I get a kick out of how the link in this story is "twitter.com" instead of "x.com". Personally, I think everyone should just continue to say "Twitter."
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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
#112I get a kick out of how the link in this story is "twitter.com" instead of "x.com". Personally, I think everyone should just continue to say "Twitter."
I do and I always will. I refuse to play along with corporate rebrands, be it Twitter, Facebook, Comcast, Charter or anything else.
*you mean "The Facebook" ;)
Re: xAI has acquired X, xAI now valued at $80B
#113When all is said and done, did the banks that helped finance Musk's original acquisition of Twitter get their money back?
Re: xAI has acquired X, xAI now valued at $80B
#114Re: xAI has acquired X, xAI now valued at $80B
#115Earlier quoted context omitted.
It bails out Elon and means his Tesla shares (borrowed against to purchase Twitter) won’t be liquidated as Tesla’s share price continues to decline, using xAI investor funds. He uses hype and sentiment (inflating valuations) in the capital markets to always stay slightly ahead of consequences.
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
“Continues to decline” is a cushion for the next sentence “downgrade to sell” which cushions you from the ultimate, “new marketing leadership with Barron Trump and someone named Alien Brainrot”.
Re: xAI has acquired X, xAI now valued at $80B
#116Earlier 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
If I jump off a building and you see me at the 10th floor, I was also 29.4 meters higher 3 seconds ago. Tesla sales are falling worldwide and losing market share
Not to be pedantic, but you’ve confused acceleration with velocity. How far you’ve traveled will depend on how long you’ve been falling, and what your starting velocity was.
Re: xAI has acquired X, xAI now valued at $80B
#117Earlier quoted context omitted.
Still, you have to give it to him, it works, and this has allowed him to do some incredible things beyond just hype. What he's pulled off with xAI more recently is really quite incredible. And obviously this isn't first time Elon proved he can execute better almost anyone else. I don't really have opinions on him as a person, but as a an entrepreneur you cant flaw him imo. He always finds a way to beat the odds.
"He's a terrible human, but look at the model benchmarks!" We're different people I suppose.
Can you qualify the first part? I haven’t met him.
Re: xAI has acquired X, xAI now valued at $80B
#118X users are now officially just training data for Grok.
Re: xAI has acquired X, xAI now valued at $80B
#119Earlier quoted context omitted.
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.
And how much of that is solar instead of Powerwall and Megapack? They don’t break it out in filings unless I missed it.
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Re: xAI has acquired X, xAI now valued at $80B
#120Earlier quoted context omitted.
To me it appears to be a way to pay his lenders without liquidating or collateralizing more Tesla stock.
So he can use the funds he raised for xAI to pay out the lenders for the initial Twitter purchase? Otherwise the lenders are just getting xAI stock (all stock deal) which I assume is illiquid?
A stock ponzi scheme to keep him afloat? Soon he will start a new venture and use that venture to save the previous venture and so on. Maybe a robot clothing company because robots shouldn't be naked.