Matt Strepka

@Cybertruck0001 @TeslaCharging I’ve charged there dozens of times multiple locations in Texas zero issues

I HATE F’n Buc-ee’s! Am I the only one consistently running into annoying jerks while @TeslaCharging . Don’t we have bigger problems in the world? RECOMMENDATION. Find a place that wants your business. 500 stops around the country ZERO Problems. 3 Buc-ees stops, 3 problems! That’s not a coincidence!

@trabucooo1 @PayasoTristeAlv The girls hair was being sucked into the inlet

@PayasoTristeAlv El niño pesa 200 kilos o porque a la doña le costó tanto trabajo cargarlo en el agua?

Nuevo miedo desbloqueado.

@gnoble79 Yah…. but FSD kicks ass and saves lives

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

@TheStingisBack incredible movie

Honestly had no idea people disliked Man on Fire (released OTD in 2004). I get it: the editing’s frenetic and Tony Scott shoots every scene like it's a car chase, but a 39% RT rating is nuts. It’s one of the most Denzel Denzel movies ever. What am I missing?

@PramilaJayapal he paid 11 billion in taxes three years ago….. that’s more than half of the country combined Quit being ignorabt

Elon Musk's net worth: $805 billion. That's more than the bottom 53% of Americans combined. His effective tax rate: 3.3%. A truck driver pays 8.4%. Tax the rich.

@BodycamVideos_ yall have literally zero idea what the word entitled means

@Teslaconomics This isn’t really surprising . As a HW3 and HW4 owner it is what it is… Two years from now they will tell us that HW4 won’t cut it and HW5 is needed… This is how every aspect of life works

It’s a bummer… but it was a MAJOR update from Tesla’s Q1 2026 earnings call today with Elon confirming that Hardware 3 will not be able to achieve Unsupervised FSD. 
“Unfortunately, Hardware 3, I wish it were otherwise, but Hardware 3 simply does not have the capabilities to achieve Unsupervised FSD. You know, we did think at one point it would have that, but relative to hardware, it has only 1/8 of the memory bandwidth of Hardware 4, and memory bandwidth is one of the key elements needed for Unsupervised FSD.” 
Tesla plans to fix it for customers who bought FSD by: A) Discounted trade-in toward a vehicle with full Hardware 4 OR B) Direct upgrade by replacing the HW3 computer and the cameras to bring the car to HW4 spec 
To make upgrades fast and scalable, Elon also told us that: 
“…we’re going to have to set up like, kind of microfactories or small factories in major metropolitan areas… So we basically need like many production lines to make the change.” He also said over time it makes sense to convert all HW3 cars to HW4 bc this is what will enable them to enter the Robotaxi fleet and have Unsupervised FSD. Sorry for HW3 Tesla owners… but thanks for the update Elon.

@Notwokenow That’s weird…. almost like ever single vehicle on the planet! the low voltage battery dies if you don’t replace it every couple of years

Our Tesla was sitting in the driveway like a corpse. Doors wouldn’t open. Nothing would open. We had to jump the frunk through the tow eye just to get it open to get to the battery so we could charge it enough to pull 10’ to the charger at my house. Now it says the car’s idle battery needs to be replaced.

@WomenBeingAwful yes…. men find her attractive because she’s approachable and doesn’t act like a diva

Still think she's hot?

@kiddiewise_ @OnlineDentistTz I’m a dentist…. this is AI

Visit the dentist once in a while. You might not know what’s going on with your teeth. Just look at this beautiful work done here 😍

@drClare_Okafor @kiddiewise_ It’s AI Clare

@Gridiron_Media_ He wanted out…. you think he was gonna be forced to play by the Giants and actually give it his all? Apparently you don’t run a business

It's wild how many Giants fans are ok with trading a proven all-pro. Completely taking consistent, elite production for granted. When does the winning start? When does the roster get better and talent retained? But hey, draft picks 🫪

@Chicago_Goofies she didn’t stand in front of a moving vehicle, she walked in front of one…. huge difference

Never stand in front of a moving vehicle. It’s not going to end well for you. She’s lucky that she only suffered minor injuries.

@RussellFosterTX you do realize it gets recycled right…

Billionaires like Elon Musk are going to leave Texans with no clean water left in the state. They will continue to get the clean fresh water while cities are forced to recycle what little water we have left to support our ever growing communities. F that and the billionaires!

@Gridiron_Media_ clearly you don’t understand building a team… you have to acquire as much young talent as possible and give them a couple of years to develop and gel… This move is for the 2028 playoff run

The Giants are not drafting anyone at 10 better than Dexter Lawrence. You don't trade a lineman like him. I hate this move.

@Mike_M_Klotz That’s because you haven’t used it…. It’s easily safer than me and I’m only 47

This is a danger to society, not something to be lauded.

@bradcol66 @Azariel91 that chick jumped on…. and then jumped off…. all of her own volition

@Azariel91 Shame we didn't get to see the smugness melting from the face of the driver when she lost her licence for 6 months, risking her going to the paralympics in America.

The smugness on her face melting into fear was fucking delicious.I love when " crazy" people meet people who are crazy for real. I guarantee she won't do that again🤣🤣 It was at this moment she knew she’d fuq’d up. 🤣🤣🤣🤣FAFO

@Azariel91 I’m pretty sure she repeatedly gave consent by telling her to Go On…. and then she voluntarily jumped off…. kinda worked out in the end

@Laurie0801 because we believe in a meritocracy….. some of us work hard and some of us are lazy bums

@SAFCPaddy it’s about supporting the people who bust their ass and create meaningful innovation that we all get to enjoy

I will never understand why working class people fight tooth and nail to defend billionaires