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Opening Reformer Machine Workout at YogaSource in Los Gatos Sonos nightmare. Gemini won MarketsThe Federal Reserve held its key interest steady in a range between 3.5% and 3.75% after a recent run of interest rate cuts. 1 Year: VGT/QQQ 23.3%. S&P 500 17%.  2025: 1 yr and 10 yr QQQ: 20.8% and 19.4% annualized = $100k > 620 VOO 17.8% and 14.8% = $100k > 400 AppleApple revenue of $143.8 billion, up 16 percent from a year ago Google's AI technology would provide the most capable Apple foundation models Dictation sucks! MicrosoftMicrosoft Cloud revenue was $51.5 billion and increased 26%  Slowing Cloud Growth.  Meta Up 10% or so?  From Zuck: Play at 3.22: https://www.youtube.com/live/1Tm7gX-WctI?si=i66btpKGlApbuyF5&t=202 TeslaInvestor Deck Ending production of S and X in Q1.  Earnings Call:  Elon on CyberCab: Play at 26.15. Elon on TerraFab: Play here 45.40 Elon on Optimus: Play SpaceX and XaIMerger. How it would work. Tesla Shareholder Allocation. Maintaining super voting rights. Government & Fraud Ilhan Omar  US Rep for Minnesota Ilhan Omar went from a having a -$65,000 net worth in 2019 to $30,000,000 in 2026. Financial Disclosures required for Congress Persons 2023 Disclosure: $15,000 - $50,000 2024: $1,000,000 - $5,000,000 EstCru LLC Winery Ilhan Omar Winery. Husband is Tim Mynett https://x.com/MarioNawfal/status/2016171843992912175 - The website disappeared - Listings were deleted - Archives wiped Excited that Matt Mahan is going to run. 

OpeningReformer Machine Workout at YogaSource in Los Gatos.  Indiana. Fernando Mendoza is a truly special.  Markets1 Year: VGT/QQQ 17%. S&P 500 17%.  2025: 1 yr and 10 yr QQQ: 20.8% and 19.4% = $100k > 620 VOO 17.8% and 14.8% = $100k > 400 VXUS: 32% and 8.5%  Gold and Silver. Great year. 77% and 200%. That’s 3x.  IBIT and Etha: Down 14% and 10%.  Netflix Great earnings call. 17.6% YoY revenue growth, better than Q4 2024 of 16%. Warner Brothers Acquistion is huge overhang. It will help them: IP. Harry Potter, DC Comics, Game of Thrones, Matrix, Sopranos, Succession, Lord of the Rings. BarbieHBO!Lemonade HIMS.  TeslaAutonomous. Finally pulling the driver out in Austin. No longer able to buy FSD outright. Needs to be subscriptionLemonade cutting premiums by 50% if you drive a Tesla with FSD. Important implications for all car insurers.Humanoid Robots Yes Boston Dynamics and many others particularly in China are great, but… Manufacturing, Software, Hardware, ….XAI Will have more AI compute than all others combined in 5years! From Elon The Colossus 2 supercomputer for @Grok is now operational.  First Gigawatt training cluster in the world. Upgrades to 1.5GW in April. I’m using Gemini and Grok. Perfect combo.   SpaceXSpaceX will be ~99% of all Earth payload mass to orbit I think there will be an allocation to Tesla LT shareholders. Could be $1.5T, but could go to $10T.  PoliticsWealth Tax  Wealth Tax. 1 time 5% on Billionairs. No limitations on quantity or $ limit. Play Ben Horowitz on wealth tax. More taxes is not the answer. Eliminate Fraud, waste and abuse!Billionaires ~$8T, everyone else $170t.The two Google founders per Gemini represented 23 percent of the aggregate billionaire wealth in CA. Throw in Peter Thiel and well over 30 percent is goneVideo here. https://x.com/bennyjohnson/status/2014785916083020062 $23m $125k Rover seizedHome in GreeceMansion in LABalance the Budget State Audit Report here Budget Summary .05% of Californian’s or ~8500 people making over $10m per year pay 25% of the personal income tax liability.  1% of Californian’s pay 49% of Personal Income Tax. $54 billion  Uhaul Growth Index: Companies moving out of California Recommendations:RoganBradley CooperBen Affleck and Matt DamonEthan HawkeTim Ferris and Bill Gurley

