomberg, Yahoo Finance
Story
Elon Musk Diverts $500 Million Nvidia AI Chips from Tesla to X and xAI: CNBC
Jun 4, 2024, 01:06 PM
Elon Musk has ordered Nvidia to prioritize the shipment of thousands of AI chips initially reserved for Tesla to his other ventures, X (formerly Twitter) and xAI. This decision, reported by CNBC, has significant implications for Tesla, delaying the company's receipt of over $500 million worth of processors by several months. Emails obtained by CNBC reveal that 12,000 AI chips were redirected. The diverted AI chips are expected to benefit both X and xAI, potentially enhancing their technological capabilities. The move has sparked discussions about Musk's fiduciary duties and the impact on Tesla's shareholders, who are set to vote on a $56 billion pay package for Musk.
View original story
Similar markets
Increased > 20% • 33%
Decreased > 20% • 33%
Changed < 20% • 33%
20% increase or more • 25%
10-20% increase • 25%
0-10% increase • 25%
No increase or decrease • 25%
Increase by 10% or more • 33%
No significant change (within ±10%) • 34%
Decrease by 10% or more • 33%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Increase over 10% • 25%
Increase under 10% • 25%
Decrease under 10% • 25%
Decrease over 10% • 25%
Increase by more than 10% • 33%
Remain within ±10% • 33%
Decrease by more than 10% • 33%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Stock increases by more than 10% • 25%
Stock increases by less than 10% • 25%
Stock decreases by less than 10% • 25%
Stock decreases by more than 10% • 25%
Significant stock price increase • 33%
No significant change • 34%
Stock price decline • 33%
Increase • 33%
Decrease • 33%
No significant change • 34%