Redditsux@lemmy.world to World News@lemmy.worldEnglish · 11 days agoElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comexternal-linkmessage-square98fedilinkarrow-up1476arrow-down17cross-posted to: technology@lemmy.worldnews@hexbear.net
arrow-up1469arrow-down1external-linkElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comRedditsux@lemmy.world to World News@lemmy.worldEnglish · 11 days agomessage-square98fedilinkcross-posted to: technology@lemmy.worldnews@hexbear.net
minus-squareMunkysUnkEnz0@lemmy.worldlinkfedilinkEnglisharrow-up5·11 days agoWhat’s the point? Is it some sort of tax scheme?
minus-squareSnowstorm@lemmy.calinkfedilinkEnglisharrow-up20·11 days agoRestructuration of ownership and debt so that if Tesla fails he get to keep his assets in his other non public companies. At one point Tesla stock was leveraged to buy Twitter, i think that Elon shielded his assets because Tesla is way too exposed.
What’s the point? Is it some sort of tax scheme?
Restructuration of ownership and debt so that if Tesla fails he get to keep his assets in his other non public companies. At one point Tesla stock was leveraged to buy Twitter, i think that Elon shielded his assets because Tesla is way too exposed.