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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

#161

Earlier 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…

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

This only matters if people care enough to act appropriately when that is broken.

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

#162
post #91

Earlier quoted context omitted.

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 pr…

And the whole market is down, not just TSLA.

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

#163

Earlier quoted context omitted.

And then will leverage against that valuation for loans, acquisitions, etc. Self dealing. Nobody cares anymore.

Trump pardoned Trevor Milton today, who scammed investors out of millions doing things like his now infamous "rolling a truck down a hill to make it looks functional" demo. 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".

Every democratic country deserves the government they get.

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

#164

This move makes it more likely that the internal number for TSLA is not good, and Elon is expecting the price to go down. He has access to the real revenue number. If it's going well, he wouldn't have to perform this maneuver. xAI was relatively separated from X and TSLA, and wasn't having the backlashes associated with the two. Now he risks having the xAI branding tarnished too. He wouldn't do this unless the TSLA i…

This doesn’t seem like a branding related deal, it seems like wanting to further marry their operations for strategic reasons.

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

#165
post #95

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.

I don't believe it has to be said: It's not about product, it's about manipulating the balance sheet.

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

#166
post #138

Earlier quoted context omitted.

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

You forgot to mention that China, Vietnam, Thailand, and Indonesia are all betting big on EV production. China is of course the main competition, but it's telling just how stiff the competition is getting across the board. BYD is currently making more cars than Tesla, with more advanced battery technology and comparable build quality, for a fraction of the price of any Tesla. Meanwhile Elon is too busy rage-tweeting…

The auto tariffs are a present for Elon. Teslas are the most American of American cars, and while they do still use foreign parts they use the least out of everyone.

On top of that, in the EV category, Tesla is pretty much the only one made in the US.

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

#167

This move makes it more likely that the internal number for TSLA is not good, and Elon is expecting the price to go down. He has access to the real revenue number. If it's going well, he wouldn't have to perform this maneuver. xAI was relatively separated from X and TSLA, and wasn't having the backlashes associated with the two. Now he risks having the xAI branding tarnished too. He wouldn't do this unless the TSLA i…

I don't understand the relation with TSLA.

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

#168
"This will allow us to build a platform that doesn’t just reflect the world but actively accelerates human progress"

You get to pick winners AND be protected by section 230 of the Communications Decency Act from liability for anything said on the platform.

Stockholder privacy is protected by law; they could be Russian, Saudi, Chinese, North Korean crypto-currency hackers; CIA; friends of friends, mom and pop, whomever.

X algorithms and work practices are protected by trade secrets, confidentiality agreements, and binding arbitration.

Even superpower-nation security services are deeply dependent on the willing participation of the telecommunications industry. They would be blind to a unwilling provider, particularly one with their own worldwide network.

Don't blame Elon Musk. We built this system. "If you build it, they will come."

(Edit: I acknowledge the downvote and normally delete if/since judged not helpful. But I would appreciate it if the flaws were pointed out explicitly: a category mistake in ascribing personal responsibility for collective effects? assuming the worst, or fear-mongering? just hyperventilating? I honestly don't want to waste anyone's time. I thought pointing out that legal protections necessary for companies could be so abused would stimulate the policy-minded.)

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

#169

This move makes it more likely that the internal number for TSLA is not good, and Elon is expecting the price to go down. He has access to the real revenue number. If it's going well, he wouldn't have to perform this maneuver. xAI was relatively separated from X and TSLA, and wasn't having the backlashes associated with the two. Now he risks having the xAI branding tarnished too. He wouldn't do this unless the TSLA i…

None of this is really related to TSLA.

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

#170
It should be noted that the other xAI shareholders are/were supportive of the X takeover and all. So although I personally don’t like Elon, this doesn’t seem like self dealing as many here claim. Solar City worked out well even though it too seemed like self dealing.

There are actually bad things to hate him for but acquisitions fraud is probably not on the table.

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