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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

#381

Post by joquarky »

stefan_ wrote: post #368
bboygravity wrote: post #142

Earlier quoted context omitted.

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.

Because Tesla abandoned the SolarCity model? Like, SolarCity was a bunch of sales people going door-to-door to sell questionable leases on solar systems and hawking off the junk bonds resulting.

> questionable leases

I have a SolarCity install that came with the house.

The Power Purchase Agreement lease seemed shady at first, but ultimately I believe it's working out better for my family than for Tesla.

I'm paying just under 11 cents per kWh and it can only go up a maximum of 3% per year for the next ~15 years.

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

#382

Post by telotortium »

sorcerer-mar wrote: post #211
LanceJones wrote: post #125

Earlier quoted context omitted.

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.

At the rate he's going, SpaceX is probably on its way to being nationalized within the next few elections. And that would make sense totally aside from punitive response: it is pretty dangerous to have such vital defense infrastructure controlled by such a mercurial personality.

According to existing Supreme Court precedent[1], nationalization of companies requires approval by Congress, not just the President, so that would make it more difficult.

[1] https://en.wikipedia.org/wiki/Youngstown_Sheet_%26_Tube_Co._...

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

#383

Post by TheAlchemist »

ketzo wrote: post #341
TheAlchemist wrote: post #305

Earlier quoted context omitted.

That would be a shocking conflict of interest - a public company paying a private company, which is owned by the CEO of the public one ? All while the same CEO claims that the public company is the leader in the field ? Even by Tesla & Musk lawlessness standard that would be too wild.

We already have multiple news stories about xAI receiving 10,000s of GPUs that were originally meant for Tesla. That's about as close to "public company giving private company owned by CEO money" as you could possibly get without cartoon sacks of cash. > Even by Tesla & Musk lawlessness standard that would be too wild. Not to be overly snarky here, but, uh: what standard? They have proven over and over that they coul…

Now that you say that, Tesla is already paying the Boring Company, to build a highly advertised ... short tunnel for Tesla Giga factory.

Which they spend 3 years or so building and which seem completely useless. The only big unknown would be how much Tesla did Boring Company for that.

So yeah...

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

#385

Post by grakasja »

refulgentis wrote: post #105
rayiner wrote: post #80

Earlier 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.

Solar City was a debacle, it died immediately. Tesla's story in court was they were about to go bankrupt, and it was a financial necessity to redeploy all Solar City assets, including all employees, to Model 3 production. It breaks my heart because my rust belt hometown got a substantial investment from the state they had been chasing for a couple decades. $700M of the Buffalo Billion went to a Solar City facility, E…

Huh, DOGE ought to look into where that 700M went..

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

#386

Post by deadbabe »

legendofbrando wrote: post #301

In similar news: my left hand acquired my right hand today in an all stock deal valuing the combined hands at $1T. Praising the announcement my arms noted on the deal: “With these two hands now together, there’s nothing our combined fist of might can’t do.” Competitors, my left and right feet, declined to comment on the merger but are said to be in their own separate talks about a deal.

What are you gonna do with two hands?

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

#387

Post by tw04 »

He’s currently bailing himself out because the collapse of his Tesla stock would likely mean he’s unable to service the loans he took out to buy X.

Honestly surprised the VCs that dumped all the money into xAI are on board. I’m guessing he still must have controlling stake.

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

#389

Post by jfarina »

timewizard wrote: post #355
rayiner wrote: post #182

Earlier quoted context omitted.

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...

"did not act unlawfully" and "paid a fair price" are two entirely different things.

Is that what a corporate lawyer would say?

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

#390

Post by osmsucks »

legendofbrando wrote: post #301

In similar news: my left hand acquired my right hand today in an all stock deal valuing the combined hands at $1T. Praising the announcement my arms noted on the deal: “With these two hands now together, there’s nothing our combined fist of might can’t do.” Competitors, my left and right feet, declined to comment on the merger but are said to be in their own separate talks about a deal.

Was this announced at an all hands?
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