Elon Musk's AI start-up raises $6 billion: What it means for Tesla investors
Tim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss Elon Musk's artificial intelligence startup, xAI, raising $6 billion, Musk's $56 billion pay package drama at Tesla, and more.
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8 күн бұрын
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8 күн бұрын
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8 күн бұрын
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8 күн бұрын
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8 күн бұрын
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Ай бұрын
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Ай бұрын
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Ай бұрын
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Ай бұрын
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Ай бұрын
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Ай бұрын
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Ай бұрын
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The man achieved what he promised, now you don't want to pay what you promised? Really?
@thenorthman9599
Ай бұрын
Yes but they pinky promise they will honor the new deal.. super promise
@Talpiot_Program
Ай бұрын
It was puffed up, then dropped straight back down. It's called fraud.
@power2me1
Ай бұрын
We live in a nation of cry baby snowflakes who don't honor contracts or deals.
@darylfoster6133
Ай бұрын
The shareholders were ok with it. It was a socialist judge who thought she knew better.
@aaronwhite3119
Ай бұрын
If you ever wanted a chance to stick it to a billionaire, well here is your chance...
Give Elon Musk his money
He made allot of average retail investors millionaires. He deserves his pay for the last 6 years. If we strip him all his billions, than to be fair, everyone that made profits with Tesla stock, should give all that money back too. Than is that fair?
@gerritjanboeve
Ай бұрын
Illegal pay package. Voided by judge.
@andrerodriguez7603
Ай бұрын
@@gerritjanboeve ?🥴
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@gtavsorteio
Ай бұрын
HE MOSTLY ON TELEGRAMS, USING THE USERNAME
@gtavsorteio
Ай бұрын
@LukasTSD
@axelleayad
Ай бұрын
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Ай бұрын
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Ай бұрын
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Ай бұрын
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Ай бұрын
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Ай бұрын
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Ай бұрын
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Ай бұрын
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he has balls!!!
@fernandomescalito5307
Ай бұрын
It's called courage
@engmsaif1
Ай бұрын
This what i meant also😊
Yes they had a Deal and of course the Board should Honor that Deal!
If The Mix Between The Two Are Not Related Into Each Other , Mr. Elon Musk Needs To Answer A Lot Of Questions Given NVIDIA Is Getting Into The Market Much Faster Than Anyone Anticipates As It Has Been. Sincerely ❤️❤️❤️, KNT.
Give him his money!
Tim: Exactly, help me spread FUD, CNBC.
it's pretty simple, they had a deal to pay him 50 billion $ if he brought the valuation of the company to where it got, --- they need to honor their contract and pay him. there's really no grey area. people with 1 or two shares should not be able to vote to cancel his previously agreed upon pay package - these are core tenets of the american business system, if every company could dodge paying out their contractual obligations nobody would invest in american companies and the US would be seen as a scam country
Ok, now they’re saying tsla is a AI company😂
@heyoa7714
Ай бұрын
Yes this is his new Idea in case Tesla cars failed
@SteelersNSalsa_deMex1co
Ай бұрын
We just call it Tesla Energy
Pay the man ... He earned it!
"Hey, there's a bubble"
@rajeshgajwelly9035
Ай бұрын
AS INDIAN I SEE BUBBLE BUBBLE BUBBLE BUBBLE UGH BUBBBLE BBUBBLLE AS INDIAN I BUBBLE BUBLLE BUUBBLE
WSJ.. this clown hardly biased......lol
Ive been following tesla since 2016 and the story has changed sooooo much. 2016-2018 = dominant ev car company thesis 2019-2022 = energy, ev, fsd 2023-present = energy, ev, artificial intelligence, humanoid robotics, robotaxi Im waiting for 2025 to see what else changes
How many times is Elon Musk name mentioned on this program weekly?? As if he's the only guy that can run an American company.
@darylfoster6133
Ай бұрын
CNBS is obsessed with Elon Bad.
@vinzole
Ай бұрын
You guess it
@aaronwhite3119
Ай бұрын
I guess it's probably 7-8 times an hour. Maybe 80 times a day. At least 500+ times a week. Apparently the only guy doing anything useful these days.
