What exactly is your point here? That credit is not his to taken? That credit should be distributed between 700k employees? You gave me little to go on.
This would be a horrible deal for Tesla investors.
Long-term investors would lose about 40% of their investment to subsidize the inflated valuation of X (bought by xAI), the inflated valuation of xAI (bought by SpaceX), and SpaceX (whose valuation is based on the assumption that demand for inference is effectively unlimited, and that everyone will prefer hardware in space over Earth).
The valuation of both companies was inflated prior to acquisition, and Tesla shareholders will be asked to dilute their investment by absorbing that cumulative inflation.
Not even to mention that Musk would have exclusive control over the entire conglomerate, with not even the pretense of a Board to check his power.
When even Steven Mark Ryan is like "let's pump the breaks a little bit," you know it's bad.
It’s about Elon’s control over these companies. Creating a valuable company with durable revenue that produces products that the market actually wants, with stable governance by a board representing the shareholders of the company? Bah! What am I, a sucker?
He wants control, so that he can use investor’s cash to do epic stuff like humanoid robots, cyber trucks, an AI that tells you that apartheid was actually cool, rocket cars, real life brain controlled robot bacon chungus, etc.
> SpaceX (whose valuation is based on the assumption that demand for inference is effectively unlimited, and that everyone will prefer hardware in space over Earth).
Well, that and being the only reusable rocket company ever with an even bigger version on the horizon and a global Internet service that's about to get a whole lot better thanks to aforementioned rocket. Both of which are hugely profitable.
You don't know why people value the company and excluding the two very profitable parts of the business in your list is obviously misleading to the point that anyone reading that should be offended that you think they are that stupid.
Their own numbers in the S1 they released before the IPO listed their potential market growth, and it was almost entirely in the AI division. These aren't my numbers, these are Musk's numbers.
Good lord, me either. I thought it was a gag reading through these comments, but there was no way all of these people commenting were that locked into a joke.
That was the final straw for me as well. Forcing you to log in to see old.reddit.com + forcing you into the app when viewing on mobile + the general toxicity just made it no longer worth it to use Reddit.
This administration has an impressive record of lying in order to manufacture charges against critics.
They also consistently lose in court once these charges are subjected to scrutiny. The point seems to be to merely manufacture bad headlines to smear the targets.
Prior to this administration, the feds had a 93% conviction rate. With so many frivolous cases falling apart in court, I'd be curious to know where that percentage is now.
Bingo. When that 1000% increase in spending on tokens represents a cost savings of 80% on knowledge worker labor, companies will happily pay it.
The other factor that threatens the $6T required to justify... open source models crushing the pricing power of these companies. If I can use some open source agent management framework + self-hosted Qwen to basically replace my entire Product org for free, then why would I pay Microsoft/Google/Anthropic/OpenAI?
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