Ric 🔋🚗🚀🌎🤠

@wholemars Indeed I did. However, I also think that Tesla has the potential to be the most valuable company ever. When Tesla’s market cap, making sustainable energy products, exceeds that of Aramco, producing fossil fuels, you know the future will be good for Earth.

any update on this @elonmusk?

TERAFAB: the next step to becoming a galactic civilization Together with @SpaceX & @xAI, we're building the largest chip manufacturing facility ever (1TW/year) – combining logic, memory & advanced packaging under one roof. To harness as much power as possible from the Sun, we need to send 100 million tons of solar capture into space – per year. This requires massive scale. – Capability to launch millions of tons of mass into orbit – Solar-powered AI satellites – Millions of @Tesla_Optimus robots to help build it out All of these need chips: 100-200GW of chips for Optimus alone, plus terawatts for solar-powered AI satellites. That's more than all the chip manufacturers in the world combined can provide today, or even by 2030 (based on projected production growth). We're building TERAFAB to close the gap between today’s chip production & the future's demand – a future among the stars terafab.ai

To be clear, I love $TSLA the company. I have huge respect for @elonmusk and all he’s accomplished. He has truly changed the world for the better. My issue with TSLA is valuation, which seems excessive relative to future expected growth. There’s a saying in the investment business: “Love the company. Don’t love the stock.” At 192x 2026 Adj EPS it’s difficult for me to love the stock. I struggle with analysts’ expectations of +40% CGR in Adj EPS between 2026 - 2030 when TSLA EV volume growth (70% of profits) is negative, and there are 5 (soon to be 10) highly credible competitors including $GOOG $AMZN $NVDA investing massively in unsupervised autonomy. Many TSLA bulls don’t post their analyses on X so it’s hard to know if they truly believe TSLA will generate excess returns, or are just buying the hype. Probably the #1 question I get is: At what point would we get back into TSLA? We need to see that TSLA will beat its formidable competition in scaling up unsupervised autonomy, so safety monitors need to come out of the cars. We need to see earnings revisions turn positive. And we need valuation to offer at least 2:1 upside/downside. Even using WS 2030 EPS of $9.00, forecasting a 30% earnings growth rate post-2030, applying a 2x PEG we see on other megacap growth names in our universe, and discounting back at a 13.6% cost of equity to reflect TSLA’s 1.6x beta, we get a price target of $325. Great company, but hard to love the stock.

🇺🇸 Kamala Harris on Trump: “[He’s] talking about ‘the economy is roaring’ and trying to evoke images of the Roaring Twenties, he’s lying. Who’s it roaring for? You put a $1 trillion cut to Medicaid!” x.com/i/status/20267…