Tesla Investors Are Suing Elon Musk for Creating Rival AI Company

Elon Musk is back in the news once again and this time, it's because Tesla investors are suing him for founding a new rival AI company. Tesla shareholders are arguing that by finding xAI, a direct competitor of Tesla, Musk is shifting resources away from the electric vehicles company to the startup and therefore, sees Musk breaching his fiduciary duties to the company. The plaintiffs are suing the board and Musk for knowingly moving the resources away to the competing AI company. The lawsuit has...