The post Tesla (TSLA) Stock Jumps Following xAI’s $15 Billion Fundraising Round appeared on BitcoinEthereumNews.com.

TLDR Tesla shares reached $410.50 on November 20, gaining 2.3% after xAI fundraising news emerged Musk’s xAI is securing $15 billion at a $230 billion valuation, nearly double its March value Tesla shareholders cast 1.1 billion votes supporting a potential xAI investment during their annual meeting The stock closed Wednesday at $403.99, up 0.7% as AI-related optimism lifted shares Arizona granted Tesla a TNC permit for paid ride-hailing services with required safety drivers Tesla shares climbed this week after reports surfaced about Elon Musk’s AI company raising capital. The stock gained momentum as investors evaluated the potential connections between the two ventures. Shares hit $410.50 on November 20, representing a 2.3% increase over 24 hours. The Wednesday session saw the stock close at $403.99, up 0.7%. Tesla, Inc., TSLA xAI is raising $15 billion in fresh funding according to The Wall Street Journal. The round values the AI startup at approximately $230 billion. That marks a substantial increase from the $110 billion valuation xAI carried in March. The company completed a merger with Musk’s X platform earlier in the year. Musk holds roughly 50% ownership in xAI. The new valuation could boost his net worth by $50 billion to $60 billion. During Tesla’s November 6 shareholder meeting, investors weighed in on a potential xAI investment. The advisory measure received 1.1 billion supporting votes against 916 million opposed. While non-binding, the vote demonstrates shareholder interest in xAI’s trajectory. The overlap between both companies’ AI ambitions makes the relationship noteworthy. Technical Analysis Shows Mixed Signals The 50-day moving average sits at $402 and has begun trending upward. However, the 200-day moving average near $435 continues blocking upside progress. The stock’s 52-week range spans $214.25 to $488.54. Current pricing places shares near the middle of that spectrum. Volume increased during the recent rally,…

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Filed under: News - @ November 20, 2025 4:28 pm