Tesla is slated to post second-quarter earnings after the market closes on Wednesday, with analysts expecting the electric vehicle giant to report declining revenue and profits.

Tesla is set to roll out the Grok AI assistant, developed by xAI, in vehicles next week, bringing voice-controlled navigation, real-time responses, and improved in-car interaction, while prioritizing safety and reducing driver distraction.

Tesla stock rose Monday morning after CEO Elon Musk said Tesla should be able to invest in his xAI startup pending a shareholder vote. This would be another instance of the “Muskonomy” at play, where Musk’s companies become more financially intertwined,

Investments into xAI would help Grok better compete with OpenAI's ChatGPT by increasing capital toward research and development.

Tesla’s financial position is getting worse, as the fallout continues from CEO Elon Musk’s politics. The electric automaker reported Wednesday that both revenue and profits fell in the second quarter of the year compared to a year earlier.

Tesla's earnings are due today with an investor call at 5:30 p.m. ET. Elon Musk's politics have rocked TSLA stock, with shares down 18% YTD.

Elon Musk is reportedly seeking up to $12 billion, just weeks after raising $10 billion for xAI to stay competitive in the costly AI race. Insiders say xAI has partnered with Valor Equity Partners, led by Antonio Gracias,

Elon Musk says his AI startup xAI is working on a new application focused on child-safe content, to be called ‘Baby Grok’. The Tesla CEO made the announcement via a post on X but offered no further details on a release date or features.