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As he often does, Musk is playing financial shenanigans. His money-losing failure of X gets sold to xAI, saddling the investors in his new company with his black of money losing fail, while handing himself and others even more billions.

This is similar to his raiding Tesla for resources to prop X. In recent years my opinion of Musk has gone from Iron Man to grifter, liar, and incompetent. But I’ll give him this: he’s a master at manipulating markets in ways that should be highly illegal.

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