Tesla also scrapped its mission to 'accelerate the transition to sustainable energy' with a new goal of building 'a world of amazing abundance'

By Akash Sriram and Abhirup Roy Jan 28 (Reuters) - Tesla said on Wednesday it will invest $2 billion in CEO Elon Musk's artificial-intelligence company xAI - and that production plans for its Cybercab robotaxi were on track for this year.

The investigation will assess whether X "properly assessed and mitigated risks associated with the deployment of Grok's functionalities into X in the EU."

Advertisers have been fleeing the platform since Musk acquired what was then Twitter in 2022.

Elon Musk's stock-fueled gains highlight the booming compensation and wealth gains of CEOs in recent decades.

Musk's Grokipedia has justified slavery and cited white supremacist websites. Now, AI chatbots are using it as a source.

There’s a popular saying among fans of tech billionaire Elon Musk: Never bet against him

Elon Musk hurled insults at Vinod Khosla after the VC founder accused Musk of promoting racism and urged some of Musk's employees to quit.

The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.

Elon Musk takes a swipe at Donald Trump’s “Board of Peace” by making a Greenland reference. Musk made his first appearance at the World Economic Forum in Davos. However, he couldn’t resist taking a dig at his former ally and charmed everyone with his quick wit and unabashed sense of humor.

Tesla also announced plans to end production of its Model S and Model X vehicles. It will now use the manufacturing plant in California that made those cars to produce its line of humanoid robots - known as Optimus.