Musk's xAI swallows Musk's X in ego-friendly, all-stock deal
Musk's xAI swallows Musk's X in ego-friendly, all-stock deal
www.theregister.com
Musk's xAI swallows Musk's X in ego-friendly, all-stock deal
9 comments
9 comments
Musk's xAI swallows Musk's X in ego-friendly, all-stock deal
Musk's xAI swallows Musk's X in ego-friendly, all-stock deal
Tying the success of one platform to another to shovel potential investment money to a wildly unpopular product and platform. Ego-fueled indeed. This probably means he's working to funnel taxpayer money to xAI right now.
@Nightwingdragon @vegeta I think he's just trying to stay solvent because knows Tesla is going to tank and he needs to pay off the Twitter investors (using xAI investors' cash) before he gets margin called
The comment I was going to make. This is preemptive. He used TSLA stock as collateral for the twitter loan and can now use xAI to pay it off before TSLA falls under the threshold set in the twitter deal
The true genius of Elon Musk is his ‘subsidy harvesting strategy,’ political science professor says
https://fortune.com/2025/03/19/elon-musk-subsidy-harvesting-strategy-tesla-spacex-xai-doge/
Federal government has already had their own for years...
He borrowed money to buy twitter.
It had just gotten a very bad valuation, which might have led the people he borrowed from to change terms or take collateral.
By doing this, he set the "value" at 33 billion because that's what his other country just paid for it.
It's a house of cards where if any of his projects goes under, they all will.
While this is a short term help, it's going to make people less likely to invest in xai because it's propping up twitter.