OpeningHolidays! . Cats and Dogs and Family. Happy Holidays. New Cat named Timmy. Pure trouble and pure JOY!  Coinbase Fraud. Called with automated message asking if I attempted to change my “email contact”. If “no” they said press #1 or otherwise hangup. So I press 1. Some dude is on the line. Says he needs my first and last name to help. I ask him, “how do I even know if you’re real…How do I know you’re Coinbase?”. He hangs up!!! OMG!  Startup Investing Rule #1: Be comfortable losing all the money. Might sting, but should not cause you to lose sleep!Markets Investments for our kids!  Brad Gerstner and Michael Dell at White House.  Fed Regulation of AI. To prevent a 50 state patchwork, onerous system.  Bernie Sanders and other Dems calling for a “halt” on AI and Datacenters!! Markets S&P 500 Apple Apple head of AI retiring.  Apple could partner with Gemini. Also, tech is getting so good that Apple will offer privacy!  Netflix Netflix back in pole-position. I think this is “Good” Turnkey studio and ICONIC space. IP. Harry Potter, DC Comics, Game of Thrones, Matrix, Sopranos, Succession, Lord of the Rings. BarbieHBO! Tesla Tesla AI Chips Tesla AI Chip and Advanced Engineering from Elon.  Elon tweeing/xing tried and trying to help legacy automakers, but they want a pilot program that starts in like 5 years! This video of Optimus jogging is insane. Should double the market cap!  TSLZ SpaceXWhen Starship is launching several times a day in a few years, SpaceX will be ~99% of all Earth payload mass to orbit, even if the others triple their current launch rate. https://x.com/elonmusk/status/1994518037614268565?s=51&t=YUkdoBz4yNifBaQlQUp3-g DrugsDrug Trade Politics  https://open.spotify.com/episode/65oG0YARECbXnFCbv2PTZp David Sacks is a highly successful business person that is serving our government well and we should all be thankful. From Chamath on the Topic.  Tim Waltz Fraud.  String on X and And another oneCalifornia Budget Crisis - Wealth Tax 200 billionaires are on Zillow right now!  RecommendationsMolly’s Game (interview on All-In). Movie: The Spy Who Dumped Me. Bill Gurley on ferrisSean RYan Show with Tobi Ludke and JockoEthan Hawk

Grok and AI Golf Click StickFull Swing Golf MonitorFairway ~60%, 8ft putt 50%, green in Regulation: 175-200yds = 50%. 150-175yds = 63%Trump Big Dinner with Trump and moguls. Ronaldo. Elon. Crown Prince Mohammed bin Salman of Saudi ArabiaTrump with Mamdani“Shared purpose of serving New Yorkers and how to help with affordability”Fascist? INSPIRINGPolitical Absurdity My Post on X. Politicians and Investing "They’ve got the WORST policies. But I don’t talk about them. Because if I talk about it, they might change."  Larry Summers - Secretary of Treasury.  Summers resigned his seat on the OpenAI board. Then Harvard announced it would take a fresh look at his and other faculty members’ ties to Epstein.The immediate cause of Summers’s undoing was the release of a passel of messages in which he asked advice from his friend Epstein on “getting horizontal” with a woman he was pursuing.