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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

#121

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

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

The stock is up more than 18% in the last 18 days, so by your analogy you were 29.4 meters lower 3 seconds ago.

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

#123
post #80

Earlier 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.

Putting aside the fact that you can't justify fraud by post-hoc outcomes (Shkreli and SBF also claimed that they didn't commit fraud because they would or did win it back), I doubt any of the Tesla Energy division income (even assuming the accounting is okay) is a result of businesses that can be traced back to Solar City. I suspect most of the business is battery storage and the Powerwall was introduced by Tesla bef…

The vertically integrated Tesla strategy is to use batteries to arbitrage the value of stored energy. This is well described in the Tesla "Master Plan" documents. Solar is a huge part of this.

According to the company filings the solar assets Tesla acquired are still generating revenue at the rates projected during the acquisition.

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

#124

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

It is not unreasonable to assume Tesla shares will continue to decline whilst: a) sales internationally are plummeting at such a rapid pace b) consumer confidence is down with predictions of a looming recession c) the brand continues to be tarnished by the association with Musk and Trump d) auto tariffs will increase the costs of parts and the likelihood of reciprocity

Why would they continue to decline? If all that information is already known, why isn't it priced in and why isn't the best estimate of Tesla's price in 6 months equal to today's price plus the return of Treasuries?

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

#125

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.

Yeah these fantasies where musk would somehow go bankrupt by tanking Tesla and overpaying for Twitter were also wild He’s literally the richest person the earth has ever known. He’s never going to suffer financially. He has countless levers of power he can pull. The same fantasy applies to any past or current president ever spending a day in jail. He literally commands the most powerful military apparatus the world h…

He only holds ~15% of Tesla. His real money is in SpaceX... 50% ownership there. I wish people would think just a little before parroting the "hit Musk where it hurts" drivel.

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

#126

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.

Yeah these fantasies where musk would somehow go bankrupt by tanking Tesla and overpaying for Twitter were also wild He’s literally the richest person the earth has ever known. He’s never going to suffer financially. He has countless levers of power he can pull. The same fantasy applies to any past or current president ever spending a day in jail. He literally commands the most powerful military apparatus the world h…

That military apparatus is sworn to uphold the Constitution, not support the current president.

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

#127

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.

Yeah these fantasies where musk would somehow go bankrupt by tanking Tesla and overpaying for Twitter were also wild He’s literally the richest person the earth has ever known. He’s never going to suffer financially. He has countless levers of power he can pull. The same fantasy applies to any past or current president ever spending a day in jail. He literally commands the most powerful military apparatus the world h…

I’m pretty sure the owner of the monopoly board game company is the richest person ever.

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

#129

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.

And then will leverage against that valuation for loans, acquisitions, etc.

Self dealing. Nobody cares anymore.

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

#130
post #108
post #33

Can we speculate if X's CTO didn't like the reorg? 3 days ago "X’s director of engineering, Haofei Wang, has left the company " https://news.ycombinator.com/item?id=43470613

More likely Musk liked xAI's CTO more than X's CTO, and parted ways with one of them. Which is his prerogative, as the owner of both companies. I'm sure Haofei would love to be the CTO of one of the strongest AI models in existence. I would, if I were in his shoes.

"strongest AI models in existence"

[citation needed]

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