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177 posts


Here’s the other angle from Chud the Builder’s exchange with the journalist from 931 Cville.
What people fail to understand is Chud is a very necessary evil.
He’s magnifying the fragility of an entire culture over a word they use every 10 seconds.
His entire point is this:
- You DO NOT get to control speech
- You DO NOT own words
- You DO NOT get to use fear and intimidation to ensure that you only get to hear what you WANT to hear
If you didn’t chimp out over a single word, Chud would have to find alternative ways to entertain the masses.
But you do. So here we are.
Chud is not the problem.
YOU are are the problem.
Look N word.
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Tesla is a $1.3 trillion company that sold fewer cars this year than last year.
And fewer last year than the year before.
That should tell you everything you need to know.
2 consecutive years of declining deliveries. Down 9% in 2025 to 1.63 million vehicles. The steepest annual drop in the company's history.
And 2026 is starting even worse - US sales down 17% in January, Europe down 44% across major markets.
France down 42%. Netherlands down 67%. Norway down 88%.
BYD passed them as the global EV leader. In the UK, BYD outsold Tesla 2 to 1 last month.
The brand is in FREEFALL.
Brand Finance measured a 36% collapse in Tesla's brand value last year - down to $27.6 billion, less than half its 2023 peak. In California, their most important US market, share dropped from 11.6% to 9.9%.
And the stock trades at 365 times trailing earnings.
Let me say that differently:
Tesla earned $3.8 billion last year. The market is valuing those earnings at $1.3 trillion. You are paying $365 for every dollar this company earns.
The bull case has completely abandoned the car business. It's all robotaxis and Optimus robots now. They discontinued the Model S and Model X. They told investors on the last earnings call to stop focusing on vehicle deliveries and start thinking about "transportation as a service."
So in other words: please ignore the business we actually have and value us on the business we MIGHT have someday.
Trust me, every time management tells you to look over there instead of over here... LOOK OVER HERE.
The car business is deteriorating. Margins are compressing. Competition from BYD, Volkswagen, and a dozen Chinese manufacturers is intensifying quarter by quarter. The $7,500 federal EV tax credit is gone, which effectively raised the price of every Tesla overnight.
And instead of addressing any of that, they're doubling capex to $20 billion this year - almost entirely directed at AI and autonomous driving infrastructure.
So you have a company with shrinking revenue, shrinking deliveries, a damaged brand, and intensifying competition pouring $20 billion into a technology that hasn't been proven at commercial scale.
On 365 times earnings.
Even if you give them the most generous robotaxi assumptions imaginable (full regulatory approval, nationwide deployment, dominant market share) you still can't justify this valuation. The present value of that optionality doesn't come close to $1.3 trillion when the core business is going backwards.
I think this stock goes down 90% from here.
Not because Tesla is worthless. They'll sell cars. The energy storage business has potential. But the equity is priced for a future that isn't coming on the timeline the market expects.
A $37 stock. That's where the math takes you when you strip out the narrative and price what actually exists.
I know that sounds extreme. But 45 years of doing this has taught me something:
When you can see the seams on the fastball, you SWING.
I can see the seams.
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Common sense.
A simple test for immigrants is: would you enjoy working them. If so, they would be an asset to America.
Micah Erfan@micah_erfan
No one thinks that all legal immigrants are the same. On balance, legal immigrants are good for America, but there certainly are exceptions. My view: We should take in more people who love America, will assimilate, and will be net contributors to our society. And we should stop taking in people who fail to meet these criteria.
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@whatsinside @JoshWest247 That’s because it’s going to charge wirelessly.
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Tesla Cybercab charging is on the bumper, has a cap, doesn’t open/shut automatically. Interesting. 👀 Spotted randomly today with @JoshWest247
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Nah fam. @kanyewest, they just afraid to say the truth. You been right. @realDonaldTrump took your whole plan off when you came to the @WhiteHouse . #whitelivesmatter
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Trump is badass deal maker.
President Tinubu and African leaders should be taking note.
After everything, Trump ended up with:
1) Denmark has to keep paying the population of Greenland $600 million per year.
2) USA gets sovereignty over whichever parts they want for US military bases
3) USA gets mineral rights
4) China and Russia aren't allowed in Greenland
5) Cost $0.00
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@nicksortor My favorite part “just tell her to give him the camera”
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Walz actively scamming elections
End Wokeness@EndWokeness
MN Gov. Walz signed a law to let illegals get driver licenses in 2023. Minnesota officials confirm it's now possible for them to vote.
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