“She’s already beginning to sound needy :) nice,” Epstein notedMarketsBought:  Tesla Down 20% Meta Down 26% VOO Down ~5%Bitcoin $125,000 in October$87,000 todayDown $38k or 30%My Financial Acronyms FATMAANN. Up 160% (85% without Nvidia), compared to S&P 57% Facebook, Amazon, Tesla, Microsoft, Alphabet, Apple, Netflix, Nvidia TAMPAN Born: Nov 6, 2025 Tesla, Amazon, Meta, Palantir, Apple, Nvidia NVIDIANVIDIA Earnings Q3 2025 Record revenue for the third quarter ended October 26, 2025, of $57.0 billion, up 22% from the previous quarter and up 62% from a year ago.AI Build, Tesla, NvidiaUS Saudi Investment Forum. Full interview here. Elon and Jensen Huang.  Play at 7.37Work will be optional. Elon Musk says if current AI and robotics trends continue "money will stop being relevant in the future." Then to Jensen. Hahaha Play at 14.50.  Elon and Jenson announcing 500 mw or gw? Gazillion $’s. HaHaHa  Play at 18.35. AI in Space.  Netflix Per WSJ Bids for Warner Brothers.  At the same time, Warner Discovery continues to move forward with plans to separate its assets into two companies: one to house its studios and streaming business, and the other comprising its cable networksStock Split. 10:1RecommendationsGet a hobbyRestrung my guitarWriting a rhythm, lead and lyrics to a song

Agenda:  GolfTesla & RobotsPolitical statement absurdity. Iphone. Apple at $273 Shutdown. Politicians should forgo paychecks. Nelly Korda vs Grant Horvat. He is a +3 and gave her a 5 shot lead to start. She still won.  Kai Trump set to play in first LPGA event. Paige Spirinac cheating by stomping grass. You must not take deliberate actions to improve the position or lie of your ball, or the area of your intended stance or swing, by altering physical conditions.  Blue Origin Landed Booster Encyclopedia Galactica MarketsS&P500 Up 16%, ~2% off high Tech: Up 20%, ~5% off high TeslaPlay at 58.18. RobotsPlay at 1:14.50. Manufacturing Robots. Robotics: Prediction of how USA vs China in Humanoid robotics will go over the next few years  This is analogous to SpaceX. 86% of Global cargoTesla is our only hope for Robots General Intelligence Era (Robots work and encompass AGI).More Robots than humans by 2045. TAM = $200 trillionGlass Lewis and ISS facing antitrust probe.  White House looking at rules to curb their influence.  Bill Gurley: I’ll say it again - boards that don’t move could be sued in Delaware for staying - and exposing shareholders to uncapped securities claims.  Tesla outsold in Revenue the top 20 companies September Sales #1 and #2 in the World. Ford on Tesla Remember Ford $13 billion loss on EVs since 20231.6km of wires more!Politician’s Absurdity PlayThis video is great. Government kills affordability of everything it touches!  This video by Roland Gutierrez is a perfect summary of why socialism is pretty much evil. Economic impact of Elon Musk. Last 4 years. Salaries: $110 BillionTaxes: $46 billionVendors: $173 BCalifornia working on 5% tax “1-time” tax on wealth over $1Billion.  Irony and Paradox of people saying: Company over-valued and comp package is too high RecommendationsBilly Bob Thorton on Joe RoganMiles Teller on TheoRussel Crowe on Joe Rogan. 

