Elon Musk ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the artificial intelligence startup by the automaker, in the latest step to deepen integration across his business empire.

CEO of Tesla Elon Musk said Monday he doesn't support a merger of his automotive company with his AI and technology company xAI, even though Tesla shareholders will vote on making an investment into xAI.

Elon Musk on Monday said he does not support a merger between xAI and Tesla. On X, Musk suggested that Tesla plans to ask shareholders whether Tesla should invest in xAI, however. Musk owns X, xAI and Tesla and is contemplating the future business relationship between them all.