chefbrujo

@gnoble79 Uh huh

Last night was the biggest disaster in the history of Tesla. Let me walk you through what actually happened on that earnings call, because the headlines are doing you a disservice: Elon Musk got on the call and admitted (his words) that Hardware 3 "simply does not have the capability to achieve unsupervised FSD." He said he wished it were otherwise. He said the memory bandwidth is one-eighth of what Hardware 4 has. And that's the end of the conversation. Approximately 4 million Tesla vehicles on the road right now have Hardware 3. Many of those owners paid $8,000 to $15,000 for Full Self-Driving capability based on Musk's repeated promises (going back to 2016) that the hardware was sufficient for full autonomy. As recently as 2022, Musk was publicly assuring owners that HW3 had the processing power to get it done. BUT IT DIDN'T Those promises are now officially broken. The solution is a "discounted trade-in" toward a new car with Hardware 4. Not a refund or a free upgrade... A discount on buying ANOTHER Tesla. Investor Ross Gerber said it too - all HW3 owners got screwed, and with roughly 285,000 FSD purchasers affected, the potential liability runs into the BILLIONS. But that's not even the worst part. Musk was asked if the current FSD v14.3 was ready for unsupervised deployment. He said yes. Then immediately walked it back and admitted Tesla has "major architectural improvements" in the pipeline that would significantly improve safety. What he really means: the software isn't SAFE ENOUGH to deploy without a human watching. Full unsupervised FSD for consumer cars is pushed to Q4 2026. At the earliest... Maybe. How many times has this deadline been pushed? I've lost count. And trust me, I've seen a lot of broken promises. But this one takes the cake. Now let's talk about the numbers everyone is celebrating: Tesla reported $22.4 billion in revenue and $0.41 in non-GAAP earnings. A "double beat." The stock popped 4% after hours. Victory, right? WRONG Dig into the actual filing: The number one driver of operating income improvement wasn't cost reductions, wasn't volume growth, wasn't FSD revenue. It was - and Tesla listed this FIRST in their own shareholder letter - "one-time benefits related to warranty and tariffs." They released warranty reserves. They booked tariff refund windfalls. They stretched supplier payments by 10 days. They took on billions in new debt. Then they presented everything through non-GAAP metrics that strip out over $1 billion in stock-based compensation. GAAP net income was $477 million on $22.4 billion in revenue. That's a 2.1% net margin. On a $1.4 trillion market cap. Let me put that in perspective: 3.75 billion shares outstanding. Annualize the Q1 GAAP profit and you get roughly $1.9 billion. That's a trailing P/E ratio north of 700. Use the adjusted number - strip out stock comp, which is a REAL cost to shareholders through dilution - and you're still at around 250x earnings. All of this is extremely bad, but I didn't even talk about the CAPEX BOMB yet... 3 months ago, Tesla guided to "over $20 billion" in 2026 capital expenditure. Last night they raised it to over $25 billion. A $5 billion increase in a single quarter. That's 3x their historical annual capex run rate - $8.5 billion in 2025, $11.3 billion in 2024. The CFO confirmed on the call that Tesla expects NEGATIVE free cash flow for the rest of the year. So you have a company generating roughly $6 billion in annual free cash flow on a good year, and they're about to spend $25 billion. The math doesn't work. They will almost certainly need to issue equity. Which means dilution. Which means the $1.9 billion in annual earnings gets spread across even MORE shares. The core auto business is literally deteriorating in real time: Tesla delivered 358,000 vehicles in Q1 (missed estimates again). They produced 408,000. That's 50,000 cars sitting on lots that nobody bought. Inventory days jumped from 10 to 27 in just a few quarters. California (their most important US market) saw registrations crash 24% year over year. Their market share in the state fell from 9.2% to 7.7%. That's on top of a Q1 2025 that was ALREADY weak from Model Y retooling. They're declining off a decline. And here's what really kills the bull case... The entire valuation rests on robotaxis, Optimus robots, and autonomy. So let's put numbers on it: Waymo - the actual leader in autonomous driving with 15 million completed rides in 2025 alone, over 127 million autonomous miles driven, operating commercially across 6 US cities with plans to expand to 20 more - just raised $16 billion at a $126 billion valuation. That's the market's verdict on what the LEADING robotaxi company is worth. $126 billion. And Waymo is YEARS ahead of Tesla in actual deployment. Tesla has 3.75 billion shares outstanding. So even if you assign $126 billion in robotaxi value (giving Tesla full credit for matching Waymo despite being nowhere close) that's $33 a share. Add the auto business at generous auto-industry multiples, maybe $20 a share. Throw in energy storage and services, $10-15. Sum of the parts gets you to roughly $65-70 a share if you're feeling generous. Maybe $50 if you're not. The stock is $387. So what exactly are you paying for? You're paying for a STORY. You're paying for PROMISES that keep getting pushed back, technology that keeps falling short, and a business plan that requires spending $25 billion a year while the core product sells fewer units at declining margins in a market where California sales just fell 24% and the federal EV tax credit is gone. I managed the number one mutual fund in America. I founded two billion-dollar hedge funds. I've been doing this since 1981. And I am telling you: Tesla at $387 is one of the most egregious mispricings I have seen in my entire career. THE CRASH WILL BE EPIC

