News for hackers. Stuff that matters.

A comment on xAI has acquired X, xAI now valued at $80B. Parent comment

Re:xAI has acquired X, xAI now valued at $80B by bloppe on Friday March 28, 2025 @06:40PM (#43510632)
You forgot to mention that China, Vietnam, Thailand, and Indonesia are all betting big on EV production. China is of course the main competition, but it's telling just how stiff the competition is getting across the board. BYD is currently making more cars than Tesla, with more advanced battery technology and comparable build quality, for a fraction of the price of any Tesla.

Meanwhile Elon is too busy rage-tweeting and K-holing to work on any of the things Tesla promised it would do this year, like release a model 2 or something with robots

[ Parent | on HN ]
Re:xAI has acquired X, xAI now valued at $80B by Workaccount2 on Friday March 28, 2025 @06:49PM (#43510725)
The auto tariffs are a present for Elon. Teslas are the most American of American cars, and while they do still use foreign parts they use the least out of everyone.

On top of that, in the EV category, Tesla is pretty much the only one made in the US.

[ Parent | on HN ]
Re:xAI has acquired X, xAI now valued at $80B by bloppe on Friday March 28, 2025 @07:15PM (#43510913)
Tesla made 50% of its revenue in the US in 2024. It's a global company. Trade wars will not be the massive boon Tesla investors are hoping for.

Remember that their current P/E ratio is ~134, so the stock price already has a ton of growth priced in.

[ Parent | on HN ]
Re:xAI has acquired X, xAI now valued at $80B by toomuchtodo on Friday March 28, 2025 @07:00PM (#43510800)
https://rivian.com/

https://www.axios.com/2025/03/27/trump-auto-tariffs-vehicles...

[ Parent | on HN ]