Tesla has entered into an agreement to acquire an AI hardware company for up to $2.00 billion in Tesla common stock and equity awards, according to the company’s 10-Q filing made public on Thursday.
Approximately $1.8 billion of the total acquisition value is subject to certain service conditions and performance milestones dependent on the successful deployment of the company’s technology, the filing stated.
The agreement was entered into in April 2026. Tesla did not disclose the name of the AI hardware company being acquired in the filing.
