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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

#771

Post by acdha »

silisili wrote: post #664
minwcnt5 wrote: post #199

Earlier quoted context omitted.

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…

He didn't leverage Tesla stock to buy X. These Reddit level takes with zero research are making threads like this really annoying to read. All emotions, zero facts.

Speaking of threads with zero facts, can you cite your research? Here’s mine showing $12.5B secured by TSLA shares:

https://www.sec.gov/Archives/edgar/data/0001418091/000110465...

That wasn’t the only funding, of course, but it’s a big chunk:

https://web.archive.org/web/20220422035052/https://www.bloom...

https://www.nytimes.com/2022/04/25/technology/musk-twitter-s...

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

#772

Post by Ray20 »

piyuv wrote: post #763
Ray20 wrote: post #762

Earlier quoted context omitted.

I mean this is exactly the reason why they won't want to put Trump in jail - so that it doesn't turn out like in Korea. After all, where you can put one president in jail, you can put a next one in jail too.

I mean, yes? Where you can put one president in jail (for trying to demolish democracy and establish oligarchy/autocracy), you can put a next one in jail too (if they try to do the same) This is called upholding the constitution and it’s fundamental for a democracy. If you say president is immune, you get current US.

>If you say president is immune, you get current US

And even most leftist woke socialist president between probability of a prison for himself and the current US will choose current US.

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

#773

Post by jcranmer »

thordenmark wrote: post #752
cedws wrote: post #744

Earlier quoted context omitted.

And what happened to Tesla solar roofs? Haven’t heard about those since like 2020. Who actually has one? And Tesla trucks? And full self-driving? And robotaxis? And the private venture around the moon? It’s like everyone just forgets Musk’s announcements that never get delivered on.

Aren't Cyber trucks by Tesla? And FSD is basically here which means robotaxis are basically here. Now there are just regulatory hurdles and the long tail.

> Aren't Cyber trucks by Tesla?

GP is referring to Tesla's promise to build electric semi trucks, not the pickup truck that Cybertruck is.

> And FSD is basically here which means robotaxis are basically here. Now there are just regulatory hurdles and the long tail.

AIUI, Tesla FSD is at best Level 3 automation (probably more like Level 2), which means it requires constant driver supervision to keep the car from committing suicide. That's pretty far from being "basically here", especially since Tesla seems extremely loth to accept any responsibility for FSD-related crashes.

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

#774

Post by haliskerbas »

dns_snek wrote: post #757
thordenmark wrote: post #752

Earlier quoted context omitted.

Aren't Cyber trucks by Tesla? And FSD is basically here which means robotaxis are basically here. Now there are just regulatory hurdles and the long tail.

In what sense of the word "basically" are the FSD and robotaxis "basically" here? Tesla FSD is a level 2 autonomic system that requires constant supervision, robotaxis would require level 4/5 autonomy. That's not even close to becoming reality.

FSD ran a red light last week.

But later today I’ll be heading out in a Waymo robotaxi which will actually be here.

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

#775

Post by masfuerte »

nozzlegear wrote: post #523
mingus88 wrote: post #489

Earlier quoted context omitted.

The U.S. will never allow any former president to get prosecuted because the precedent is too severe. By all reasonable accounts, GW Bush should have been prosecuted for war crimes. Trump should have been prosecuted the moment he left office for a spectrum of crimes. There is even a strong argument that Obama should have been prosecuted for drone strikes on citizen combatants. But power protects power, and the moment…

Nixon certainly would've been prosecuted if he hadn't been pardoned. > There is even a strong argument that Obama should have been prosecuted for drone strikes on citizen combatants. I don't think this is very strong at all. There is zero evidence that Obama intentionally targeted civilians outside of al-Awlaki. Suggesting that he did, and that he should be prosecuted for war crimes, puts him in the same moral catego…

Obama pardoned all the torturers and their instigators. He is in the same category.

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

#776

Post by acdha »

eximius wrote: post #703
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...

[flagged]

They’ve been here for ages but you can basically see what happens when you self-identify with a party rather than principles and put your intellect to work rationalizing positions selected by other people. I miss their contributions of a decade ago.

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

#777

Post by cma »

twothreeone wrote: post #615
dcchambers wrote: post #500

So the real story here is that he was in danger of getting margin called on the loan he took to buy Twitter which he financed with TSLA shares as collateral, and this is him moving money around so he doesn't have to face the reality of actually getting margin called amid a sinking TSLA, right?

There's two issues with that theory: (a) Somebody in another thread mentioned that margin for those loans would trigger at around $120, so assuming that's true TSLA has another 50% to lose before it would happen. (b) Even if that was the case and TSLA lost those 50%, that would mean he'd have to cover the loans with cash. He cannot use xAI shares for that because contrary to TSLA it is not a publicly traded company.…

Twitter started with $13 billion in debt and now has $12 billion, so was only able to make $1 billion in profit in about two and a half years. Twitter was making around $500 billion a quarter before the Apple ad targeting changes that Meta was able to recover from back to more than their profitability before the changes, so if Twitter only got back to ~$100 billion a quarter they failed pretty hard in comparison to Meta despite how much more efficient they were supposed to be, but he got political control out of it, and now acquired a ton of political control from poaching Tesla AI employees from himself for a new startup during the biggest AI boom in history with no significant further development of Tesla's AI training hardware and many of Tesla's top researchers moved over.

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

#778

Post by mlindner »

LunaSea wrote: post #725
saxonww wrote: post #468

Earlier quoted context omitted.

Re: 2026, it's possible Democrats could take back the House, and then be able to impeach the President. But it looks like they would need to win 32 of the 33 seats up for grabs in the Senate - 20 of which are currently held by Republicans in solidly red states - to guarantee the 66 votes necessary to convict. That seems unlikely. And think about what would need to happen if you'd like to see actual change in leadersh…

Wasn't Trump impeached twice already last term without any consequences?

Impeachments without a two thirds majority are largely exercises in political playing around. You can use them to expose information that people are keeping hidden through subpoenas, but you can't convict in an impeachment without a two-thirds majority, which is definitely not happening.

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

#779

Post by janejeon »

longdustytrail wrote: post #492
nout wrote: post #482

Earlier quoted context omitted.

All money is made up. The banks literally "lend" money into existence without having it backed by anything, the banks don't need to have the money in the first place, the bank reserve requirement has been dropped to 0% in 2020.

It’s true that all money is made up, but not in the same sense OP means. Like I could give you 20 dollars and it’s made up in a sense, it’s just a piece of paper, but also you can go to the store and buy things with it. Whereas if you’re an investor in a company and the CEO does some self dealing which nominally values your shares at 20 million, you can’t go spend that. It’s even more made up

Or, an (over)simplified way to put it:

"All money is made up, but some are more made up than others."

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

#780

Post by javier2 »

thanhhaimai wrote: post #136

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…

It sounds more like a way to save whats left of X, and leave xAI investors holding the $12B bag of debt that X is struggling to service.
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