Is he just writing off the astronomical debt (pun intended) from xAI and X with this move?
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That's what this sounds like. I believe he did something similar by creating shares and transferring them between "X" the Twitter app, and xAI.
SpaceX was his one good company thanks to the work of people like Gwynne Shotwell. xAI must not have been getting enough investor interest and rather than admit it's a stinker, he's shackling spaceX with it.
If I were a spaceX investor, I would be absolutely pissed about this and talking to my attorneys.
xAI must not have been getting enough investor interest and rather than admit it’s a stinker, he’s shackling spaceX with it.
This is the same thing Musk did saddling Tesla (and Tesla public shareholders) with the debt of the failed company Solar City run by his cousin.
Now he's also retooling Tesla facilities to build his Optimus humanoid robots.
Who the hell is going to buy his stupid robots?
If they work, it's going to be other corporations for factory work.
It's going to be a long long time before any bot is good enough and cheap enough to be used at the consumer level in our homes.
They seem so bad for factory work though? One of those robot arms would work so much better than some shitty humanoid robot.
The world is made for general purpose humans including vast amounts of factory space. There will always be things for a general purpose robot to do that'll be cheaper than designing and manufacturing a low volume bespoke robot.
Like Amazon is trying and building robots to do a lot of picking, but they can't even fully automate that.
It's more a question of can they solve it (huge if) and even if they do, how many can they actually sell.
So he's making his 2 barbies kiss?
2 xBarbies 1 cup.
Incestuous bullshit from a pedophile, what a shocker.