Elon Musk Transfers X Shares to xAI Amid Legal Battles: Market Volatility & Future Implications

Elon Musk has transferred substantial shares of social media platform X, formerly known as Twitter, to his startup company, xAI. This transfer follows legal disputes surrounding Musk’s ownership and business activities, raising concerns about its timing and potential consequences for the companies involved. ographies will closely watch how this action impacts both xAI and X’s future strategies. nterest is growing among analysts and investors as they assess the implications of the move.