Tech billionaire Elon Musk said he would like Tesla to invest in his artificial intelligence company xAI.

While Musk is considering the relationship between several of his businesses, he said on X that he does not support a merger between Tesla and xAI.

“If it was up to me, Tesla would have invested in xAI long ago,” Musk wrote on X on Sunday. “We will have a shareholder vote on the matter.”

xAI is the company behind the controversial chatbot Grok, which is available on X and also used in Teslas delivered on or after July 12. Grok came under fire earlier this month for praising Adolf Hitler and making antisemitic comments.

The AI company apologized for the chatbot’s behavior, saying that a coding problem temporarily made Grok susceptible to extremist views posted on X.

Earlier, Grok had contradicted itself while sharing information about the deadly flash floods that killed at least 130 people in Texas this month. The bot blamed President Trump for the flooding, but then backtracked and understated the death toll.

Musk is scrambling to keep up in the AI race after helping launch OpenAI with Sam Altman in 2015, the company behind the wildly popular chatbot ChatGPT, which helped spur on the current AI craze. Musk left OpenAI in 2018 and is now entangled in legal battles with the company.

In March, xAI acquired X in an all-stock transaction that valued the artificial intelligence company at $80 billion and the social media platform at $33 billion.

Musk scored a victory for Grok on Monday, when xAI announced “Grok for Government” and a contract with the U.S. Department of Defense.

After a disruptive stint in the Trump administration that sent Tesla shares stumbling, Musk formally stepped down from his role in the federal government in May. He has since been feuding with the president, further risking Tesla’s reputation, according to some experts.

Tesla shares rose slightly Monday after Musk’s posts about Tesla’s possible investment in xAI. The shares have fallen more than 16% this year. The company’s profit plunged 71% in the first quarter.

Tesla delivered 384,122 vehicles in the second quarter through June, down 13% from 443,956 deliveries a year ago.

Its shares rose more than 1% Monday.

Tesla shares fell close to 7% Monday after Elon Musk announced plans to form his own political party, sparking concerns he will become further distracted by politics despite a tumultuous stint in the Trump administration.

During a feud with President Trump over his spending bill, the Tesla chief executive wrote on his social media site, X, that he is starting what he called the America Party. Once close allies, Trump and Musk have recently been clashing over policy and traded jabs on social media.

“When it comes to bankrupting our country with waste and graft, we live in a one-party system, not a democracy,” Musk wrote on X over the weekend. “The America Party is formed to give you back your freedom.”

Whether aligned with Trump or against him, Musk’s involvement with politics has alienated some investors who think his political maneuvering has distracted him from focusing on Tesla’s success.

Tesla shares have fallen more than 22% this year as Musk spent several months at the helm of the White House advisory team called the Department of Government Efficiency. The company’s profit plunged 71% in the first quarter and vehicle sales dropped year over year.

Many of Musk’s liberal-leaning customers now denounce the brand in response to his role in the White House. Some celebrities even made a statement by ditching their Teslas. The resale value of used Teslas plummeted early this year, indicating a possible decrease in demand.

Investors breathed a sigh of relief in May when Musk officially stepped down from his job in the federal government, but the subsequent fallout with Trump has continued to damage his company’s reputation.

Musk’s latest move to establish his own political party suggests the tech billionaire is not backing down from a high-profile role in Washington.

“I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” Trump wrote on Truth Social on Sunday. “He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States.”

Wedbush Securities analyst Dan Ives predicted that 5% to 10% of the brand damage sustained during Musk’s time in the White House will be permanent. The impact spread outside the U.S. to Europe, where monthly sales in 32 countries fell nearly 50% in April.

“Tesla shareholders are exhausted,” Ives said in an interview Monday. “They need him to focus on Tesla. It’s a soap opera that doesn’t feel like it’s ending anytime soon.”

Tesla shares closed Monday at $293, down 6.7%.