By Ricardo Lezama 
Elon Musk, the hateful, narcissistic CEO of X and Tesla, has now successfully revalued X by using his XAi project as a shell company that could finance the purchase. The deal involves moving privately held stock into XAI’s account in exchange for money that was likely sourced from large banks. The maneuver is likely just clever financial engineering.
The South African financier who ingratiated himself into Donald Trump’s inner circle with massive campaign donations is now easily accessing more and more financing.
Bloomberg reported one hour ago the following: “Billionaire Elon Musk said his XAI artificial intelligence startup has acquired the X platform for 33 billion dollars, marking a surprise twist for the social network formerly known as Twitter”.
In this sense, he has now made for the two social media companies and data Ai companies fate intertwined. This could expose millions of users to both data theft and even more automated disinformation on the platform, but more than anything, it anchors the financial fate of the billionaire to a trending topic in the world of high powered financiers just as Tesla is poised to have less and less relevance in mass consumer markets.
Tariffs
Curiously, just as Donald Trump wages economic warfare on behalf of monied interests, like individual billionaires in the Middle East and Russia alongside other despotic regimes in the word, Tesla has navigated the tariff issues by having a hyper local supply chain in the United States.
This means that the removal of both United States EV subsidies to all makers and the increase in costs for internationally sourced items has left Tesla, the world’s most controversial car brand, at the top of the car industry in terms of lower costs. The ability for Tesla to source parts and assembly in California and Texas while also having minerals and components not subject to the tariffs will surely help the beleaguered automaker in terms of costs.