xAI's mission is to "understand the universe". Not sure how that aligns with X.
Know thyself?
xAI has acquired X, xAI now valued at $80B
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Re: xAI has acquired X, xAI now valued at $80B
#142Earlier 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.
Exactly. So then why draw conclusions about how SolarCity was a bad deal for shareholders (see parent comments)?
There's no substantiation of that either way.
Re: xAI has acquired X, xAI now valued at $80B
#143I wonder if Tesla will buy xAI. Doesn't Tesla need the GPU power of xAI? Are they renting it, or do they have their own servers?
Doesn't Tesla have their own "Dojo" custom AI chips? There seems to be a bit of pointless duplication either way between Tesla and X/xAI's developments in this space.
Re: xAI has acquired X, xAI now valued at $80B
#144Earlier quoted context omitted.
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.
Falling from a building isn't the right analogy, it's more like falling down a huge flight of stairs. You bounce on the way down.
Re: xAI has acquired X, xAI now valued at $80B
#145He 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.
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Re: xAI has acquired X, xAI now valued at $80B
#146Re: xAI has acquired X, xAI now valued at $80B
#147Re: xAI has acquired X, xAI now valued at $80B
#148Earlier quoted context omitted.
And Facebook instead of Meta, although if I think of it, I'd rather not say any of those in any context.
Facebook is a product, Meta is a company. It was always weird to say Facebook in the context of Instagram, WhatsApp, Oculus etc. Heck who even uses Facebook now?
Yeah, I call the company Facebook, I don't care enough to follow their terminology, and I don't keep track of their products.
Re: xAI has acquired X, xAI now valued at $80B
#149Earlier 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?
The debt goes to the merged company and so can be serviced or retired using the funds of the whole company.
Re: xAI has acquired X, xAI now valued at $80B
#150Earlier quoted context omitted.
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.
My quick search is showing Tesla is worth some $800B. 15% of that is real money.