The Sad King

@Spotify y’all know me better than anybody.

@JoeRoganRecaps Look at yourself in a mirror now. Then do it again in 10 years. That’s what we’re measuring.

New: Joe Rogan leaves NASA astrophysicist Michelle Thaller completely stuck after asking her a deep question about the reality of time: ROGAN: “The weirdest thing that I’ve ever heard anybody say is that all time exists currently.” THALLER: “That’s Albert Einstein.” ROGAN: “When we measure time what exactly are we measuring? When we create a clock that runs 24 hours per day what is it measuring?” THALLER: “That’s a deep question. That question caused everything in physics to fall apart.” ROGAN: “I still don’t understand what we’re measuring.” THALLER: “I don’t think I have an answer for you. I don’t think anybody does.”

@MsSapphireee 😂😂😂😂😂😂😂😂

Really proud of my growth in the gym 🥺 My ass jiggles when I walk now 😂🫶🏽

@bigorecap Good story

#GayleKing gives the backstory on how she caught her husband #WilliamBumpus cheating on her inside their family home years ago w/ her FRIEND!! Take a look! 🫖😲💍 🏠 #Bigorecap #Bigolive #Bigousa #Bigo

@lebatardshowfan @LeBatardShow Shut up Chris

.@LeBatardShow answered some Stugotz questions

@Friyaneb #2

Man which body type you like most ...

@nbc tornado. Got it. Turn on the fuckin game

@Onecrazyndn @ClownWorld Yea you’re right. It’s been totally hunky dory for black people since 1865.

@ClownWorld First, the US had slaves for 246 years, not 400. First slaves - August 1619 Last slave - December 1865 Secondly, over one million Americans died in the Civil War. Blood was paid for the sins of the past.

@ClownWorld This dude is an asshole lol

@Kaizerrev You MAGAs got fleeced on a level never seen before.

Nick Fuentes provides intel that Stephen Miller is one of the most vocal voices supporting a war with Iran. Nick then talks about Miller pretending to care about Immigration.

@FearedBuck She look like Brittany Renner

Bobbi Althoff shows off her new look after being styled by Sukihana.

@MsSapphireee lol

Been in the gym 😛

@strawberibae @500kclout My lord

big enough for you?

@Countcristo44 “His ankle came off”

While running from the police after stealing sunglasses, De'andre jumped from the 2nd floor in the mall and broke both of his legs🤣🤣 The dildo of consequence rarely arrives lubed.

@parti_king Only a matter of time…

Chudthebuilder presses a group of 6 Black men and calls them N*GGERS The situation got SUPER HEATED Mr.Chud had to show that he was armed with a gun to SAVE HIS LIFE

@FuentesUpdates Alex is shit-faced

Alex Jones asks Nick Fuentes: How can we take back our destiny? “If we have the young geniuses and visionaries, everything flows from them.” 🔥

@Blackaf69420 @Deadlykalesh They panic

@Deadlykalesh Idk how ppl die by drowning, always know that if you keep your body and hands underneath water surface you will almost always float enough that your face would protude out so you can breath. Especially true for carb-maxxed Indians.

A guy lost his life in front of her sister while making an instagram reel: 📍Kolar, Karnataka: 26-year-old Gautam Gowda, who didn’t know how to swim, jumped into a deep farm pond to film an Instagram reel while his younger sister recorded the video. Within seconds, he began struggling to stay afloat. A young boy on an inflated tube tried to move towards him but backed away at the last moment, avoiding being pulled under. Before any help could arrive, Gautam disappeared beneath the water and lost his life.

@gnoble79 Calls it is.

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

@davidsirota @paleofuture Amazing.

CNBC: "President Trump has threatened to destroy a civilization. How does an investor process that? Is it a bigger upside risk or downside risk?" What stage of corporate media is this? (h/t @paleofuture)

@MoranSherr47697 @EdMarkey lol. Shut up bot

@EdMarkey Even if the "civilization" chants death to America for 40 yrs? Or murders its own citizens for wanting freedom? And by the way Ed, why haven't the Democrats done anything about Iran, besides giving them the millions of taxpayers money so they could build a nuclear bomb.

25th amendment. Impeachment. I will support any avenue to remove Donald Trump from office. We cannot leave this man in charge of America’s nuclear weapons as he threatens to end an entire civilization. And Congress must not fund this reckless administration.

This is a good one.