Amy

TESLA AFTER A SPACEX IPO Many analysts assume a static pie — i.e. a scarcity mindset. They think a SpaceX IPO hurts Tesla longterm by splitting Elon’s (and investors’) attention. They somehow forgot that Elon Musk built both Tesla & SpaceX simultaneously to trillion-plus valuations. Tesla has always been volatile, a SpaceX IPO is just this week’s excuse. Traders make money from volatility. These analysts are ALREADY WRONG. Within 3 months of AJ’s doomsday 2/25 analysis, Tesla & SpaceX are deepening a mutually beneficial partnership. This isn’t a zero-sum game. Instead of each company remaining on a trajectory to be an $8 Trillion company, Elon Musk leveled up to a new 100 Trillion market cap goal. Instead of competition between Musk companies and divided loyalty, Elon Musk has tasked Tesla/SpaceX/xAI with one audacious mission: remove the constraint of Earth and its limited resources by kick-starting a true Space Economy flywheel. Digital Optimus, the Terafab and AI Space Compute are just the start. A SpaceX IPO primes the flywheel with initial operating cash. This is the biggest undertaking in human history — an investment opportunity that could exceed today’s Earth economy by 10x, 100x, or even 100,000x. What’s the actual limit once humanity goes galactic? The “Elon Musk community” doesn’t split — it gets stronger as the mission converges. 🧵 Next, don’t ignore the early signals & kick yourself later

TESLA SEMI: The wait is over. The high production factory is set to ramp production soon. Trucking will never be the same again. Anyone who lives in - or travels to - the mountains knows what a game changer it will be that the Tesla Semi can maintain a normal speed up a grade.

Thanks for writing this comment as a lot of people feel like you do not wanting to be greedy and to be “realistic”, ie Pigs Get Slaughtered on the Market. But this is an Elon Musk company and even looking at Tesla’s IPO it was far from a high. The best companies on the world so far better than a 35x increase. There is a lot of upside left to creating a new space economy. The idea that a company went up x amount and is now done is a fallacy that people buy into that causes them to sell while a company is still increasing its market cap. ♦️By far the better question is how much of the companies current projects has Wall Street priced in? For SpaceXAI that answer is not even close to all of SpaceXAI’s projects leaving lots of upside. They have priced in some of launch, but not Starship being fully reusable at a rapid cadence. They have priced in Starlink’s inked deals with airlines, but not the far bigger satellite to device market. They basically have counted xAI and X out - but they are working on products like v9 with the 1 Trillion parameters and Cursor data and staff and X-money. That is just SpaceX. ♦️Combine SpaceXAI and Tesla and the vertical integration is complete and that advantage compounds. The three initial projects could all add trillions to the market cap of a combined company if they succeed- and my bet is they do. Terafab, AI Space Compute and Digital Optimus are not in any valuation.

@Gfilche @B_HiTech @Tesla @SpaceX SpaceX valuation went from $50B to $1.75T since 2021. That’s a 35x increase. During that same time Tesla’s valuation went from $1.6T to $1.6T 0% increase. Merging now or anytime soon would be buying into SpaceX at a high valuation that will trade sideways for years.

Calling all $TSLA investors Would you vote for a 50/50 @tesla + @spacex merger (same valuation, merging of equals)⚡️

Training a model versus training a model you trust to take you home are two completely different things.

Been using @robotaxi all day in Austin. It’s fucking flawless.

@RmckRk @SERobinsonJr Excellent talk - very informative.

@Amy787 @Amy787 @SERobinsonJr 👁️👁️

This man, John Federspiel, is very important to Tesla’s and. SpaceXAI’s future. He will prove the haters wrong. He will define the term: Terafab Speed. He already is in finding the site.

And the neighbors - too scared to go outside, but not too scared to open their door and watch Henry die at their feet. One neighbor made one call. And then no one saw an ambulance show up. The hospital with a trauma center was 4-6 minutes away. First aid would not save him but surgery at a trauma center could have. I understand the concerns for their own safety - but they should have at least repeatedly called for an ambulance when they could hear Henry say he was stabbed and see some of what was going on from the windows. But they did not and still gawked as he died. Karma is coming for them.

