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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.
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.
Its almost like modern life is riddled with lies, liars, and their collective bullshit. I don’t think this is a change in the human condition; we’re extremely greedy hairless apes. But guys like Elon really show how low we can go.
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And then will leverage against that valuation for loans, acquisitions, etc. Self dealing. Nobody cares anymore.
Good luck trying to get a bank to underwrite that loan, smells a bit risky.
It's good to be the king. Even better to own him.
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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.
That's basically the response to deepseek? Aside from a few people pearl clutching about "chinese propaganda" or whatever, most people praised its efficiency and performance on benchmarks. Credit where credit is due. Also note that China is an authoritarian regime where there's no separation between the state and private enterprise. Every company of non-negligible size has a CCP committee inside of it.
X users are now officially just training data for Grok.
I'd feel great being someone that financed the takeover of X/Twitter, and being stuck with inflate shares in an also-ran AI play. Obviously there is no rule of law for Musk, and no recourse for them. He'll keep his ball of twine rolling past TSLA's next earnings date on April 22nd.
Grok 3 is right up there with SOTA models and the time in which they trained it was fairly impressive. Seems like they have as good of a shot as anyone at capturing the market.
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Yes. He did it with Solarcity already.
Solar roofs was one of many scams. And he scammed the taxpayers of New York State for a billion dollar factory to build solar roofs. Factory built, stock was pumped, no solar roofs though. The puffery about waste and fraud is pure projection coming from a scammer like Musk.
In concept seems like a really interesting idea. I guess it never ended up working out.
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…
Surely a theoretically disgruntled xAI shareholder is going to have a harder time here since they're both private companies and given Elon's proximity to any potential regulators.
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.
Milton donated $1.8M to Trump, and Miltons lawyer's sister is Pam Bondi, the Attorney General.
This is nakedly corrupt and a strong signal that you can get away with all manner of financial fuckery if you are on Trumps "good list".