@UniversoulStre1 @whitn71574 @0xQuasark Lol, not hating I just find it amusing we have these specfic names for shrooms now. When I was younger it was just shrooms, psylocibin. Some blue in the stems.

Do you remember if they were wet or dry? Second do you know the name? Golden teachers, Jedi Mind Tricks, Penis Envy, liberty caps, trinity… just to name a few all have different effects. Golden teachers are more of a body high with peaks of small visuals.. where as trinity is extreme visuals.

Name the psychedelic 🍄🧪💊🌵

@barstoolspringb Why does he have his shirt off

POV: Your ex’s situationship just showed up

@InflowVrse @ItsKingSlime You sound like a fool

@ItsKingSlime why the bfs always feel the need to cockblock and act tuff. if ur shorty goin, just let her, and fuck another girl 😂

A girl’s boyfriend was ready to THROW HANDS with Yung Mooch for talking to his girl even though she was open to it 😳💀👀

@ItsKingSlime She saw a camera, made eye contact and he swooped in. She was polite but as soon as the guy stepped in, she turned her head away from the jack@ss and didn’t look back at him. This guy is going to do this with the wrong guy around. Some people don’t give more than one warning.

@DJ_Blessone @wildclipszone Sad when people mistake kindness for weakness.

@wildclipszone White Guys In Real Life 🤣😭😹

Stay out of other people's business and this wouldn't have happened 💀

@DrAlmarielao Ai

A middle school cafeteria during lunch rush. A young girl walks up with a tray; when she gets to the register, the staff member checks her account and says, “You don’t have money left on your card. You’ve already had three warnings. I can’t give you this.” The girl quietly says she hasn’t eaten all day. The employee shrugs and tells her, “You need to talk to your mommy.” The line behind her grows, eyes watching as she slowly puts the tray aside and walks away. It’s hard to ignore how situations like this affect kids; not just physically, but emotionally. Hunger is one thing, and then also the embarrassment and shame in front of peers can stick with a child for years. Schools are supposed to be safe spaces, and denying food this way feels like a system failing the very kids it’s meant to support. How do we create a better solution where no child is left hungry or humiliated in a place meant to care for them?

@Notwokenow No man around to step in and knock his arse out?

This happened at a Costco in Queens. And it was all because the black man wanted the shopping cart the Hispanic couple was already using. A. Shopping. Cart.

@fandompulse Honestly the show is about superheroes existing in reality and how they might fit into our capitalist paradigm. This political crap is secondary to the point of the show. I hope the people involved know the audience dgf about the political message they try to convey.

The Boys Showrunner Eric Kripke confirms the show was always intended to be about Trump: "We just wanted to do a very realistic version of a superhero show, one where superheroes are celebrities behaving badly. Trump was the, ‘He’s not really getting the nomination, is he?’ guy. When he got elected, we had a metaphor that said more about the current world. Suddenly, we were telling a story about the intersection of celebrity and authoritarianism and how social media and entertainment are used to sell fascism. We’re right in the eye of the storm. And once we realized that, I just felt an obligation to run in that direction as far as we could.” Did this derangement ruin the show?

