Episode #113
SpaceX, Tesla, AI, Netflix, Margin, Markets
Open Punta de Mita Mexico. Pure heaven. AC/DC WorldCup Play at 0.15. Videos of foreigners talking about America. Awesome. Play Feynman at 10.29 min Markets SCHD and VOO ATH. VGT And QQQ off ~5%. 1 year 30% SCHD, 32% VGT and 24% VOO. Leopold Leverage The fund had gained about 270% after fees this year through May. At that point, it was up more than 1,000% after fees since inception. It had ballooned to well over $20 billion under management, reaching the size of other well-known hedge funds that took decades to build. Example: you have $1000. Borrow $1000. Buy $2000 of stocks. Stocks go down 50%. Your broke. Netflix Earnings letter. Tesla Biggest one day loss EVER. Down 14.5%. One concept keeps me calm: The US needs Tesla and its Robotics for national security. Revenue Growth So many changes in last 2 years. Revenue should grow steadily now: Model YL (sleeper hit), Energy, Semi, Robotaxi (finally!), Optimus (~9 months), Services (up 50% YoY). CyberTruck basic config (delivery in 2027...huge demand! Earnings Deck here. $100b annual run-rate. $28b revenue quarter. Record. 1.48m FSD subscriptions. TeraFAb This is why we're building the largest chip manufacturing facility ever, with the goal of producing over 1 terawatt of compute per year AI Letter from companies/CEO’s urging allowing Open Weights AI models. SpaceX This tweet if off the charts” ‘ https://x.com/stevederico/status/2084779469647266042 Play Elon $100 billion ARR by December 2026 (they get here doing "nothing") $1 trillion in revenue as early as 2029 Starship heat shield "solved" 1 year payback on AI Data Center CapEX End of 2027 data center capacity will upwards of 5x (or more) NVIDIA exclusive chip partner for data centers on ground and space They are using learnings from building rockets to build data centers, and it turns out data centers are way way way easier than rockets (means they can go extremely fast) Starlink commercial will be much bigger than consumer and Starlink should deliver most of the world's internet AI will be able to do almost anything in digital world by end of 2027 V3 satellites will 10x the bandwidth and will be launched 10x as many as V2. Connectivity demand will explode due to physical AI (self driving cars/humanoid robots) Politics Florida’s budget Newsom Pay to Play from WSJ Dave Friedberg on CA Tax. Billionaire Tax Hoover Institute Video Podcasts Really enjoyed Tim Robins on spotify. Advice: Never give up. Just show up. Everyone gets a job. Be AI literate. I don’t think its hard to be successful in America. Hard = show up everyday, care about your job and your duty. That’st it. Great Coscto example here
