Elon Musk's Next Move: Tesla Funding xAI – What's the Deal?

Generated Title: Tesla Investing in xAI? More Like Musk Investing in Musk.

Okay, so Tesla shareholders "voted" on whether Tesla should invest in xAI. Let's be real, does anyone actually think this was a real vote? It's Elon's world, we're just living in it, and apparently funding his AI side project whether we like it or not.

The "Muskonomy": A Family Affair

This whole thing stinks of the SolarCity deal. Remember that? Tesla bought it for $2.6 billion, a company run by Musk's cousin that was drowning in debt. Shareholders sued, claiming misuse of funds. Sound familiar? A judge eventually sided with Musk, but the stink of that deal never really went away. And now we're doing it again?

It's always the same song and dance. "Oh, it's for the greater good! Synergy! Innovation!" Give me a break. It's Musk shuffling money between his own companies, consolidating power, and building his "Muskonomy." Someone even gave it a name! It's like a freaking Marvel movie, only instead of superheroes, it's just…more Musk.

And the shareholders who voted for this? Stephen Hawk, apparently a Tesla investor, said, "Let's not outsource our destiny, but rather own it and maintain power, control, and safety." What the hell does that even mean? It sounds like something out of a bad sci-fi movie. "Own our destiny?" Dude, Tesla makes cars. Good cars, sure, but still just cars.

The AI "Supersonic Tsunami"

Then there's Musk's pronouncements about AI. He told Joe Rogan it's a "supersonic tsunami" that's going to wipe out desk jobs. Okay, maybe he has a point. But his solution is to...invest in another one of his companies that's building the very thing that's going to put people out of work? Elon Musk says the AI 'supersonic tsunami' will eliminate desk jobs 'at a very rapid pace'

He even envisions a "universal high income" utopia where robots do everything and everyone gets free money. Sounds great, offcourse, if you ignore the "trauma and disruption along the way." Trauma and disruption? That's putting it mildly. We're talking about mass unemployment, social upheaval, and who knows what else. And Musk is just like, "Yeah, but it'll be like heaven!"

I swear, the guy lives in a different reality.

But wait, what about the board? They're supposed to be the adults in the room, right? Brandon Ehrhart, General Counsel of Tesla, said the board will "examine the next steps in light of this level of shareholder support." Examine? They're going to "examine?" That's it? It's an "advisory vote," so they can do whatever they want anyway. It's all just a formality. Tesla will 'examine' an investment in Elon Musk's xAI It's all just a formality.

Grok and the $50 Billion Valuation

xAI, founded in July 2023, already has a $50 billion valuation. Fifty. Billion. Dollars. And it's built on...Grok, a chatbot that's integrated into X? Let's be honest, Grok is just a slightly more sarcastic version of ChatGPT. It's not exactly Skynet.

So, Tesla might invest in xAI. SpaceX already is, to the tune of $2 billion. X acquired X in an all-stock deal. It's all connected, all feeding into the same black hole of Musk's ego and ambition.

And honestly, it's exhausting.

So, What's the Real Play Here?

It's simple: Musk controls everything. He gets to play with AI, shuffle money around, and build his "Muskonomy" without any real oversight. The shareholders? They're just along for the ride, whether they like it or not. And the rest of us? We get to watch the "supersonic tsunami" roll in, courtesy of Elon Musk. Fun times.