@wHollyWeird @SchoolFightsON Survival? That isn’t survival, that’s beta male weak behavior. Lol survival. You must be a child.

@SchoolFightsON Wait, he handled business with hands, granted he snuck him…but there’s are no rules in survival. Now, him pulling the gun was, in my opinion, defensive…because we all know how fools bitch about a fair fight until 10-20 “friends” jump one guy! Fuck that, I’m pulling mine, too!

He tore him tf up!!!!! 😱

@SchoolFightsON Guy’s a beta weakling. Takes his gloves off and sucker punches him.

@pr0ud_americans Hopefully he learned a lesson that day

FAFO, the guy in the white shirt was definitely in the find out stage.😬

@ClownWorld Very beta of the guy to record that

Guy films himself eating loudly in an Asian restaurant while an elderly Asian man watches him. The clip goes viral, and suddenly people start calling it racism over nothing more than a look. This is where we are now, basic human reactions getting labeled as hate.

@PublicNewsX Tbh seems a tad fake. The timing of the guy being out of frame then shooting. The way the majority of the crowd slowed down and stopped to look back and just mull about. Most people would keep running much farther away than that.

🚨 BREAKING New Video from Teotihuacán Shooting “We thought they were rockets… then we heard the screams: ‘Shots, shots!’” Dallas tourist Joel Torres captured the attacker seconds before firing from the Pyramid of the Moon. Terror at Mexico’s iconic site. WARNING: GRAPHIC CONTENT #TeotihuacanShooting #MexicoShooting #BreakingNews #Teotihuacan

@naticoineth This is ai. This never happened. It was an interview and he only spoke, he didn’t show anything.

Shortly before his death on August 7, 2014, Boyd Bushman was filmed sharing his personal accounts regarding Area 51, UFOs, extraterrestrials, and anti-gravity concepts. A retired Senior Scientist at Lockheed Martin, Boyd had a career spanning more than four decades. He held numerous patents and worked with several major defense contractors, including Hughes Aircraft, General Dynamics, Texas Instruments, and Lockheed Martin.

@beyoncegarden Tf was the girl doing? She should mind her own business. Coming up on him like she’s a detective lol.

this video overstimulated me in ways i’ve never experienced like my jaw just kept dropping😭

@maziehirono @SecWar Unnecessary risk of getting the flu? Lol these are all in shape people who work out daily and are in the prime of their lives.

Pete Hegseth is no longer requiring flu vaccines for troops. Another thing to add to the looooooong list of decisions @SecWar has taken that put our servicemembers at unnecessary risk. The flu vaccine requirement is gone from the DoD — I think Pete Hegseth should follow suit.

@RepJasmine Lol does anyone care what this lady has to say. She’s as disingenuous as Maxine Waters

They paused Oversight Committee hearings the minute we started getting answers about the Epstein files. Now it’s “roundtables”: no rules, no oaths, no subpoenas. You do the math. Because the moment accountability shows up, they shut it down. The survivors deserve better.

@GavinNewsom Lol uh huh

Correct. Trump’s presidency effectively ends this November.

@VigilantFox Did he say “arguably lose one”? Lol Chappelle is so clearly compromised now. You could tell since his first comeback Netflix special.

PBS: “How do you think [Trump] is doing?” DAVE CHAPPELLE: [Laughs] “You’re joking, right?” “He’s — man. C’mon, man. Nobody wants to feel this way.” “I don’t think anybody wanted a war. They definitely didn’t want to arguably lose one.” “Personally, I would say that anyone in any type of leadership position… we have to kind of just let some things go, and we have to focus on what’s actually important and not cultivate a broth of confusion, which I believe he’s doing that for political expediency or whatever reason. I don’t understand his methodology.” “Being a president seems like an opportunity to be a very unifying force. And I feel like perhaps he squandered that opportunity.”