zlacker

>>g-mork+(OP)
Just a neat bit of financial engineering. You can tell because Elon picked SpaceX instead of Tesla – which would have actually made sense at some level (Optimus Robots + AI). But Tesla is public and so he'd need to follow laws and reporting requirements.

>>paxys+39
does he need spacex/xai to prop up tesla or the other way around?

>>broken+D9
Tesla is still very profitable, as is SpaceX I assume. Twitter/X has been a $44 billion dollar failure, and xAI is a vanity project so Musk can go around saying he is a player in the AI space. Investors in both X and xAI need to be bailed out, hence this announcement.

>>paxys+rb
Tesla has a P/E in the hundreds and a ~0.3% market cap to profit ratio. In what world is this "very" profitable?

>>__alex+Rg
In the world where it makes $8-10B in profit on $90-95 billion in revenue every year. Whatever price investors choose to trade the stock at is irrelevant to those numbers.

>>paxys+Ai
It's actually down to $3.8B in profit now, and will be losing money within a year at the rate its been losing profitability.