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Elon Musk sells X to his own xAI for $33B in all-stock deal

6 pointsby achristmascarlabout 2 months ago

1 comment

ggmabout 2 months ago
Since they are both private companies there has to be a twist, an upside.<p>I&#x27;m going with the $14b of value drop as a realised loss to offset some other state, and shedding his debt to the middle east who provided leveraged debt finance. Given the massive decline in tesla stock worth I can&#x27;t quite see it but perhaps a side effect of things is about value over time: Musk probably acquired a massive capital gain in tesla stock even with the current drop in value.<p>It&#x27;s either money, debt or control. Or all three. I dont personally see any upside for X or xAI.
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