Elon Musk Says AI Data Centers Are Lowering Electricity Prices for Consumers. Here’s What We Found When We Ran the Numbers.
Elon Musk claimed that AI data centers are lowering electricity prices for consumers, but recent analysis reveals that this assertion may not hold true in reality. While Southern Company (SO) and Vistra (VST) both profited from the increased power demand due to AI, VST shares have actually decreased by 30% over the past year. U.S. electricity prices have risen by 4% in the past year, surpassing headline inflation and directly contradicting Musk's claim.
The $180 annual savings Musk referenced applies to a single Georgia utility's contract, with the new AI-driven generation to be funded by ratepayers across the board. Despite Musk's claims, Southern Company did not make the list of the top 10 recommended stocks by 24/7 Wall St. analysts.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