@AngloSaxon85 10 minutes!! He could’ve been saved

More details coming out and it’s getting even worse

@heidimontag Elegant First Lady of LA look. Well done.

@Deandawiz Good luck!! Desire combined with persistence moves mountains. I have a great feeling about your chances.

48 times the charm

Unsupervised Tesla Robotaxi rides CAN go on Highways. Confirmed

@Kristennetten Impossibly weird.

Weird.

@dsonoiki Your videos helped put him into the runoff. LA deserves to be saved. Great work.

I am your biggest fan 🥰🥰🥰 (my eyes are red I don’t do drugs / marijuana I am just in a bit of a sleep deficit)

My college degree recommendations for fresh high school graduates in the age of AI to be prepared for the next frontier: - Applied Physics (math and physics) - Applied Materials (physical agentic) - Agriculture (food production in space) - Aerospace (frontier transportation) - Civil Engineering (infra + life support from Earth and beyond) - Electronic Engineering (scaling compute and communications to the solar system) - Manufacturing (where things get made) - Mechanical Engineering (packaging, manufacturability, tolerances and cycling) - Medicine (personal drugs in space)

@SpaceDude3000 @jefferinc 🤣I just got the same one reading your post…

thank you for the heart attack Eric Berger!

SpaceX is raising 70 Billion with the IPO. Close to the 80 Billion number Alphabet thought was necessary. The IPO is oversubscribed and demand is high. Institutional investors like investing in SpaceX, so SpaceX brings needed cash to a merger, and the ability to raise cash on favorable terms - that Tesla does not have at the moment. The market is not understanding Tesla’s lead in RoboTaxis and Optimus because they don’t understand physical AI and think that a Figure or Waymo is the same - they aren’t. Therefore Tesla was punished by the market for even saying there would be 25 Billion in Capex and they would be free cash flow negative. Tesla would not get the reaction that SpaceX is to a share issuance. A merged Tesla/SpaceXAI also has a compelling fund raising story as a truly vertically integrated AI/Space/Autonomy play. It is the type of company that is completely unique and able to raise money on favorable terms. Plus Starlink, similar to RoboTaxi, has most of the infrastructure in place to scale. Plus Starlink has many deals where customers are installing the product - like airlines and direct to device - but the revenue has not started coming in. Beyond that Tesla needs chips. Joint ventures are incredibly expensive and inefficient. Lawyers are the ones who win as the board has to go through Board Approvals and conflict committees and then all resources need to be tracked. This adds weeks to months, and Tesla/SpaceXAI have 3 separate JVs. The lawyers will earn millions in legal fees. Meanwhile Elon Musk is so time sensitive on the Terafab project that the judge in the town being considered want the tax breaks in place by THIS WEDNESDAY, today, so that SpaceX can break dirt. The Terafab financial contribution isn’t close. Tesla did design the chips and that is why SpaceX needs the deal, but Tesla didn’t spend 47 Billion on the chips. SpaceX is spending 50 Billion on the first phase of the Terafab. Tesla is spending 3 Billion on a research lab. That is indicative of which company has cash to spend; and which company is already spending 25 Billion scaling infrastructure. I don’t have SpaceX stock, I will be buying some at IPO and DCA in going forward, but am not selling large amounts of Tesla. I am unwilling to let others control (via a merger vote) if I own SpaceX. But I also see such a clear need for a merger I can’t imagine it not happening. If it didn’t I would likely sell all my Tesla and allocate completely into SpaceX. I don’t want to be invested in an Elon Musk company if it has investors that don’t back Elon Musk. He is out there solving big problems like where do 3 Billion chips come from to replace a global fleet of vehicles and more for Optimus, and a few investors are spinning about FUD. I think the vast majority of Tesla investors will be overwhelmingly in favor of- they just need to see the proxy, and the data and where the valuations and share exchange ratios come from and the justifications and basis needs officially laid out before making up their minds. There is nothing wrong with that.

@5w33 @Amy787 @TeslaLarry How will the merge provide Tesla with cash needed?

Randy and I in talk about the pending SpaceX IPO and the amazing fact that Google is now coming to the market to raise CASH. Who would have believe that 3 months ago!?youtu.be/nqqpWWFvSmc?si…

Can confirm that in Austin, every single Model Y Robotaxi across town is driverless.

