Elon Musk announced this week that xAI has acquired his social media platform X, performed through an all-stock transaction expected to make it easier to raise additional funding for the combined entities.

In a post on X on Friday, Musk said that xAI acquired X in an all-stock transaction, with xAI valued at $80 billion and X at $33 billion, considering a $45 billion value less $12 billion in debt for the social media company. He adds that combining the companies “will deliver smarter, more meaningful experiences,” along with offering a “platform that doesn’t just reflect the world but actively accelerates human progress.”

A report from the Wall Street Journal said that shares of X and xAI would be exchanged for shares in a holding company dubbed the xAI Holdings Corp., while the report also claimed that executives at both firms believed merging would make it easier to raise funding.

You can read Musk’s full statement on the acquisition below.

xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).

Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale.

X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient companies in the world, positioning it to deliver scalable future growth.

xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach. The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge. This will allow us to build a platform that doesn’t just reflect the world but actively accelerates human progress.

I would like to recognize the hardcore dedication of everyone at xAI and X that has brought us to this point. This is just the beginning.

Thank you for your continued partnership and support.

READ MORE ON XAI: Elon Musk’s xAI gets investment from Nvidia in recent funding round: report

Musk officially purchased X, then called Twitter, and took it private for $44 billion in October 2022. The Tesla CEO then launched xAI in 2023, along with debuting the company’s first product, Grok, first as a large language AI model that was only available on X. The model has since been developed more and has added image generation, and the company last month debuted the latest-gen Grok 3 update.

Last month, it was also reported that xAI’s upcoming $700 million data center in Atlanta would be operated collaboratively with X, which is expected to eventually utilize over 12,000 Nvidia GPUs. The AI firm also activated an even larger data center in Memphis, Tennessee last year, dubbed Colossus, and expected to sport 200,000 Nvidia GPUs upon completion.

Elon Musk says xAI will develop an AI game studio

The filing of a lawsuit by a Tesla owner who had his vehicle vandalized by a brainwashed member of what is being called the “Tesla Takeover” movement should be the first of many.

For the past few months, we have seen so many instances of intimidation by those who oppose Tesla, CEO Elon Musk, and President Donald Trump. These occurrences have been incredibly frequent and have varied in terms of their severity. It’s been as arbitrary as keying a car, and as violent as gunshots and Molotov cocktails being shot and thrown at showrooms.

The side of the perpetrators seems to be under the impression that President Trump and Musk are punishing those who have differing viewpoints as if their very livelihoods are under attack. The problem is, although government spending and some government programs are being modified or eliminated, there is no specific group being targeted, which is a big reason the use of the word “Nazi” has been baffling to me over the past few months.

That other side will have you believe there is a right-wing force that has taken over the government and aims to violate the rights of everyone who is unlike them. Ironically, it is precisely what the “protestors” are doing. Don’t agree with us? Okay. We’ll damage your vehicle.

Although the Trump administration and the FBI have set up specific measures to investigate instances of vandalism and hopefully eliminate it altogether, things have not truly calmed down. In fact, it seems it is getting worse.

However, a lawsuit filed by a victim of one of these senseless attacks has set a new precedent: damage my car, you will find yourself in a lawsuit:

🚨 The first-ever lawsuit against a man caught on video using Sentry Mode as he vandalized a Tesla has been filed.

An anonymous Tesla owner has sued Rafael Hernandez, who was arrested after Sentry Mode caught video of him keying a vehicle.

The Plaintiff is suing for infliction…

— TESLARATI (@Teslarati) March 26, 2025

In actuality, this might be the best strategy for minimizing the instances of vandalism we have seen over the past several months. Nothing seems to be working, and the attackers, who appear to be of all shapes, sizes, and ages, only seem to be doing it more often, despite being caught on camera by Sentry Mode.

The suit that was filed against Rafael Hernandez, who keyed a Model X at DFW Airport, seeks $1m in damages. While it is unlikely he will be awarded that significant sum, what Hernandez ends up paying could be significantly more than just the amount of repairing the scratch.

This all funnels down to one specific point: Tesla drivers are simply that, people who drove to buy and drive a Tesla. Driving a car is not a political statement; it is, in many ways, simply a choice of convenience. People choose EVs for many reasons, with home charging, performance, and look being several of them.

Ask 100 Tesla owners why they bought the car, and I’m sure many would not say, “Because I love Elon Musk and agree with everything that comes out of his mouth.”

I am an Elon Musk fan, but I don’t agree with everything he has done or will do. I don’t agree with everything my parents, my friends, or my family do. I am not a loyalist to anyone except myself. This is where I find the vandalism to be so distasteful.

If Toyota’s CEO came out and said things that were controversial, for example, “We’re not transitioning to EVs because we don’t feel it’s the right time with demand,” something that was stated a few years ago as a part of their strategy, do you think Tesla owners were keying Toyotas? No.

Support brands that line up with your ideologies. Avoid ones that don’t. People of all ages do this peacefully. If you want to hurt a brand, don’t give them or their customers your money. Keying a Tesla might result in both with this initial lawsuit.

The point is, there is a right way and a wrong way to go about this. Vandalism is not the right way. Not only are you disrupting someone’s life who has nothing to do with Tesla, but now you’re putting yourself in the line of fire for a particularly substantial sum of money. Additionally, you’re not winning over any fans with this type of reaction. Nobody said “I now see their point since they keyed my car, I agree with them.”

I am hopeful that this lawsuit will encourage Tesla to go after the violent vandals who have attacked its stores. I am hopeful that this lawsuit will encourage Tesla owners to go after the violent vandals who have had their cars damaged by senseless people who have differing political views.

Perhaps this is the move that will start to bring down the frequency of these attacks.

Tesla critics would typically paint the company’s electric vehicles as reliability nightmares with subpar build quality and cheap materials. As per a survey from the U.K., however, the opposite is true, as Tesla is not just the country’s overall best-rated car brand, it is also the second most reliable carmaker.

The survey was conducted by HonestJohn.co.uk, which asked its readers to rate their cars across several metrics, such as efficiency, reliability, practicality, safety, comfort, and performance. Over 6,000 respondents participated in the recent survey.

UK’s Overall Best-Rated Car Brand

Based on the respondents of the Honest John Satisfaction Index survey, Tesla was the U.K.’s best-rated car brand for 2025 with a satisfaction index rating of 89.41%. In second place is Japanese premium carmaker Lexus, which garnered a satisfaction index rating of 86.32%. In third place is Porsche, which garnered a satisfaction index rating of 84.79%.

Tesla’s Reliability Surprise

While Tesla’s high customer satisfaction index scores in the survey were not that shocking, the company’s rankings in reliability are especially surprising. Tesla critics typically accuse Tesla of producing vehicles that are not reliable or are prone to imperfections like panel gaps. But as can be seen in the U.K. survey, Tesla’s reliability has actually improved a lot. 

Tesla’s reliability rating in the Honest John survey was an impressive 95.29%. That’s just below Lexus, which was the number one at 97.01%. Tesla was also above Toyota, which was in third place with a reliability rating of 94.65%.

What Honest John Says

In its rankings for the U.K.’s most reliable car brands, Honest John highlighted that while Tesla tended to be hit or miss with things like build quality in the past, the company has matured a lot in recent years. 

“While we were always impressed by the technology within Tesla’s range of exclusively electrically powered cars, build quality seemed to be a little hit and miss, to say the least. Evidently, matters have improved significantly in this regard according to our readers’ feedback as not only has the brand scored well for reliability across its four-strong range but the Tesla Model 3 was also rated as the most satisfying car to own overall,” the publication wrote.