MarketsTAMPAN: Tesla, Amazon, Meta, Palantir, Apple, Nvidia TeslaCompetition with xPeng? Compensation Plan Live streaming Shareholder meeting.  “1 Trillion pay package!!”  Proxy here Rules: 12 Tranches. 12 Market Cap + 12 Operational Term: 10 years! Award: 1% of shares in form of RSU. Vest on (a) the Market Capitalization Milestone for such tranche and (b) a previously unmet Operational Milestone. 12 Market Capitalization Milestones: 1: $2 trillion2-10: $500 billion (to $6.5 trillion)11-12: $1 trillion (to $7.5 and $8.5 trillion12 Operational Milestones Product Goals 20 Million Tesla Vehicles Delivered10 Million Active FSD Subscriptions1 Million Bots Delivered1 Million Robotaxis in Commercial OperationAdjusted EBITDA Milestones. 1-8 $50 to $400b. ETF ownership and voting rights  Ford Ford executives might scrap the electric version of its F-150 pickup Ford has $13 billion in EV losses % of Global EV Sales 25.7m BEV sales since 20197.3m is TeslaLucid ranks #3 most cash burning EV maker globally with total reported cash burn of $14.4B behind Rivian $23.2 billion and Ford's EV segment $15.5 billion. PalantirEarnings Page Play Alex’s opening remarks! “114% Rule of 40 score! What Is the Rule of 40?Core Formula: Rev Growth + operating Margin Alex Letter to Shareholders  Some of our detractors have been left in a kind of deranged and self-destructive befuddlement.🤣 Orson Welles, “The enemy of art is the absence of limitations.” NetflixKPop Demon Hunters325 million views$10b kpop industryBlack Pink Tour. Highest grossing tour by female groupWarner BrothersLicensing Video podcasts from SiriusNew York City Mayor is Responsible For Public Safety: Fire and 30,000 police officers.EducationPublic Services and InfrastructureHousing and Economic DevelopmentHealth and Social ServicesCultural and Community ServicesCity Planning and RegulationAppointments and BudgetThe New York City budget $115.9 billion Real Property Taxes: ~$34.97 billionPersonal Income Taxes $17.28 billionBusiness Income Taxes: ~$11.95 billion Sales Taxes: ~$9.5 billionState Categorical Grants: ~$7 billionFederal Categorical Grants: ~$6.5 billionTop 1-5% contribute ~$1.7-$3.5 billion in FY 2025, equating to ~1.5-3% of the total budget.  Closing1929 book on Audio.  The Diplomat Elon on Joe Rogan "The enemy of art is the absence of limitations"

Wealth Management can be a scam. Spoke to a 35-year old paying XX 1.5% a year to manage his $5.5M. If he keeps going until retirement, he'll end up paying $6M in fees and end with ~$14M less than using a Vanguard ETF AI:   I was completely honest. I said I just typed it into AI. if you're not using AI now you're stupid.  Gambling: Chauncey Billips arrested!!  Markets Fed Rate Cut The latest quarter-point cut will reduce the Fed’s benchmark short-term interest rate to between 3.75% and 4%Effects Money Market almost immediately. VMFXX's 7-day yield 4.05% and SPAXX.Juices economy. Less expensive to borrow, so can invest, build etc.. Apple Slow to AI. But will figure it out. iPhone 17 awesome.  Meta  Earning ResultsRevenue $50b. Record! UCAN 43% (Side note…S&P 500 is international).CapEx $50b YTD vs $24b last year. Double!!!Stock down 11%Amazon Up 10% plus in after-hours. $180b in the quarterI’ll never sell: Package everyday. Andy Jasse Memo cultureTeslaTesla Earnings.  Record Revenue. $28b.Energy up 44% !!!!Revenue $3.4b and $2.3 cost. $1b in profitUS grid is only 50% productive. Can double with batteries. Other Services up 25%.Elon Remarks. Play at 11.00 Play thur 15.00 Leader in Realworld AI. ShockwaveDan Ives: No Drivers in Austin prior to year end. Taking a VERY conservative strategy! Nvidia & PalantirPLAY Jensen Huang on the importance of of Palantir and their ontology stack Alex and Jensen speaking together.  Autonomous Driving NVIDIA Drive Software NEWS: Nvidia today announced it is partnering with Uber to help build the "world’s largest Level 4 autonomous fleet, targeting 100,000 Robotaxis starting in 2027. NetflixEarnings Letter Earnings Call Highlights: Talked about personalized ad targeting. THIS IS HUGE!KPop Demon Hunters, which is now our most popular film ever (325M views)Top 10 movies here. Sharing view % growingWhy Netflix?Grown organically. WB and other mergers/acquisitions are a mess: Cultural and bureaucratic. Same core execs: Ted, Greg and David! Perfect mix of creative and Tech. No-one even close in tech. This helps ad money! Revenue and YoY % growth by Region: UCAN: $5.1b17%EMEA:$3.7b18%LatAm: $1.4b10%APAC $1.4b21%~43-45% of Revenue is US

