Tesla: to buy AI hardware company for up to $2B in Tesla common stock and equity awards
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(Updated - April 23, 2026 6:09 AM EDT)
From the company's 10-Q filing made public on Thursday:
In April 2026, the Company entered into an agreement to acquire an AI hardware company for up to $2.00 billion in Tesla common stock and equity awards, of which approximately $1.8 billion is subject to certain service conditions and/or performance milestones dependent on the successful deployment of the company's technology.
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