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xAI has acquired X, xAI now valued at $80B

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Re: xAI has acquired X, xAI now valued at $80B

#91

Post by oskarkk »

toomuchtodo wrote: post #50
ivewonyoung wrote: post #41

Earlier quoted context omitted.

Tesla shares are higher than when Twitter was acquired. 'Continues to decline' sounds like weasel wording that the media likes to use to push a narrative that doesn't exist. Edit: Comment flagged for pointing out inconvenient facts, it's wild out there

67% of Americans would not consider buying a Tesla, new poll says - https://electrek.co/2025/03/28/most-americans-would-not-cons... - March 28th, 2025 Tesla (TSLA) Q1 delivery consensus: 377,000 EVs – worst performance in 2 years - https://electrek.co/2025/03/28/tesla-tsla-q1-delivery-consen... - March 28th, 2025 Tesla is banned from Canada EV rebate program, gov freezes suspicous $43 million in rebates - https://ele…

It's true that Tesla shares recently declined, but the context is important: during 2022-2024 Tesla shares were trading between $100 and $300 (with high volatility), in October 2024 they were at $200-$250, then after elections they skyrocketed to the all time high of $488 (for no fundamental reason), and since then the stock is falling. It's $263 right now - after the latest declines the stock only returned to the price that's still higher than before the elections, and is higher than the 2022-2024 average (which was already unreasonably high and totally disconnected from earnings). So these declines are nothing, at least not yet.

Re: xAI has acquired X, xAI now valued at $80B

#93

Post by enslavedrobot »

saaaaaam wrote: post #48

So he just sold himself a company he already owns for a valuation that he himself assigned to that company but that was less than what he paid for it, and he paid entirely using “money” that has a made up value and which he issues himself? Wild.

The value of Twitter was set when the bonds used to finance the purchase were sold recently for 97cents on the dollar.

Re: xAI has acquired X, xAI now valued at $80B

#95

Post by theprop »

This is interesting and may point to X / Twitter becoming more AI-driven in the future (many possibilities). Grok has become my go-to AI -- I personally find it better than (the free version at least) of ChatGPT, paid Gemini, and anything else -- though it does have a lot of problems.

Re: xAI has acquired X, xAI now valued at $80B

#97

Post by FreeRadical »

rayiner wrote: post #80
bhouston wrote: post #29

He has done this move before with Tesla buying Solar City. When you do a deal with yourself you can assign any value you want to assets, it isn’t a competitive process. In the previous case Solar City was dying but its acquisition by Tesla was pitched as a great synergy. https://www.businessinsider.com/solarcity-tesla-energy-belea... There were a few lawsuits from Tesla shareholders about the acquisition regarding se…

Tesla bought Solar City for $2.6 billion, and now it looks like the Tesla Energy division had about that much in net income last year alone.

Tesla Energy existed before Tesla acquired Solar City

Re: xAI has acquired X, xAI now valued at $80B

#98

Post by tedunangst »

TMWNN wrote: post #73
rayiner wrote: post #38

Earlier quoted context omitted.

Tesla shares are higher now than they were when he closed on Twitter in October 2022.

Heck, TSLA today is higher than on 5 November 2024, less than five months ago!

But lower than on 6 November 2024, less than five months ago.

Re: xAI has acquired X, xAI now valued at $80B

#100

Post by jprd »

latency-guy2 wrote: post #47
jprd wrote: post #2

This is the kind of crap we learned about when studying the "Robber Baron" era in the US public school system. Well, I mean, we were _supposed_ to learn it - evidently a lot of folks did not.

I don't see any connection to what you're talking about to this. You have to explain.

Thank you, that's a very fair point, and I apologize for my *-centric" viewpoint and such a short quip. That is not what we're aiming for in conversation on this site.

I took a giant shortcut, without providing sources, that was meant to indicate that we are in a situation that closely resembles the "Gilded Age" or "Robber Baron" era in the United States.

I was intending to point towards the actions of individuals in the analogous position of those "Robber Barons", in particular here, Elon Musk.

This dude used the data from Twitter, fed it to xAI (xAI spent lots of CapEx from investment on GPUs). Mix mid-"AI" training on such a ridiculously valuable dataset for free == cool models. Cool models + data stream of Doomscrolling == Higher valuation.

This just seems like a "nepo-baby" hit it big on some meme coin and bailed out Daddy.

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