@vinzole
Ай бұрын
I meant you guess it why (does cnbc * like to * mentioned Elon Musk)
@michaelnurse9089
Ай бұрын
He is the only one doing any innovation - Apple Vision Pro does not count.
Elon is the best !!!
Does she understand the difference between a large language model and computer vision / navigation? Yes! They are both AI, in the same way lions and kittens are both cats… but they are two very distinct areas. Financial media talks about AI in such an ignorant manner. They don’t even understand the product they are hyping.
@darylfoster6133
Ай бұрын
Kind of like the jab.
@nikitamcconnell8027
Ай бұрын
Could you elaborate more please?
Give Elon his options!! A deal is a deal! He can’t even exercise them for another five years!
@elftax
Ай бұрын
He cannot exercise the new options… but there’s nothing stopping him selling the shares he already owns.
Robotaxi and Optimus are using Tesla's AI.
@jordanslingluff287
Ай бұрын
Nope. That's a bunch of bs
@markplott4820
Ай бұрын
Cybertruck gets FSD mid JUNE 2024
@sireel
Ай бұрын
@@jordanslingluff287 Nostradumbass has spoken.
@michaelnurse9089
Ай бұрын
@@jordanslingluff287 Um...you sure?
@jordanslingluff287
Ай бұрын
@@michaelnurse9089 AI isn't really a thing yet. It's a buzz word to pump up share prices. Maybe one day.
It means he’s still negative 38 billion.
maybe the only remaining users of X will be AI talking to each other.
Buy Nvidia, Elon is going to buy all of their chips.
@markplott4820
Ай бұрын
ELON , buys own Chip FAB . puts NVIDIA out of Business.
@NathanAtkinson590
Ай бұрын
@@markplott4820 That would be like buying an empty building for a bakery without the bakers or a recipe. Not to mention that he’ll be on a decade long waitlist to get any equipment, more money to get the bakers and even longer to get a working recipe.
@markplott4820
Ай бұрын
@@NathanAtkinson590 - all AI created by GROK
@markplott4820
Ай бұрын
@@NathanAtkinson590 - HINT , either Tesla finds Chip Machines or they will Design & Build THEMSELVES. Tesla has HISTORY of this. IF , they unable to secure Equipment , Tesla will make own.
@Dou6.2
Ай бұрын
@@markplott4820You have truly drank too much of the kool-aid
That name is sick XAI
Elon will 100% leave Tesla if they screw him on his compensation package and he would be right to do it.
@ruam
Ай бұрын
Its the other way around tesla is gonna fire elon if he try to screw them with that idiotic pay package.
@nickv8816
Ай бұрын
@@ruamthe board approved it so why would they fire him. Don’t be ignorant.
Musk needs to do motorcycle type R2D2
@markplott4820
Ай бұрын
TESLA under MUSK wont ever build Motorcycles.
Has so much but donated so little.
@michaelnurse9089
Ай бұрын
He donated it all to landing on Mars. His 100 kids will get zero.
@albertvazquez2893
Ай бұрын
who gaf
Insiders are betting that he will merge FSd and Grok and move it to XA.I and make Tesla a customer that will pay Xai licensing fees to use Fsd and Grok, in other words he's going to create revenues for Xai from Tesla and take Xai public giving himself a majority of the xai stock.
@michaelnurse9089
Ай бұрын
He cannot move FSD out of Tesla. Every single shareholder would sue that same day. You cannot just move assets around.
@nickv8816
Ай бұрын
@@michaelnurse9089 no, but he can cut r&d to those departments and eventually close them down after the tech becomes outdated which won’t take long in the AI world. He could gut that company extremely fast. I say pay him what he’s owed.
electric RVs come on elon lets go to the grand canyon.
@mheard1994
Ай бұрын
Electric RV is brilliant
Are you familiar with the connection between AI and FSD?
Support Elon
Tesla is more ambition than basics. Door panel gaps are atrocious. Interior is shoddy. They seem afraid of their own customers with delivery model. Normies want to drive with muscle memory, not an fn tablet. 12K for a software package is greedy for being his crash test dummy. You got my opinion here.
