TESLA TO INVEST $2 BILLION IN ELON MUSK'S XAI, CANCEL TWO EV MODELS

Summary from the TLDR newsletter

Tesla entered into an agreement on January 16 to invest in xAI's Series E funding round. SpaceX also invested $2 billion in xAI. Tesla will end production for its Model S and Model X higher-end vehicles, as they have seen sluggish sales compared with other models. The Model X and S factory space will be used to manufacture Optimus robots.