🤣. And two weeks from now the people on Facebook will discover the same….

@groksalt 🤣🤣

Yesterday, people on Reddit discovered that $SPCE wasn’t SpaceX after all! 🤷‍♂️🤣

@LatinosPorPratt Nice cameo!

😂😂😂

We really won’t agree. I can not relate to the smarter than Elon Mindset. Never have, never will. So much wrong in one post, and contrary to your assertions of not operating out of fear - the entire thing is just fear and doubt and uncertainty. Where are the chips coming from in YOUR scenario? Tesla’s suppliers said they are not comfortable providing more chips than will enable 20% YOY growth. Where is the capital coming from? So much not understood about JVs and how less than ideal they are - they slow down projects exponentially and add busy work that is expensive (so many lawyers!! Charging millions) and don’t contribute to the bottom line. Tesla is FAR from being able to fund chips. Phase one of the Terafab is 50 Billion. Tesla is funding JUST 3 Billion for the Terafab Research Lab, SpaceXAI is funding the 50 Billion Terafab. Elon Musk understands that Tesla can squander the lead in RoboTaxis and Optimus by not having the logistics nailed down. He is pushing hard to accelerate timelines - and getting others on board like the Judge in Texas pushing for a decision on a few days on a Terafab location. These JV board approvals and conflict committees are the weakness and slowest and most unnecessary step to be deleted. CAPITAL INTENSIVE OpenAI is raising 120 Billion, Google just did a share issuance for 80 Billion. Physical AI also needs capital. Capital raises and dilution is the price of admission to be invested in robotics and AI. ♦️SpaceX was not just given a high valuation. They earned it. (I don’t have SpaceX, yet). They earned it by Starlink being the most capital efficient high growth company ever. And those Starlink revenues will be hitting the books AFTER the IPO. I work for an airline installing Starlink, they are moving as fast as the FAA finishes the STCs but the subscription fees aren’t being paid yet, the infrastructure is already in place. Revenues for Starlink (high profit margin) are between 10K a month for a regional airliner to 40 K for a wide body. SpaceX investors have also been funding infrastructure. Satellites are not cheap, Starship had an effective test. and they are about to see revenue pour in to. The satellite to device market will dwarf the Starlink for airlines market. ♦️It is not “keeping the CEO interested” - it is don’t vote against the CEO who has created more shareholder value than anyone alive (don’t forget PayPal and his other companies too) who spent his Saturdays and Wednesdays designing the chips because he knows Optimus is useless without them - as he continues to solve for that problem. There is NO replacement for Elon Musk. Tesla is fundamentally the wrong investment for those that think someone can replace him and offer the same upside. He doesn’t stop dreaming up new products. Even this time last year AI Space compute wasn’t a thing. ♦️It is a participation trophy version of stock trading to say a stock traded sideways for five years so we deserve returns. The market doesn’t work like that. SpaceX’s future valuation will make the SpaceX increase to date look like nothing. I believe the same is true of the merged company.

I detest the idea the we need keep Elon interested in his own company. If he isn't able to do the job to the best of his ability then he should get out of the way and we get someone who isn't operating with a potential conflict of interest. Although I don't believe this to be the case I certainly don't vote from a position of fear of not appeasing him in this decision. Tesla is more than capable of funding it's robotaxi roadmap and already generates a healthy 6 Billion free cash flow, yes we will go negative but we can carry out own water in this as well as the profits. With the hybrid model of customers owning Cybercabs and Tesla managing its own fleet Tesla gets paid a revenue cut and can get financing against that revenue. It's actually SpaceXAI that supposedly has a negative free cash flow of MINUS 14 Billion per year cash burn rate. If anything Tesla would be funding SpaceX not the other way around. If you are specifically talking about Optimus Tesla and SpaceX are JOINTLY commiting to the Terafab project. Tesla and SpaceX are already jointly working together even though they are separate companies. There is no reason why this can't continue as separate companies. Given that SpaceX will be a publicly traded company there is no reason why you can't buy SpaceX on your own. Elon supermajority vote is concerning and I fear that potentially one day he might take the company private again after retail helped support it. It might sound irrational but we would have zero say.