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Elon Musk has expressed that his companies are experiencing difficulties due to his involvement with the White House. He indicated that the demands of his political work are impacting the performance and operations of his various business ventures.
Elon Musk criticized his government role as detrimental to his companies, claiming it limits his ability to lobby for their interests. He also condemned Minnesota Governor Tim Walz for mocking Tesla's stock decline, labeling him a "jerk" and expressing concern over declining birth rates and America's stability. Musk highlighted recent improvements in government financial tracking systems as lasting changes from the Trump administration's cost-cutting initiatives.
Elon Musk's AI firm xAI has acquired his social media platform X, formerly Twitter, for $33 billion, valuing xAI at $80 billion. Musk stated that merging their capabilities will unlock significant potential, although details of the deal remain unclear. Following his 2022 purchase of Twitter for $44 billion, Musk implemented controversial changes that led to a decline in revenue and advertiser flight.
Starlink, led by Elon Musk, may introduce premium pricing in India due to limited capacity, with current infrastructure supporting 180,000 users and a projected increase to 5.7 million by 2030. Pricing could be 2-3 times higher than traditional providers, as seen in other markets. Despite its potential to serve underserved areas, Starlink faces regulatory hurdles and competition from established telecom players, while awaiting key approvals.
Elon Musk reaffirmed his skepticism of LiDAR technology, stating that Tesla's reliance on cameras and AI is sufficient for self-driving capabilities. He criticized LiDAR as unnecessary and expensive, labeling it a "fool's errand." Interestingly, a recent earnings report revealed that Tesla has become the largest customer of LiDAR manufacturer Luminar, accounting for over 10% of its revenue.
The US and China are in a fierce competition to lead in humanoid robotics, with Tesla's Optimus project aiming for 5,000 units by 2025, while China's Agibot and Unitree Robotics have set the same target. Unitree's G1 humanoid, priced at $16,000, undercuts Tesla's estimated $20,000 for the Optimus Gen2. China's rapid advancements are highlighted by 5,688 humanoid robot patents filed in five years, significantly outpacing the US's 1,483, bolstered by government support and integration into factories by major companies.
Elon Musk is positioning Tesla as a key player in his AI ambitions, leveraging data from its fleet of around 5 million vehicles to enhance xAI's capabilities. While xAI's Grok lags behind competitors like OpenAI, the integration of Tesla's data could significantly boost its foundation models and autonomous driving technology. Future plans may include a potential acquisition of xAI by Tesla, though complexities arise from Tesla's public trading status.
Elon Musk's xAI has acquired the social media platform X for $33 billion, consolidating his power across multiple ventures. The all-stock deal, which values xAI at $80 billion, aims to enhance the integration of data and AI models, particularly for Musk's Grok chatbot. Despite the merger, details on investor compensation and leadership integration remain unclear, while Musk faces ongoing legal challenges related to his previous Twitter acquisition.
Elon Musk has sold social media platform X to his AI company, xAI, in a $33 billion all-stock deal. Founded in March 2023, xAI aims to understand the universe through advanced AI, with Musk as its primary owner. The merger is expected to enhance user experiences by combining xAI's capabilities with X's extensive reach.
Musk has merged his AI company with X, announcing a combined valuation of $113 billion. This strategic move highlights Musk's ongoing commitment to advancing AI technology within his broader business ecosystem. The merger is expected to enhance innovation and market competitiveness.
Elon Musk
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Elon Musk claims his companies are struggling due to White House involvement
04:43 29.03.2025
Elon Musk criticizes government role and mocks Tim Walz over Tesla stock
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