Tesla shareholders filed a lawsuit against CEO Elon Musk and other executives on June 13, alleging that Musk's artificial intelligence firm, xAI, has harmed Tesla by poaching its employees, diverting over $500 million worth of GPUs from Tesla to xAI, and utilizing Tesla's data for xAI's development without compensation.

The lawsuit also refers to a tweet where Musk threatened to redirect AI efforts away from Tesla unless he received a 25% voting control in the company, which the plaintiffs claim as a public ultimatum for additional equity.

Furthermore, Musk's characterization of Tesla primarily as an AI firm has been cited as detrimental to Tesla, with the plaintiffs arguing that this perception has undervalued Tesla's core business as an automotive company.

The plaintiffs accuse Musk and other Tesla board members of breaching their fiduciary duties and seek various remedies, including damages for the alleged harm caused by the flow of personnel and resources between Tesla and xAI. They also request that Musk relinquish his equity stake in Tesla and place his interest in xAI under a constructive trust.