PANews January 29 news, according to Global Market Broadcast, Tesla announced on Wednesday that it will invest $2 billion in CEO Elon Musk's artificial intelligence company xAI, and stated that the production plan for its Cybercab robot taxi will proceed as scheduled this year. This news supports Musk's plan to transform Tesla from an electric vehicle manufacturer into an artificial intelligence company, which is also key to the company's valuation of about $1.5 trillion.

Tesla's Chief Financial Officer Vaibhav Taneja stated that Tesla is also accelerating the production of humanoid robots, which is part of a series of factory investments, and this year's capital expenditures will exceed $20 billion. This figure is more than double the $8.5 billion projected for 2025.