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Musk's latest startup is barely a year old and already it is worth $24 billion. But Tesla shareholders fear it will compete with the carmaker for resources.
Sequoia and Andreessen Horowitz invested in xAI to a valuation of $24 billion, but Musk fans fear xAI may distract the billionaire from EV maker Tesla.
When you have a CEO as powerful as Elon Musk, who is inarguably responsible for a sizable chunk of Tesla's gargantuan market cap, corporate governance inevitably takes a back seat.
“I have a dream,” said Martin Luther King. Well, so does Elon Musk, and it centers on Twitter grabbing a $250 billion valuation.