@SirIsaacMewtonIII
Ай бұрын
tesla cars have pretty normal steering wheels noob
You mean it’s better for Elon to make XAI public and go through the hell of shorters, media accusers, haters ? I fully understand why he wants xAI private . That’s it.
My God. Musk is the most straight and committed business leader the world has seen for decades, or maybe centuries. He does what all "the Experts" said was impossible in terms of car design, production & profitability, reduction in carbon emissions, reduction in human misery casued by road deaths and injuries, advanced low cost rocketry that may save our existance, helping paraplegics have a better life. Has he made mistakes - of course everyone has, but he learns, teaches and shares his successes. Please show some balance rather than envy.
How do I invest buy
@Giga_Bateman
Ай бұрын
Check Equity Zen or Forge
@albertvazquez2893
Ай бұрын
thru your phone trader apps and your bank
😂 I don’t believe in stuttering guy anymore. Good luck 😂
Many billionaire CEOs simply let the existing equity in the company act as the majority of the incentive, after all if Tesla rises in value Musk's existing shares will increase in value. Musk in the context of this best practice appears very, very greedy. The reality is, if the board offered Musk nothing and he walked, the company's stock would drop significantly on the back of him leaving, that would cost Musk billions. It's the board that has the leverage, not Musk, but because as the court found they are in his pocket, they are shamelessly giving the guy a gigantic comp package.
It means that TSLA is simply a car manufacturer, for cars few people want to buy. Calling TSLA an AI company is bunk.
@Zaerki
Ай бұрын
So you're just completely ignoring FSD? Seems like a very reasonable, measured perspective.
Elon take trump with you to Mars And stay there
I don’t like when rules seem to shift - FanBoy types be wary.
Legacy auto doubted Tesla in the beginning, started chasing Tesla shortly after, then walked back their EV ambitions as Tesla continued to skyrocket in sales, safety, & innovation. Life comes at you fast. Moral of the story: watch your mouth.
@josephmedina6403
Ай бұрын
He could have also built a social media new from the ground up but that would be too hard for a rich wealthy individual like musk
@mikapeltokorpi7671
Ай бұрын
Legacy auto is doing much better in 2024 than Tesla....
ELON deserves to be paid!!. Why should he be engaged if he is not getting paid!!! Hasn't he proven himself!! WTF
Just making sure everyone understands - Enron Musk isn't raising money for ex-AI. He said so herself.
Obviously Elon will not give away his talent for less than it is worth. So, if you want Tesla to lose a lot of value, just keep trying to take away what he earned. It might take a while, but Space X, and Xai will overtake Tesla in value and he knows that.
You ain’t keeping me and Will apart or doing anything else Mat or Trump. God doesn’t need a hospital, computer AND DEFINITELY NONE OF YOU
kon bilkol sahi hain kon bilkol galat hain fasla bilkol sahi bhi! Nauman
If he doubles the share price from here then sure give him the bonus.
@darylfoster6133
Ай бұрын
He's already 12x the share price since the package was originally approved.
AI is not one thing.
CNBS's magic - ability to make every Elon's news negative.
Stop talking.
Elon Musk is a loose cannon...this is why I haven't invested in Tesla!
@JodiHummel-ty7bu
Ай бұрын
No he isn’t, far from it, honestly he is making space innovation products and called a loose cannon at the same time😂
@JodiHummel-ty7bu
Ай бұрын
Space doesn’t let you be a loose cannon🤦♂️
Elon the greatest entrepreneur Engineer
@MatthewMS.
Ай бұрын
As long as he is a Nvidia customer I’m on board
@MatthewMS.
Ай бұрын
Go Elon! 💰
@take5th
Ай бұрын
Agree. Still, he shares the other trait of genius technologists and money managers: awful human being.
@ArturoGarzaID
Ай бұрын
Elon is a fraud. He’s jealous of Sam Altman.
@MatthewMS.
Ай бұрын
@@take5thoh he is a disgusting monster, not a human. However he is a customer and paying me so for now I’ll turn my head.
Musk is no stranger to broken contracts lol
Tesla will merge with xAI.
Trump and Elon are the best people on earth!
