Tesla agreed to acquire an unnamed AI hardware company for up to $2 billion in stock and equity awards, according to a single sentence buried in its Q1 2026 10-Q filing. The company never mentioned the deal in its shareholders’ letter or during last night’s earnings call.
The disclosure appeared in Note 14 — Subsequent Events, the very last note in the financial statements, in what may be the most expensive one-sentence disclosure Tesla has ever made.
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