Musk's XAI Has Discussed Deal for Share of Future Tesla Revenue

Posted by Dore_nova on Sunday September 08, 2024 @09:21PM
from the wsj.com dept.

https://www.wsj.com/tech/tesla-xai-partnership-elon-musk-30e22313

( 3 comments | on HN )

Re:Musk's XAI Has Discussed Deal for Share of Future Tesla R... by peutetre on Monday September 09, 2024 @01:31PM (#41491057)

> “If somebody doesn’t believe Tesla is going to solve autonomy, I think they should not be an investor in the company,” Musk told investors on an April earnings call.

If the way forward for Tesla is to outsource this work to xAI, then Musk plainly doesn't believe Tesla is going to solve autonomy.

Why is Musk still CEO of Tesla?

[ Parent | on HN ]

Re:Musk's XAI Has Discussed Deal for Share of Future Tesla R... by Zigurd on Monday September 09, 2024 @01:46PM (#41491256)

Suppose you were offered that job. Reasonably, the board (full of Elon's buddies and relatives) will want almost all your compensation tied to the share price. The share price is down by half from the peak, but still has 10X the PE ratio of Toyota.

Tesla will not get a new CEO without there being a severe crisis.

[ Parent | on HN ]

Re:Musk's XAI Has Discussed Deal for Share of Future Tesla R... by TheAlchemist on Monday September 09, 2024 @03:09PM (#41492340)

I'm not surprised at all that Tesla board doesn't do anything (it's all family & friends after all).

I'm very surprised that the SEC allows all of this.

[ Parent | on HN ]