Joe Solomon

We are currently 48 hours away from $IBRX Dr. Simon Khagi’s presentation at Stand Up to Cancer in Pasadena. Shorts didn't close. Tick tock ⏰

$TSLA - TESLA INC: WE WILL CONTINUE TO SUPPORT MODEL S & X PROGRAMS FOR AS LONG AS PEOPLE OWN VEHICLES

MUSK CONSIDERS MERGING SPACEX AND XAI SpaceX and xAI are reportedly in talks to merge, which would unite SpaceX, Starlink, X, and Grok AI under one company, according to Reuters. The discussions come ahead of SpaceX’s anticipated public debut.

Thiago Motta: “Once, when I was at PSG, after training, 11 of us went to a fancy restaurant near the Arc de Triomphe. At one point, Lavezzi said: ‘I’m going to call Ancelotti to join us.’ We panicked and told him: ‘Pocho, no! You can’t call the coach. Are you crazy? We’ll get in trouble.’ But Lavezzi, stubborn as always, called Carlo and straight up asked: ‘Where are you?’ Then he tried to convince him to come to the restaurant. When he hung up, we were sure he wouldn’t show up. But 15 minutes later, there he was, at the restaurant. He sat down, had a drink with us, and started telling incredible stories from his time at AC Milan. After a while, he stood up and said: ‘That’s it for me. I have to go home now. You can stay and do whatever you want, but on Sunday, I expect you to play a great game.’ Then he left. We all looked at each other and said: ‘How can we not give everything on the pitch for this guy? By how much do we have to win on Sunday? At least 5–0?’ That Sunday, we dominated and had an incredible match”.

Tesla is making a big mistake. On the earnings call, Tesla announced that they are cancelling the Model X and Model S - production stops in June. Plans for the Compact car were shelved years ago & there are no plans to produce any other new models that have a steering wheel and pedals. The repeated argument on the earnings call is that 80% or 90% or 95% or whatever % of car journeys are made by just 1 or 2 people, therefore you should design a vehicle for up to 2 people only. So the Cybercab is apparently coming in April and it has 2 seats and a bit of space for luggage. The problem with this logic is that people don't buy a car for the 90% scenario. People buy a car that can do the 90%, but ALSO do the remaining 10%, so that you can have 1 car that can do every job you might want it to do. Imagine a mum that needs to go to some shops with a toddler. It's just 2 passengers. But is the mum meant to carry all of her shopping, the pushchair, the formula, spare nappies, and whatever else in-between the robotaxi rides between shops? Or should she pay the robotaxi to wait an hour or two while she shops and leave her stuff inside the car? A car is more than a method of getting from place A to place B. You can store stuff in the car. A regular guy going to work is just 1 person driving every day. But at the weekend that same guy might be driving the same car to take his family, camping gear, and bikes to the mountains. That guy needs a large car that can address the weekend need, regardless of whether a 2-person car could technically transport him to work every day. And that car needs a steering wheel and pedals or some other method of direct control so that you can drive over rough terrain/park on a camping field. Maybe one day FSD is going to be good enough to be voice controlled in every possible scenario. Today is not that day. When you buy a phone, 90% of what you'll do on a phone is stuff like checking emails, social media, and reading websites. So why don't you go and buy a separate really basic phone to do those tasks? It would be a much cheaper phone - that's the argument, right? But you need the better, more powerful phone with a good camera because you want to own 1 phone that can also do the remaining 10% when you need it. The robotaxi 100% has a place and will be popular in big cities when it eventually hits the streets for real. But car ownership is not going anywhere. People will continue owning cars, including larger cars even when FSD is perfect 100% of the time. And the proportion of people owning cars will be high (out of those who can afford it). It's strange that a company with an army of smart engineers is saying they can't focus on more than one thing at the same time. I am not sure why it is necessary to give up on the car business where Tesla has proven its worth and could become a global powerhouse in order to also work on FSD and AI. Why can the Model S & X not get a meaningful serious update and upgrade? Not the sort of upgrade that makes it go fast around the Nurbugring... The sort of upgrade that makes 10s of thousands of people want to buy it. The argument that the space from the Model S/X production line is required for manufacturing Optimus is clearly BS. The people who manufacture cars in Fremont are not the same people who train the latest AI models for Tesla. Tesla is giving up on a kickass business that won it a devoted fanbase because there is a shiny new thing on the horizon. The AI & control required for Optimus is many orders of magnitude more complex than FSD and FSD is proving a tough nut to fully crack. Without a generational leap in AI tech, we are many many years away from you being able to order an Optimus to do your laundry for you. I'm sorry to be the bearer of realistic news. In the meantime, Tesla could have become the globally dominant car company and do to other car companies what Amazon has done to retailers. But instead, we have 1 car model in 2 different shapes, and energy storage cabinets and that's it while we wait for the shiny thing to maybe arrive (in 2 weeks).

Tesla Inc reports Q4 adjusted EPS of $0.50, surpassing the estimate of $0.45. Q4 revenue reaches $24,901 million, exceeding the expected $24,790 million. $TSLA