Tesla is set to roll out the Grok AI assistant, developed by xAI, in vehicles next week, bringing voice-controlled navigation, real-time responses, and improved in-car interaction, while prioritizing safety and reducing driver distraction.

Tesla stock rose Monday morning after CEO Elon Musk said Tesla should be able to invest in his xAI startup pending a shareholder vote. This would be another instance of the “Muskonomy” at play, where Musk’s companies become more financially intertwined,

Investments into xAI would help Grok better compete with OpenAI's ChatGPT by increasing capital toward research and development.

Should Tesla invest in Elon Musk's AI company, xAI? Seeking Alpha analyst Livy Investment Research weighs in. Read more here.

The new hires are joining OpenAI’s scaling team, according to an internal Slack message sent by cofounder Greg Brockman.

Tesla is slated to post second-quarter earnings after the market closes on Wednesday, with analysts expecting the electric vehicle giant to report declining revenue and profits.

Tesla’s financial position is getting worse, as the fallout continues from CEO Elon Musk’s politics. The electric automaker reported Wednesday that both revenue and profits fell in the second quarter of the year compared to a year earlier.

Tesla's earnings are due today with an investor call at 5:30 p.m. ET. Elon Musk's politics have rocked TSLA stock, with shares down 18% YTD.