When Tesla got the Model 3 to mass production and the company finally reached profitability, Elon Musk said that was the last time the company would have to bet the company’s survival on a difficult product launch. The company would remain profitable forever more. In the 2020s, the company was … [continued]
Mother Earth provides every material for our survival, so why do we accept corporate promises to adopt healthy environmental solutions? We know that those promises are little more than subterfuge — after all, astronauts have reported seeing pollution events so large they’ve been spotted from space. We need to change … [continued]
The AI boom is sort of nuts. Actually, it’s totally nuts. As I’ve been saying lately, it really seems like a giant bubble that is going to pop at some point. But there are so many elements to the craziness, and we keep learning of more. Steve Hanley recently wrote … [continued]
There’s been a little debate going on lately about whether Tesla Full Self-Driving is “effectively” Level 4 autonomous driving or is still just a Level 2 driver-assist system. Yesterday, I shared a comment from a reader explaining that it’s actually Level 2++ now. I’ll come back to that in a … [continued]
In an article a couple of days ago about AI and the government’s role in its ownership and profits, Steve Hanley shared that Elon Musk recently wrote the following: “Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI.” … [continued]
Elon Musk struggled massively with the pressure of Tesla being a public company. Many see the company as an obvious, insane success — especially as it trades at a P/E ratio of 357.29 — but the stress of getting Tesla to profitability and the difficulty dealing with quarterly financial analyst … [continued]
The SpaceX IPO will happen in a few days. Will it make millionaires of us all or leave many investors in tears?
Elon Musk says that he wants SpaceX and Tesla teams to work together to build 100 gigawatts of solar power manufacturing capacity in the US — cells and modules. And he wants to do that within three years. There’s a lot to consider here. Before we get into some of … [continued]
Steve Hanley had an excellent article this week discussing how the SpaceX IPO may well be a boondoggle to bail out a couple of Elon Musk ventures and enrich a few friends. It’s honestly a bit shocking once you get into the details of the IPO. I think most of … [continued]
SpaceX plans to go public next month. Will new investors see substantial gains or covering Elon’s losses from his misadventures?
