George Pearkes: So the bull thesis on Tesla is that it's an AI stock, not an auto OEM reverting to the mean amidst surging competition. Meanwhile, its CEO is reallocating assets to his private company at the expense of TSLA. hmmmm. *MUSK TELLS NVIDIA TO SHIP AI CHIPS FOR TESLA TO X, XAI: CNBC

So the bull thesis on Tesla is that it's an AI stock, not an auto OEM reverting to the mean amidst surging competition. Meanwhile, its CEO is reallocating assets to his private company at the expense of TSLA. hmmmm. *MUSK TELLS NVIDIA TO SHIP AI CHIPS FOR TESLA TO X, XAI: CNBC

Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAIwww.cnbc.com Emails circulated inside Nvidia show that Elon Musk was telling the chipmaker to prioritize shipments of GPUs to X and xAI ahead of Tesla.

maybe the bull case is that Musk’s blatant corruption and self-dealing is actually beneficial bc it’s deferring expenses for the public company until the AI bubble inevitably bursts and it can refocus on car making

...that's not the worst thesis I've heard, but it still doesn't justify their extreme premium vs other OEMs

I wouldn't be particularly surprised if he encouraged or expected this leak as part of squeezing tesla for equity

Tesla re-coil

I think it’s obvious he’s trying to make Tesla a client of his private AI company, so he can funnel retail investor dollars into his own pockets.

Are we going to have go back to the Chancery Court

not a lot of people know the E stands for Elon

(in case Gen Z missed out on classic Warner Bros)

I've seen this before somewhere long ago

How does this move not constitute stealing from his public company? Is Elon simply shrugging off inevitable shareholder lawsuits as a cost of doing business the way he wants to?

It shouldn't be a lawsuit. It should be a prosecution.

Beginning to think things aren't looking great for Tesla. The car company, not the band. The band, as best as I can tell, is doing just fine.

The bull thesis on TSLA is “hot potato”

Been a while since Bus Orgs but this seems like it's less than ideal re: Elon's duty of loyalty.

wow, thats brazen even by Musks standards, so actively undermining his own narrative

Isn't this illegal? Like this feels like a major financial crime.

Yeah, Tesla is the cow that Musk is using as his own pet bank to fund all his... other efforts.

He's diverting inventory from the same shareholders he wants to give him $56 billion. Huh…

elon's passion is supply chain management - whatever supplies cash and power into his pockets.

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