This dilutes the potential of those funds, because SpaceX has better profitability trajectory than xAI (which is way-way-way behind competition). Tesla buying services from xAI might be illeg due Musk.
He could make Tesla the best, biggest brand in the world if he quit spreading himself so thin. Nobody cares about Twitter/X.
I rejected the rejects pay package for Tesla. Elon might be book smart but he has zero street smarts. I'm glad this 1d10t can't run for public office.
Gonna fail like everything else AI
Elon Musk has one mission in life: to colonize Mars. SpaceX's Starship will provide the transportation, and Optimus will handle the main labor duties, including controlling the Boring Company machines to build Mars' infrastructure. Tesla's Megapack batteries and solar panels will supply Mars' electric grid system. Transportation on Mars will utilize the Tesla Robotaxi FSD system. Finally, when humans are ready to use the finished infrastructure on Mars, they will use the Neuralink system to control all the robots. Communication between Earth and Mars will be advanced by then, thanks to Starlink. Elon Musk's X and xAI companies will generate the funds to pay for his project
Tesla stock will be Brookshire Hathaway stock A series in the next 10 years
Give Musk his payout so Musk works under the Tesla umbrella rather than starting another company
TSLA shareholders should get shares of Xai. We paid for twitter, or will once he gets his options package. Speech was free for who now???
@asgglass2709
Ай бұрын
TSLA shareholders will get only Tesla shares and Elon must be given his share of the 55 Billions, or else sayonara, TSLA, ELON HAS OTHER AREAS TO MAKE MORE MONEY.
@jimdillard2951
Ай бұрын
If you don't like Elon or how much he wants to be paid then sell TSLA. No one is forcing you to hold.
@markthomas7279
Ай бұрын
This nothing to do with Tesla and EVERTHING to with the Deep State opposing Musks acquisition of Twitter and government censorship.
@markthomas7279
Ай бұрын
@@jimdillard2951But what they want is to bring him to boot for buying Twitter. The level of censorship and state control / authoritarianism is really quite scary.
@take5th
Ай бұрын
@@asgglass2709 I know. It’s blackmail.
So it’s just about money for him then? I thought it was about making the world a better place? What CEO says if I don’t get this pay package I’m going to spend less time focusing on Tesla than other endeavors? What the hell is that, either he wants to be CEO of Tesla or not. If that’s the case shareholders should oust him and get someone that actually wants the job.
@TheMagicJIZZ
Ай бұрын
Do you think Elon is a slave?
@markthomas7279
Ай бұрын
But that's not even what he is saying. What he is saying is that he does not want to develop AI in an environment where nefarious shareholders could make a hostile bid in order to take the company down anti democratic AI developments. In fairness you can hardly say that is not possible given the current vote. So basically he is not going to take Tesla AI places where it could be misused following a hostile takeover. Now we can discuss this point.... But this the point. He does not want his Tesla legacy to be RoboCop!!
@maxsheng8215
Ай бұрын
He wants control of the company. Money is something he needs too to develop the technology or do anything. You talk like wanting money is a evil thing.
@VMYeahVN
Ай бұрын
Literally all CEOs would do that. All CEOs are money hungry greed machines. Elon was never any different, he was just taking his giant bonus as a lump sum if Tesla reached it's goals. But he's still just in it for the money and to make the world bend to how he wants it to be just like every other CEO.
@ArturoGarzaID
Ай бұрын
Elon is a doofus who doesn’t know what he’s doing. He’s not a genius, didnt found Tesla, and wants to take credit for everything. He probably couldn’t even pass the most basic MIT physics exam. He’s also jealous of Sam Altman for stealing his spotlight. The dude is a narcissistic sociopath. The board of Tesla are there just to do whatever Musk says and fatten their pockets. They’re all just selling shares like that Tesla chairwoman Denholm who has sold $50 million worth of shares this year and that other Tesla dude that sold $181 million of his shares? Why are they selling shares? Tesla is a house of cards waiting to come crashing down, Elon is in over his head and is scrambling to cash out before it hits the ground.
tesla will buy Xai combine Its LLM with its real world AI and in doing so elon will have his 25% in tesla
@Jeremy-Ai
Ай бұрын
This is the most likely outcome or similar to it. Elon, isn’t concerned about his personal compensation… he already knows and has proved money follows success. So yes, he will do what he has done before, be successful. What we think isn’t relevant anymore to him. Jeremy
@DynamicUnreal
Ай бұрын
@@Jeremy-AiMore likely he’s going to hold back on Tesla as he plays with his new toy in order to force the 50 billion he deserves to be given to him.
