Elon Musk's Twitter Acquisition Faces Legal Scrutiny Amid 65% Valuation Drop

Elon Musk's acquisition of Twitter, now known as X, has faced significant backlash as Fidelity Investments reported a 65% loss in its valuation within a year. This scrutiny is compounded by lawsuits from Tesla investors alleging breaches of fiduciary duty related to Musk's control over his AI venture, xAI, which some believe is a potential lifeline for his Twitter investment. Despite raising $12 billion for xAI, Musk's inflated valuation of the company at $125 billion has raised ethical concerns about self-dealing amid Tesla's declining stock performance. Meanwhile, on a lighter note, Musk expressed enthusiasm for a recent Joe Rogan podcast discussion on the de-extinction of dire wolves, sharing the excitement and supporting the scientific advancements involved. This juxtaposition highlights the contrasting narratives around Musk's financial struggles and his interest in groundbreaking technological endeavors. As these events unfold, the implications for Tesla shareholders and Musk's various business ventures remain closely monitored.