Elon’s Earnings Evasion: No Tesla Treasure from xAI!
Summary
Hold onto your steering wheels because Elon Musk just threw a curveball! The tech tycoon has slammed a recent report suggesting that his brainchild, xAI, was cooking up a deal with Tesla to share revenue from their Full Self-Driving (FSD) feature in exchange for using xAI’s fancy AI models. According to Musk, that’s a big fat ‘nope.’ In a post on his social media platform X (formerly known as Twitter, because why not confuse everyone?), Musk claimed he hadn’t even glanced at the article before declaring that the whole revenue-sharing gig is, and I quote, “not accurate.” Talk about your classic “read the room, not the article” moment, right? He did, however, give a cheeky shout-out to the budding friendship between Tesla and xAI, stating that they’ve learned some nifty tricks from each other along the way, but “no need to license anything from xAI.” So, what’s cooking in the Tesla kitchen? While there’s no formal revenue-sharing taco on the menu, it seems xAI has a few Tesla employees already in its ranks, possibly collaborating over lunch break ideas like a digital voice assistant that isn’t afraid to say, “Recalculating route!” A fun tidbit: Musk even played Santa last year by gifting xAI thousands of Nvidia AI chips, claiming that Tesla didn’t have room for them, like a parent begging a teenager to clean their messy room. But wait, there’s more! Musk flirted with the possibility of moving Tesla’s entire AI and robotics department to xAI, unless his compensation does a generous backflip. Shareholders, meanwhile, seem to be channeling their inner lawyers, taking Musk to court over concerns that all this xAI buzz isn’t exactly sweetening the deal for investors. Adding fuel to the fiery speculation is the upcoming Tesla robotaxi event scheduled for October 10. Mark your calendars, folks! Just don’t expect to see any fabulous robot dance-offs or rocket launches—yet. On a stock market note, Tesla shares were steadfastly rising before Monday, as per usual—because why wouldn’t they? Last week, they took a little roller coaster ride, eventually settling at $210.73, back under the 50-day line after a Friday plunge. If you squint hard enough, you might even catch a glimpse of a buy point at 271, less fancy than a designer handbag but still a goal some investors might be eyeing. In conclusion, as we cruise along the financial highway, just remember: keep your eyes on the road, your fingers on the stock updates, and your humor on maximum fun mode! Who needs a robotaxi when you can just ride the waves of Musk’s latest escapades? Follow Ed Carson for more twists and turns on this stock market highway!
Original Source: www.investors.com