OpenGov of Illinois Pritzker. $1.4m in gamblingSen Jon Fetterman making “based” comments. Up Next Palmer Lucky on Joe RoganBreaking 50 with Steph and Security US Bank Sharing:CoinbaseCartaIntuitMarketsYes there could be a crash. But remember economy is not same as Stock Market Gold/Silver/Bitcoin Debasement of Fiat?Sign of mania!? Foreign governments buying. Nvidia Jensen Huang 50 direct Reports. From 2023Every employee should have AI agents. Multiplying productivity by 10 to 100 X.CryptoLeverage in Crypto.  Last Friday: Bitcoin dropped ~$121k - 110. So 10%.   Crypto Bets $19b wiped out.  2 Accounts made $160m placing bets minutes before Trump News of China.  Leverage in Crypto Exchange Reports: Specifically, around 1.6 million traders across major exchanges (including Binance) got wiped out on their leveraged positions, with over $19 billion in total liquidations in just hours TeslaFrom TeslaBoomerMom on the Court proceeding on Wed Oct 15.  $345m in legal fees!  EV Adoption Globally From the WSJ China EV Sales General Motors issues profit warning - $1.6 billion hit from EV overcapacity. @GM GM just filed a form 8-K informing that it "approved charges of $1.6 billion in GM North America in the three months ended September 30, 2025".  Tesla FSD MadMax mode. OMG60 minutes to do a hit piece. Recommendations:Joe Rogan: John Kiriakou is a former CIA counter-terrorism officer and the first U.S. official to confirm the agency's torture of detainees. Punished for being a whistleblower, he served nearly 2 years in a federal prison. 1929 book

OpenKatie Porter: Governor of CA. Can we just get some smart rational leaders?!  Music:  Every major has a corresponding minor. Count 6. Major: WWHWWWH C:CDEFGABMinor:123456 = AmMarketsAll time highs!   Market up 4x in 10 years. $100,000 10 yrs ago:  VOO = $400,000 VGT = $800,000 Apple = $1m  NFLX = $1.1m TSLA = $2.8m  NVIDIA = $30m 100,000 = $400,000 now Symbol | Total Returns (Daily)  | 1 Year | 3 Year | 5 Year | 7 Year | 10 Year AAPL | 16% | 86% | 129% | 382% | 930% AMZN | 23% | 94% | 39% | 135% | 718% GOOG | 51% | 150% | 241% | 330% | 675% META | 22% | 438% | 178% | 356% | 676% MSFT | 29% | 129% | 160% | 401% | 1185% NFLX | 70% | 430% | 123% | 239% | 1002% NVDA | 45% | 1434% | 1229% | 2668% | 29157% QQQ | 26% | 129% | 123% | 252% | 517% TSLA | 80% | 94% | 205% | 2380% | 2701% VGT | 31% | 146% | 147% | 306% | 696% VOO | 19% | 93% | 111% | 160% | 300% Investment over time:  At age 25 max your 401k at $23,500 and save an extra $1,000/month. Increase by $1000/mo annually until age 50. You should have over $10m by age 50. (below shows $13.5m with 10% returns. NetflixWokeFlix.  Everyone will hate something!! Greg Peters - Co CEO: "Go with God and try to monetize the heck outta that."Good philosophy for LIFE! Still really the only PURE streaming playTesla Elon Musk's 2018 Tesla Compensation Plan Structure: 12 tranches; each tranche vested only upon achieving both a market cap milestone and an operational goal.Milestones: 12 market cap targets starting at $100B and increasing by $50B each up to $650BDone in 2023. Stock was basically $20 and 10X!!!   20x now. Elon Musk's 2025 Proposed Tesla Compensation Plan Structure: Similar to 2018 with 12 tranches of restricted stock. Milestones: 12 market cap targets from $2T to $8.5TFSD v14. Watch the vides. Parking in Garages, fast-food drive-thru’s, pulling over for ambulance, etc…  Tesla is the world leader in: (1) Real-world AI (2) Robotics and (3) Manufacturing advanced integrated hardware and software at scale. This 3rd point is under-appreciated, but is key to profitability. XAIXAI/Grok, Gemini/Google, OpenAI/ChatGPT,  Jensen Huang: Play video here RecommendationsAtomic Habits and How to Win Friends and Influence People

