411–420 of 1001 posts
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> Even a sliver of that capability and influence ensures nobody will ever dare to try and slap some cuffs on him After 2028 elections, all of that umbrella cover will go away. Optimistically speaking it could happen as soon as after Nov of 2026 (midterms).
On what basis do you think 2028 elections will be free and fair? Congress is going to try to mass-disenfranchise women before the 2026 midterms. They've stated this on the record. Dems aren't going to gain control of congress in the upcoming special elections. We're totally fucked economically and otherwise unless Democrats in congress -- mainly the Senate -- can get a fucking grip, pay attention to what's happening,…
What on Earth are you talking about?
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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.
You can just google the oaths that people take. - enlisted: https://www.army.mil/values/oath.html > I, _____, do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed o…
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I’m guessing Tesla is paying xAI to train their FSD model?
No, Tesla has their own seperate training supercomputer called Dojo that it optimized for computer vision. Its one of the top 20 supercomputers in the world by compute.
BTW: find it: https://top500.org/lists/top500/list/2024/11/
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Fair enough, edited to just revenue. But those are just datacenters bought with VC money - my intent was to say that xAI's resources are basically just the investment they've received.
You can’t just pull out the corporate Amex and buy a world class datacenter. There is considerable value add there.
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This also lets all of his co-investors in X, who were likely pissed that their shares tanked, exchange their shares at an inflated value (but one that still sees them losing 25% of their original investment) for shares in a trendy yet likely overvalued AI company that they consider to have more upside. The other part of this is that if TSLA stock drops to $100-ish he'll be at risk of being margin called on the loans…
The outside investors in X made a profit on paper; Twitter was bought for $44B but the deal was financed with like $31B in equity and $13B in debt. It’s not a big profit (in fact it’s worse than you would have done in T-bills), and of course they’re swapping one illiquid and hard-to-value asset for another, but Elon isn’t giving them a 25% haircut at all.
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…
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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You can just google the oaths that people take. - enlisted: https://www.army.mil/values/oath.html > I, _____, do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed o…
Which does match what GP said. Enlisted swear to defend the constitution and obey the president. No limitation to lawful orders or stated precedence between the too. Commissioned officers don't swear to obey the president