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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

#181
post #73

Earlier quoted context omitted.

Heck, TSLA today is higher than on 5 November 2024, less than five months ago!

But lower than on 6 November 2024, less than five months ago.

It's up 49% YOY https://www.google.com/finance/quote/TSLA:NASDAQ?window=1Y

This is a bit of a silly game, their stock is very meme-y so whenever you set the start of the time range the aggregate % can vary heavily.

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

#182

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…

You’re burying the lede here, which is that the Delaware Chancery Court rules that Tesla had paid a fair price for Solar City: https://www.businessinsider.com/elon-musk-wins-solarcity-tes...

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

#183

Earlier quoted context omitted.

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.

I argue that he's literally showing us how high we can go with SpaceX.

With SpaceX? Or Ketamine??

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

#184
post #83

Can someone please explain this with more words?

Elon bought Twitter for $44B, with a combination of his own money, money raised from investors, and $12B worth of debt secured by his Tesla shares. Since that time Twitter's valuation continued to drop, and by late 2024 several investors (like Fidelity) had marked the company's overall value down to as little as $9B. Now with the recent stock market turmoil and Tesla's massive share price drop, his Twitter loan is in…

so twitter shares were converted to xai shares but where did the 12B debt go?

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

#185
post #72

I 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.

On the latest TSLA event, Elon said Dojo was 5% of their training compute (the rest being nvidia). Although he hoped future dojo versions would improve.

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

#186
It's this maybe merely a financial move that makes sense in the world of ultra-rich people and banks?

I read somewhere that he used his tesla assets as a security to get a loan to buy X and this provides some buffer or sticks it to someone else in case tesla goes down?

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

#188

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.

From what I have been told (specific to the US army):

- Enlisted swear oaths to the constitution and President

- Officers swear an oath to the constitution

I’ve only been told this, I don’t claim to know.

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

#190

Earlier 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.

After the unprecedented move of the President of the United States anointing Musk as a made man and member of Donalds swamp, all from the White House. In additional multiple other highest members of Trump's government went on TV and said 'invest in Tesla'. That is not a healthy stock surge. It is a pure DC swamp play.
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