Post by Tim_Cookie
Musk Suggests Tesla Shareholders Will Vote on xAI Investment
Elon wants Tesla shareholders to approve an investment into his other company, xAI, to the tune of $5,000,000,000. Of course, Elon directly owns about 75% of xAI, so that money will be going straight into his own pocket, at the expense of significant share dilution to Tesla shareholders. Seems like something they would eagerly approve.
https://www.bloomberg.com/news/articles/202...
↪ MICROMAN
3 days ago
Would like to have some insight on the xAI finances. Seems like money is being poured into the company and lit on fire.