What I find particularly problematic is the conflict of interest between Tesla and xAI, especially because Elon has a higher percentage of ownership of the latter.
It’s clear that Tesla is priced not as a car manufacturer, but as a technology company with high (arguably delusional) hopes towards self driving, compute and robotics. However that kind of seems like a natural area to expand into for xAI as well. So why should Elon do it at Tesla where he has less ownership?
Btw xAI acquired X, so one less company. From what I remember at the time the purchase felt like Elon taking advantage of other investors and getting a very favorable deal for himself due to the company evaluations, which increased his ownership stake in the combined company.
What I find particularly problematic is the conflict of interest between Tesla and xAI, especially because Elon has a higher percentage of ownership of the latter.
It’s clear that Tesla is priced not as a car manufacturer, but as a technology company with high (arguably delusional) hopes towards self driving, compute and robotics. However that kind of seems like a natural area to expand into for xAI as well. So why should Elon do it at Tesla where he has less ownership?
Btw xAI acquired X, so one less company. From what I remember at the time the purchase felt like Elon taking advantage of other investors and getting a very favorable deal for himself due to the company evaluations, which increased his ownership stake in the combined company.