Tesla: to buy AI hardware company for up to $2B in Tesla common stock and equity awards
From the company's 10-Q filing made public on Thursday:
In April 2026, the Company entered into an agreement to acquire an AI hardware company for up to $2.00 billion in Tesla common stock and equity awards, of which approximately $1.8 billion is subject to certain service conditions and/or performance milestones dependent on the successful deployment of the company's technology.