- cross-posted to:
- world@lemmy.world
- cross-posted to:
- world@lemmy.world
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It’s equivalent to plugging a surge protector into itself— eNdLesS pOweR!!!
Except for the fraud part.
It’s astonishingly ludicrous what these assholes get away with.
He traded a liability for an asset. Distanced X from his personal assets (Tesla stock) used as collateral. xAI now has massive amounts of debt and Elon just owns the company that owns it.
Plus the $11B loss that he gets to deduct…
It’s a private company, he can’t.
