Musk may consider a new round of financing for xAI, giving it 'appropriate value'

According to CNBC citing insiders, Musk stated in a conference call with xAI investors last week that he is considering giving his artificial intelligence startup xAI "appropriate value. Although Musk has not officially announced the upcoming round of financing, sources believe that this statement indicates that xAI is preparing for a large-scale financing round in the near future. The company also discussed a potential revenue target of $1 billion or higher during the conference call. Sources believe that Musk's appearance on xAI's conference call may be a signal of his renewed focus on his business entity. The report also pointed out that Tesla's stock price, where Musk serves as CEO, has fallen by 40% this year, which may raise questions about his management ability.