Mr. Musk may consider a new round of funding for xAI to give it "proper value"

On April 22nd, according to CNBC, citing people familiar with the matter, Musk said in a conference call with xAI investors last week that he is considering giving his artificial intelligence startup xAI "appropriate value". Although Musk did not officially announce that a new round of financing is imminent, the source believes that this remark shows that xAI is preparing for a large-scale financing round in the near future. The company also discussed a target of $1 billion or more in revenue during the conference call. The source believes that Musk's appearance on xAI's conference call may be a signal for him to refocus on his business entity. The report also pointed out that Tesla, where Musk is CEO, has seen its stock price drop by 40% this year, which may call into question his management ability.