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Tesla to Acquire AI Hardware Company for Up to $2 Billion

GateNews
StocksAI Industry News

Gate News message, April 23 — Tesla announced on April 23 that it has agreed to acquire an artificial intelligence hardware company for up to $2 billion in Tesla common stock and equity awards.

Approximately $1.8 billion of the total acquisition price is contingent upon the successful deployment of the company's technology and subject to certain service conditions and/or performance milestones. The acquiring company's name was not disclosed in the announcement.

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