Opening Golf PGA Championship at Quail Hollow.  156 players. Top 70 make cut. Qualification Criteria California Budget $12 billion budget deficit.  Newsom is proposing to close the deficit by rolling back state-funded insurance coverage for adults without legal immigration status, cutting coverage for weight loss drugs like OzempicCalifornia: 13.3%Hawaii: 11.0%New York: 10.9%New Jersey: 10.75%Oregon: 9.9%Investing $1000 to every kid. Home Alarm: $45/ month MarketsTariffs Tariff Game Theory: China has to blink because everyday that passes every company is studying and implementing supply chain changes.   So much panic in last month or so.   Now Flat year to dateIf investing on April 7.   You are up 17% and 29% Downturns is when you make money!!! Netflix All time high: $1182. Up 29% YTD. $500 billion market cap.   Netflix said on Wednesday 94 million subscribers use its advertising-supported tier.Buffet Becoming old. 94 years old. Legend. I’m still pissed he didn’t buy Tesla.  CoinbaseRansomTurning it around. Will pay $20m reward to help find attackers!!! Tesla Stilll planning to go live with Robo-taxi in Austin in June. Shares could explode.   $345 today. $480 ATH.    If you bought Tesla 10 years ago. You’re up 20x. 35-36% annualized returns.Robots dancing shown to Crown Prince and President Trump in Saudi. Talk in Saudi: Robots and wanting your own C3P0 or R2-D2 and productivity unlock. Universal “High Income”. How are we doing on Robotaxis. Robots on wheels. Bringing robotaxi to the Kingdom.Apple ATH $258. Now at $211. Was $172WHat is a buy-back?More of Eddy Cue testimony here.  Alphabet/ GoogleSearch is dead. Cloud, Youtube, Google  Biz suite alive and well.DOGEBig Balls These kids are so hard core. No weekends. They know they’re racing against a media and political clock that won’t thank them for their service. Requiring receipts: "They were basically partying on taxpayer money."  Recommendations:Friends and NeighborsTheo Von with David Spade. Listening to Ben Affleck.

OpeningGolf Justin Thomas on improving putting. MarketsGoogleEarnings on April 24, 2025 MicrosoftRevenue up 13% and Operating income up 16%. MetaRevenue up 16% YoY and operating income up 27%!3.4 billion unique users they estimate. Investment thesis: Instagram and Reels. WhatsAppAIPhysical glassesPlay at 2:05. Morning routine. Dropping F-bomb! Socially awkward. “I’m really smooth!”  Does wonders for confidence!!   🤣  Smooth talker. Self-effacing. Earnings release. NetflixAll time highs. $1100+Recession proof.Tesla shared a comment from its Board Chair. “Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company. This is absolutely false (and this was communicated to the media before the report was published) Autonomous FSD Supervised ride-hailing service is live for an early set of employees Trump Admin to ease restrictions Tesla has secured a 2 year exemption to run FSD on public roads in Norway  Tesla and NHTSA crash Data So 10x safer than human alonehttps://www.tesla.com/VehicleSafetyReportTesla Semi progress. Tesla has announced that they will be building 46 Semi truck megawatt level charging sites in the next couple years. They will all be built by early 2027. Waymo has announced they are now providing over 250,000 paid Robotaxi trips per week, up from 200,000 per week two months ago. Slate Car company Why do I feel like Slate is gonna be the Android to Tesla’s Apple.IAnduril & PalantirLeaders in defense and warfare. This video is sick! Electro-magnetic pulse to take drones down.   Ted Talk with Palmer Lucky. I like these leaders (Palmer and Alex Karp).  Economy/GovtWarren Buffet on importance of reducing trade deficit.  Tariffs Great post from Ackman. Kind of game theory on why China has incentive to settle. DOGE $250 MILLION for "Transparency for the Uzbekistan Cotton Industry" Recommendations: Palmer Lucky. Theo Von and Zuck. 

