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codechicago277yesterday at 11:00 PM0 repliesview on HN

Elon Musk is a genius, but he’s a financing genius. Look at the long history he has of false promises supporting financing deals between his companies and you’ll see this for what it is, a cash injection and a lie to justify it. He did the same thing with a fake solar roof demo when Tesla bought the almost bankrupt Solar City. He also shifted resources from Tesla and SpaceX to support X in the early days. Even founding xAI outside of Tesla, when so much of its valuation was built on its AI capabilities, was questionable.