Elon Musk is straight-up robbing Tesla and SpaceX shareholders blind — and they’re just letting him.
This is just SolarCity 2.0. Actually, at this point, it’s 2, 3, and 4. Same scam, different bubble.
First, Musk told Tesla shareholders:
“If you don’t approve my $55 billion pay package, I’ll take AI with me.”
They approved it — and then he still took the AI anyway.
He formed xAI, made Grok, started diverting Tesla’s AI talent to it — and now he’s trying to make Tesla and SpaceX pay him for it.
Think about that:
He created xAI while he was supposed to be running Tesla.
But in reality?
He wasn’t running either. He was too busy trying to bribe the U.S. government for $300 million in campaign donations so he could secure more EV credits.
That didn’t work — so now here we are.
Back to the only play he knows: robbing shareholders to keep his scam alive.
xAI is a sinkhole. Grok doesn’t work. It’s burning cash with no product-market fit, no value, and no future — but Musk wants shareholders to keep footing the bill. Meanwhile, Grok’s already made headlines by literally calling itself Hitler.
And the whole thing?
Runs on illegal gas turbines in Memphis. Completely illegal, and yet no one is shutting it down.
This is all painfully stupid when you realize:
Tesla or SpaceX could’ve just built Grok themselves.
They already had the talent, the funding, and the resources. But instead, Musk spun up a separate company just so he could funnel taxpayer-backed money into his own pockets.
He’ll keep doing this — spinning off fake companies, draining Tesla and SpaceX to fund them, and forcing shareholders to buy back the trash.
If that’s not criminal fraud, what is?
Musk’s not building the future. He’s just shuffling his fraudulent deck, siphoning billions into whatever company he personally owns, before the bubble bursts.
And when it does, the shareholders will realize:
He robbed them blind. Again.
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