Hemang Gadhia ➡️🦋👋

Hard to fathom the shift in VA politics since I moved here in '01. House delegation was 4 Ds 7 Rs (3-8 in '02 midterms) & both Senators were Rs. GWB won '00 +8 and '04 +8.2. Fast forward to '20, Biden wins by 10-11 pts, Ds have 7 House seats & both Senate seats @vademocrats 1/

New tests of @Tesla Full Self-Driving’s ability to react to pedestrians. This time the child-sized mannequin is stationary in the middle of the road. FSD v12.3.3 has nearly 10 seconds to see the child, which FSD registers as a person 5 seconds before it runs the child down.

@ElectProject Michael, come on over to threads! We need an election community there. I hate coming back to hellsite just for election night. 😅

I'll be curious about the after-action report on Virginia Republican efforts to get their voters to cast early votes. Virginia was supposed to be a test

It is possible Democrats will regain control of the Virginia House of Delegates. It's bad enough for Youngkin that he didn't engineer control of the Senate. A House loss would probably end the drivel about him as being the one to defeat Trump

Probably a good time to check in on the tech bros for some foreign policy analysis.

@mattyglesias Not in the long run, but the @Dodgers would have one less bigot on the roster as a starting pitcher

If you made it illegal for left-handed people to work would that financially benefit right-handed people by raising wages?

Watching a group of dudes who normally preach from Ayn Rand's book of philosophy suddenly demand Biden rescue $SVIB depositors while simultaneously doing everything possible to cause more panic in mkts and around regional banks.... it's a #wholeotherlevel of hypocrisy

Gotta say, the VCs who caused this bank run freaked out at the lowest risk profile imaginable (regulated depository banks in the US). What does that say about how they’ll handle your company when there’s *actual* risk involved?

Tldr; these same guys created the environment where SVB can fail (by removing govt regulations), then they CAUSED the bank run the made SVB insolvent, and now they'll be demanding govt bailouts and blaming everyone but themselves. These ppl have no shame. None.

< 20-25% SVB deposits vanish in 48 hrs & SVB becomes insolvent > SV Libertarian elites after bank run: Who could've predicted?? Gotta be JPow and Yellen's fault. We need govt to step in and bail out our investments. And why wasn't there better govt regulation all along?? 🤣🤣

Silicon Valley libertarian elites 2015-18: Too much govt regulation! Remove stress test for banks sub $250b deposits. Private sector knows best Same SV libertarians 2023: SVB is dicey, EVERYONE PULL DEPOSITS NOW. Bank run? Survival of fittest, rugged individualism blah blah 1/2

Last fall. This week. $SIVB

no atheists in a foxhole. no libertarians in a bank run

@mattyglesias Literally every one of these douchebag Silicon Valley libertarians is gonna be begging for a bailout. And they won't see even a hint of irony.

lmao everyone loves the free market and hates bailouts until it’s their money on the line

@Patrick70776507 @shotnick81 @garyblack00

@hemang @shotnick81 @garyblack00 The byd numbers are before the price cuts. So let's wait on the numbers after the price cuts in China. Do you have a source for the brand sentiment? Are you saying you have a better gauge on Tesla demand than the company that has much more data that you? Tesla that outfoxed auto?

Perhaps the most famous price cut was Marlboro Friday on April 2, 1993, when Philip Morris (MO) cut the price of Marlboro cigarettes by 20%. I was an analyst at Sanford Bernstein and had a Sell rating on $MO going into the price cut, because Philip Morris was losing share.

@shotnick81 @garyblack00 I never said that demand in China was related. BYD been kicking $TSLA's butt for a while now (see image). That doesn't change either of my points about US demand. Address those two items pls (used car price deterioration & the Morning Call data on brand sentiment cratering in US)

@hemang @garyblack00 Speaking about intentional blindness, look no further that at your own thesis. Did you notice that China don't have Dem vs Rep thing? They have communist party, and yet same price cuts happen there before it happen in US... Also price cuts had place in Europe.

@Techgnostik @garyblack00 Yes you continue to ignore the two basic facts I mentioned. Used car price degradation versus other brands and declining brand sentiment (esp since Oct '22). Hardly shocking that an anonymous fanboy account with no purpose other than to promote $TSLA can't be objective.

@hemang @garyblack00 Intentionally hyperbolic? So, intentionally full of bullpucky? My response was just the facts.

@Techgnostik @garyblack00 shows only 10% D's have favorable view of $TSLA brand. That's a huge problem that you're trying so hard to pretend doesn't exist. But it's fine, keep telling yourself everything is all good as the stock plummets further. Enjoy the ride.

@Techgnostik @garyblack00 My tweet was intentionally hyperbolic. But you're in need of more copium since you can't understand basic concepts. Assume for a moment that $TSLA ownership was evenly split among D's and R's. There's ZERO DOUBT the brand value has cratered among D's. Latest Morning Consult...

@garyblack00 No level of price cutting will change that. Elon needs to replace the 80-90% of customers who now hate his guts. Simply not possible. And the contagion is growing beyond the US market as well. Unless Elon changes his persona quickly, $TSLA is toast. 💯

@garyblack00 then what's happening on the used car market. Fastest degradation in pricing among any brand in past 6 months. HUGE $TSLA inventory on used lots. ~10% of Democrats have positive feelings about the brand now & that percentage continues to crater. Can't be partisan as a car maker.