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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

#931

Post by mandeepj »

baby wrote: post #594
mandeepj wrote: post #196

Earlier quoted context omitted.

There's a margin on TSLA stock at $112 or $115; Like some other commentator said as well - he collateralled TSLA stock to take a loan to buy Twitter.

his margin call level is not public right?

> his margin call level is not public right?

But you do know “things” have a way to find path to get in public :-). Also, as stated in the following article, Tesla filed with SEC how much of stock was used and you can use the timing to find the stock price during the period of acquisition.

https://www.newsweek.com/elon-musk-facing-margin-call-tesla-...

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

#932

Post by matteotom »

mandeepj wrote: post #515
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…

> 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. Your numbers are on point. But, there's another Math that could take us on that path leading to the same goal: A lot of republican lawmakers aren't happy currently. Although it's a long shot…

The next test of this will be the WI Supreme Court election - if the Musk-backed candidate loses (after Musk spends millions of dollars on the campaign, possibly illegally), it might start to break the hold Musk+Trump have over Republican elected officials.

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

#933

Post by rurp »

DoesntMatter22 wrote: post #680
kelnos wrote: post #601

Earlier quoted context omitted.

As the sibling pointed out, private companies don't have stock prices. But I've read estimates that Twitter is worth less $10B now, so less than a quarter what Musk paid for it.

The banks just recently did a debt sale of a lot of that debt close to list price, so 44 billion dollar valuation is probably reasonable. Apparently the company is profitable now, sans the debt, so as long as it doesn't go out of business and can grow on other fronts then it's probably not a problem.

This makes no sense. The debt payments are larger than the company's entire revenue! The Twitter purchase was a financial boondoggle that Elon is attempting to hide with this latest deal.

If I borrow $4 million to buy a house worth $1 million I could technically say that sans the debt I'm a millionaire, but that's hardly a useful or positive claim.

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

#934

Post by A4ET8a8uTh0_v2 »

claytongulick wrote: post #847
acdha wrote: post #776

Earlier quoted context omitted.

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.

> what happens when you self-identify with a party rather than principles and put your intellect to work rationalizing positions selected by other people This is a problem for a lot of people, regardless of political spectrum. When your identity is tied to a political group, criticism of that group transfers to criticism of self, and there aren't many people that enjoy that.

That has certainly been the case for the past few decades and I, personally, think we may have reached some sort of breaking point. The other day on a somewhat popular radio show catering to a specific group typically associated with one US party the calls to divest from political affiliation to a Party as a deciding factor were a lot more common and urgent in tone. I know what I think and I do think US 2 party system is part of its current set off issues, but it was odd to hear some of those thoughts expressed in the wild.

Don't get me wrong, the tribe mentality is absolutely still there, but for the first time in a while I am hearing something akin to 'fuck it'.

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

#935

Post by michaelwilson »

HarHarVeryFunny wrote: post #417

Seems to me he's just scammed xAI investors, who thought they were investing in an AI company, into bailing him out of his failed Twitter purchase - they are now the idiots who paid $44B for Twitter (recently valued by Fidelity at $10B), and Musk gets his money back.

I thought I also heard that the people who agreed to buy Twitter's debt got the deal sweetened with some XAi stock.

Sooo, did that debt get paid off, and they got XAi stock. If so, buying that Tesla debt might not have been the complete bloodbath it should have been.

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

#936

Post by moffkalast »

gruez wrote: post #102
mayneack wrote: post #75

Earlier quoted context omitted.

Surely a theoretically disgruntled xAI shareholder is going to have a harder time here since they're both private companies and given Elon's proximity to any potential regulators.

Company directors are generally given wide latitude in what they can do without breaching fiduciary duty, so such lawsuits were always going to be an uphill battle.

Given how much they're typically paid for their trouble, you'd think they'd carry an ounce of responsibility for their actions.

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

#937

Post by qudat »

mandeepj wrote: post #196
redox99 wrote: post #167

Earlier quoted context omitted.

I don't understand the relation with TSLA.

There's a margin on TSLA stock at $112 or $115; Like some other commentator said as well - he collateralled TSLA stock to take a loan to buy Twitter.

I’m not an expert in this but as far as I can tell there will never be a margin call. There’s only a margin call if he defaulted on his loans. All the banks will do is ask to restructure the loan to compensate for the loss in the collateral.

Further, it’s just $6bn which musk can easily cover.

> The funding included $7 billion of senior secured bank loans; $6 billion in subordinated debt; $6.25 billion in bank loans to Musk personally, secured by $62.5 billion of his Tesla stock; $20 billion in cash equity from Musk, to be provided by sales of Tesla stock and other assets; and $7.1 billion in equity from 19 independent investors.

https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon...

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

#938

Post by threetonesun »

consteval wrote: post #916
geertj wrote: post #862

Earlier quoted context omitted.

You must not have tried FSD 13.x with AI4 hardware. I commute to work every day from the suburbs to the city with a ~25 min one-way commute with zero disengagements. Edit: Elon mentioned in the last earnings call that if you are on AI3 hardware and bought FSD that they will have to upgrade you free of charge to AI4. Edit 2: To clarify, FSD 13.x is only available with AI4 hardware.

I would not be comfortable using any self-driving system on US roads that only utilizes computer vision. The reality is we don't actually know how reliable these systems are, and Tesla has a long history of spreading misinformation about their own technology and obfuscating the facts. We don't even know how many cars crash while in FSD mode. We don't know how they crash, or why. None of this data is made publicly ava…

I am equally uncomfortable that other people are out there beta testing FSD.

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

#939

Post by eightysixfour »

literalAardvark wrote: post #914
brians wrote: post #313

Earlier quoted context omitted.

Yeah. He’s not even the richest African emmigrant… because Mansa Musa tipped so heavily he broke intercontinental trade dynamics.

350b USD buys 350kT of gold. I suspect that many zeros were unheard of in pre industrial times, making most hundred billionaires richer than Mansa Musa even in absolute terms.

> 350b USD buys 350kT of gold

No it doesn’t - that much gold hasn’t been mined in the history of humanity. Gold is not a good metric for comparing this across history.

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

#940

Post by erichocean »

redox99 wrote: post #525
TZubiri wrote: post #438

Earlier quoted context omitted.

The grok thing feels as forced and useless as every other AI feature by every other company. This has "sure buddy" vibes all over it.

I actually find the "Explain this post" feature pretty nice.

Same, I pay for all of the usual AI providers and still find myself using Grok multiple times per day.

For one thing, it works really, really well.

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