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Mobility

Tesla finalises $2 billion AI hardware acquisition, keeps target undisclosed

Tesla has completed a previously undisclosed acquisition of an AI hardware company for $1.95 billion, largely paid in common stock and stock-based compensation. Only $222 million was recognised as acquired intangible assets, while $1.73 billion was set as contingent consideration linked to employee retention and performance milestones. Tesla did not disclose the target’s name or details. It said it would recognise costs for the contingent amount only if achievement becomes probable.

AI & Enterprise

Musk says overlap between Tesla and SpaceX is growing, mentions merger possibility

Elon Musk (일론 머스크) said there is growing overlap between Tesla and SpaceX and did not rule out a possible merger, while stressing there is no official plan. He made the comments during Tesla’s 2026 second-quarter results call. Tesla executives said cooperation has expanded through investments and framework agreements, with joint development focused on Terafab and Digital Optimus. Documents also cite an xAI investment converted into SpaceX shares and purchases of goods and services from Tesla.