Shawn

I have questions.

@gothburz It’s up 14% over the last year! Basically they IPO’d way too high and now they’ve reached their “true” value (i.e. all the bad news is priced in). Nowhere to go but up!

I bought Rivian stock on IPO day. November 10, 2021. $172 a share. I bought 58 shares. That was $9,976. I remember the exact number because my girlfriend asked what I spent ten thousand dollars on and I said "the future of transportation." She said "you drive a 2017 Civic." I said "exactly." $1,000 invested at IPO is now worth $149.06. I have that number memorized. I check it before coffee. I check it after coffee. I check it during meetings where I'm supposed to be listening. The number changes by pennies. The pennies matter to me now. The thesis was simple. Rivian was the next Tesla. They had the Amazon delivery vans. They had the adventure truck. They had the factory in Normal, Illinois. I told people the factory was in a town called Normal. I thought that was meaningful. A sign. The future of transportation, built in a place called Normal. The factory produced 24,337 vehicles in its first full year. Tesla produced 1.8 million. I called that "room to grow." I have been through six theses on Rivian. Thesis one: they're the next Tesla. (Stock dropped 40%.) Thesis two: the Amazon vans are the real play. (Amazon cut the order.) Thesis three: the R2 platform will be the mass-market breakthrough. (Delayed 18 months.) Thesis four: the Georgia factory changes everything. (Paused indefinitely.) Thesis five: Volkswagen's $5 billion investment validates the technology. (Stock kept falling.) Thesis six: Uber robotaxis. This is the pivot. Every time the stock drops, I find the new thesis. I don't look for it. It finds me. I open Reddit. I open the Rivian subreddit. Someone has written a post titled "Why this is actually bullish." It has 400 upvotes. I read it. I agree with it. I was going to agree with it before I read it. The agreement is the point. The DD is the prayer. My cost basis is $172. The stock is $14.06. I am down 91.8%. I could have bought a used Rivian R1T with the money I've lost on Rivian stock. I have not done the math on this. I'm doing it now. Yes. I could have bought one. A 2022 with 30,000 miles. I would have the truck AND the remaining money. I drive a 2017 Civic. My coworker Dave bought index funds. Dave is up 34% over the same period. Dave brings a sad lunch to work every day. Turkey sandwich. Same sandwich. Dave will retire at 65 with a comfortable nest egg and a lifetime of turkey sandwiches and he will never know what it felt like to be early. I am early. I have been early for four and a half years. At some point early and wrong have the same return on investment. But they feel different. Wrong feels like a mistake. Early feels like a strategy. I feel like a strategy. The Uber partnership was announced Tuesday. I texted three people. One was my brother. One was a guy from the Rivian subreddit whose real name I don't know. One was my girlfriend. My ex-girlfriend. She stopped asking about Rivian in 2023. She stopped asking about anything in 2024. The stock jumped 10%. It gave half back the same day. But for eleven minutes I was only down 81% instead of 85%. I called that momentum. I took a screenshot. I still have the screenshot. Rivian will build robotaxis for Uber. Rivian has not built a profitable vehicle for anyone. Rivian lost $38,784 on every vehicle it delivered last year. That's not my number. That's their 10-K. But I don't think about it that way. I think about it as investment in scale. Scale means you lose money faster until you don't. Uber needs thousands of autonomous vehicles. Rivian needs to not go bankrupt before 2027. These are complementary needs. That's a partnership. That's synergy. That's the pivot. Dave asked me yesterday how much I'm down. I said "I'm long-term." He said "it's been four years." I said "Tesla was down 80% once." He said "Tesla was also profitable once." Dave went back to his sandwich. Dave doesn't understand pivots. I bought more shares this morning. This is the pivot.

@emzanotti I saw him once sitting at the bar at a local restaurant. It was so hard to not go up to him and say something because I am a huge Led Zeppelin fan. But that’s just not what you do in this town.

Living in Nashville is weird because what do you mean some dude stepped in when the lady in front of him in the Publix checkout line was being rude to the cashier and the dude turned out to be Robert Plant from Led Zeppelin

@Vivian_E_Jones @angienashville “For free”? If I’m reading this right TBC will also be paying MNAA or the state about $300M? A revenue stream that MNAA could never have tapped without the tunnel.

Context: —The authority board being debated on the hill to manage this will cost taxpayers $5.4M a year —TN gave the (very valuable) right of-way to Boring for free for the company to profit —We have a $58B roads backlog tennessean.com/story/money/20…

“…the fixed-pie delusion [is a] belief that the economy is a zero-sum game. That there is a fixed amount of work to be done, and if a machine does more of it, humans must do less…The economy is not a pie. It's a garden. And technology is rain.”

@shannon_last Pretty sure Pod knows plenty about running a media company. His response doesn’t seem like he’s upset…

@telemitry @emzanotti Very happy with ours. @LeeCompany installed it.

@TankInTN @emzanotti Happy with the kohler ? Who installed ?

Absolutely everyone is getting Generac quotes next week lol

@mmmaybe @emzanotti Our power just came back on after 130 hours of running.

@TankInTN @emzanotti I had a whole-house Generac generator for over a decade. Never once failed me during a storm or a two-week power outage after Superstorm Sandy. Best money I've ever spent on anything.

@NFLMemes This but he’s a Titans fan

Watching the Patriots get back to the Super Bowl in 7 years while my team has been rebuilding since the the invention of the cellphone

@ProLifeLiz So you watched @PendragonCycle ?

Husband and I just finished watching a new show and there were no sex scenes? No gay characters? No leftist propaganda? And we both liked it? Crazy

Oh also... I have a hunch the Titans could be redoing a logo or two 👀 If you watched my first report (below) from October, then you'd know this could line up with Warren Moon's comments of a look "closer to the Oilers" Hoping to have a full video on why today or tomorrow

@TheCinesthetic @NBCPerfect How did this show not run for 10 seasons? I have to assume it’s only because everyone were such big stars that they couldn’t keep them. youtu.be/gKN3aVjNkMk?si…

@TheCinesthetic @NBCPerfect Couples

that canceled tv show you’ll never stop thinking about…

@PaulKuharskyNFL I knew he was never coming here. He was only ever going to go to a legacy franchise like the Giants, Steelers, Cowboys, Packers, etc. Much as I hate to admit it, the Titans are a second tier NFL franchise at best, like the Falcons, Cardinals, Panthers, etc.

Dream dying hard…

You don’t say

@RamonAndWill I would love Harbaugh, but I don’t think he would come here because we’re not a “premier” or “legacy” team like the Giants, Cowboys, Steelers, Packers, etc.

@EvanHillHB @Seahawks The question is: was this written into the STM contract? I’ve had seats with different sports (Titans and Nashville SC) and some put this language in (NSC) and some don’t (Titans).

Seahawks Season Ticket Holders who are reselling their playoff tickets are getting advance warnings. Excellent work, @Seahawks

@shannon_last I don’t see how MK’s statement is retconning anything about J6.

@dpbrugler Thanks for the Dike love. He should have had two more return TD’s if not for really bad penalty calls.

NFL All-Rookie Team Some easy calls (Schwesinger!) Some tougher calls (QB, TE, OL, EDGE, CB) nytimes.com/athletic/69432…

@IronCityFilm And you didn't even include the 4th down throw to Tyjae that didn't count because his knee just bareeeely scraped the ground 1 millisecond before. That was insane.

There were a handful of turnover-worthy throws that were pretty rough, but Cam Ward's highs in Week 17 vs the Saints were probably his highest of this season. Just some flat-out insane throws #Titans