Tesla quietly closes its secret ~$2 billion AI hardware deal

Tesla has closed the mysterious ~$2 billion acquisition of an AI hardware company that it first hinted at in April — and it did so, again, without naming the target or issuing a press release.

The deal was confirmed in a single passage buried in Tesla’s Q2 2026 10-Q filing, which for the first time attached a final price: $1.95 billion, paid entirely in Tesla stock and equity awards.