XAI has been used by Musk to blackmail the Tesla board (in a way) into approving his pay package. It was the second “I have something else and can walk away” (along with SpaceX), and it was also the carrot (I can bring X.ai into the Tesla market cap…how else do I achieve these salary influencing targets now that BYD is outselling Tesla and Mercedes etc are outperforming while Weymo leads by so far in self driving?)

It would be weird to IPO it, unless Tesla / Musk lock up the majority of the stock