Tesla investors have to follow what’s going on at CEO Elon Musk’s other companies. as Musk, himself, is a fundamental factor to be tracked.

The money behind Elon Musk’s trillion-dollar empire is increasingly flowing in one direction: toward artificial intelligence.

ARK Invest, the investment firm led by CEO Cathie Wood, last week unloaded crypto-focused shares worth $14.3 million to acquire $18.7 million in Tesla (Nasdaq: TSLA) stocks.

Tesla stock has forged a new valid base with a traditional buy point and Elon Musk said this about Tesla investment in xAI.