@Jeremy-Ai
Ай бұрын
Time will tell You tube wont let me explain. It does this alot to me.
Its simple, Tesla need a new CEO.
@nickv8816
Ай бұрын
Tell me how that worked out for Apple when they fired Steve Jobs? If the right leader isn’t in place it will become stagnant or crumble. Great CEOs are hard to find.
Tesla would be better off without Elon! I hope he leaves.
@alexmendez3681
Ай бұрын
How do you figure? Isn’t he the guy that made Tesla grow? Why would you get rid of the guy that created the EV market?
@rtothe7068
Ай бұрын
@@alexmendez3681 because he’s no longer being innovative and driving this particular company forward. The EV market is more competitive now and Tesla also needs to evolve and it’s not. He needs to sever and let the people are really doing the work move Tesla motors forward.
@nickv8816
Ай бұрын
That’s just ignorant. Tesla is only where it is today because of Elon. Without him it would have gone bankrupt long ago. Fire him now and it will become stagnant and follow the same path as legacy auto, just another boring car company.
@rtothe7068
Ай бұрын
@@nickv8816 how about you learn how to give your opinion without starting with an insult goofy. Other than that idgaf about anything else you said.
Everyone stop buying a Tesla car and let Tesla go out of business.
@fodiographer
Ай бұрын
No thanks
Down 30% YTD, but let’s give him $30 billion anyway. 🙂
Some facts 1) 56bn was a long ago value - now it is worth half that 2) It was expensed years ago in the books. 3) Elon must PAY cash to Tesla to exercise the options
Funny they only talk about 2 out of his 8 active projects. To remind everyone, here is the list of all his active companies and projects; SpaceX Tesla, Inc. Neuralink The Boring Company xAI Starlink (a division of SpaceX) Tesla Energy (a division of Tesla, Inc.) So the real question is how much weight should he be assigning his efforts to each of his projects.
@nickv8816
Ай бұрын
A great leader knows how to delegate power. He could run twice that many companies and they would all be successful
Hustler. Another one hit wonder rich kid.
@djsausagebiscuits
Ай бұрын
This could also be referred to as an extraordinarily successful individual.
@darylfoster6133
Ай бұрын
@@djsausagebiscuits The haters just don't get it
Pay the men his money ,,,,,,,, it was a contract and he agree to it
@alexgamble4718
Ай бұрын
Which was found by the court to have been negotiated by a board which essentially are Musk proxies, offered no push back to his demands, despite fiduciary duties to all shareholders.
Tim Higgins is jealous of elon musk
Tesla doesn’t exist without E.
lol... Investors still dumb enough to give Elon Musk money. They deserve to lose their money 🔥😂 He's bitter over open AI and clearly riding the AI train to the moon! 😂
FSD is AI. Billions of miles driven with cameras watching and learning every day.
Continuing with one of the dumbest narratives ever
Elon wants a reward, w/Tesla sitting on 45,000+ unsold inventory? Despite slumping sales in the face of price cuts? Stockholders beware. When the first Tesla creditor gets defaulted on, Elon’s house of cards is gonna collapse quick.
This guy is a clown
Give Elon Musk his money
@rajeshgajwelly9035
Ай бұрын
Elon take what he can, the others suffer what they must.
@mysticwatersoo
Ай бұрын
He should be stripped of his executive role. He should become a tv star as that's what he does best, showoff...
@Muenster187
Ай бұрын
Give him his money! He build it all….what are you doing?
@andrerodriguez7603
Ай бұрын
He made allot of average retail investors millionaires. He deserves his pay for the last 6 years. If we strip him all his billions, than to be fair, everyone that made profits with Tesla stock, should give all that money back too. Than is that fair?
@gerritjanboeve
Ай бұрын
Illegal pay package. Fire Musk.