MarketsMarkets are volatile, but its very important to keep things in perspective. S&P 500 16% off all time high.  5 and 10 year annualized returns of 15% and 11%. CAPE Ratio still high at 33. Tesla“The reality is, in the future, most people are not going to buy cars.”   Letter and Financials FSD Supervised ride-hailing service is live for an early set of employees in Austin & San Francisco Model Y best selling car on Earth. 2 years in row. Transition lines in all factories (Fremont, Austin, Shanghai, Berlin) in ~6-8 weeksWorld leader in real-world AI. Unsupervised self-driving will dominate the US. Leader in manufacturing. No other EV biz in US makes money and even ICE divisions will struggle with tariffsTesla stressed their focus on localizing supply chainThey will “turn-on” Austin, then other cities push-buttonMillions of cars driving autonomously mid to late next yearOptimusChina: Optimus Humanoid Robot will be #1 with China in spots 2-10Investor Call here on YouTube Will spend less time at DOGEPlay 12:12: future of company is based on large scale autonomous cars and robots. At scale at low cost. Value is staggering. Believes Tesla will be most valuable company in world by far. More than next 5 combined. (so $15 trillion?). Play at 20:20. 1000’s of Optimus robots working if factories by end of this year. Will scale faster than any product in history. Million units/yr in 4-5 years. 2030 1 million per year (maybe 2029).Play at 35:40 . Model Y’s on track for paid rides in Austin in June. Many other cities by end of year. S-curve. Robotaxi’s operating at scale in millions by 2H 2026.Play at 40:16. Many days without knowing if improvement is happening. 10,000 miles/ intervention. Teslas driving everywhere in Austin. Average person drives 10,000 miles/ year. Play at 47:18.  “Waymo money”. Tesla costs 20% less. Doesn’t see anyone competing with Tesla at present. Tesla will have 99% or 90% something market share! Millions of cars deployed. Risk: Regulatory risk. In a few years will have 10m cars on road. Play at 1:01.30. We make also make our own cells! Tesla is the most competitive battery.Play at 1:11.58. Why are people still buying other car, like BMW’s. This is an Iphone moment.Elon: “Reality is most people won’t buy cars in future”.  Flip phone analogy. Not perfect, but not bad. Elon: “Buying a gasoline car is like riding a horse. People still do it, but rare.”Play at 1:30.25. Who is ahead in Drones and AI? Vassal state. 100% of drones have a reliance on China. “China is amazing!”. Humanoid robots. No company in world that can match Tesla. Concerned that #’s 2-10 are Chinese companies.Conclusion: Buy the future

OpeningAppreciation for life and feeling good.Punta Mita. W. Golf Masters: Rory completed a career grand slam.Men’s Golf Career Grand Slam WinnersJeff Bezos Blue Origin sends women to spaceMarketsPeople are freaking, but is it that bad? NO!! NetflixWas at a $1058. After market $10063 years ago in June was $170!!!  Almost a 6x return!!!Revenue up 12.5% YoY. I like at least 10%.  Greg says will double Ad-tier revenue in 2025 (big statement).  Price targets: Wedbush $1150JP $1025Morgan Stanley $1150Tesla $776b market cap. $240 stock price. Was $428. Biggest news coming is Cybercab in June in Austin…just wait.  Sales: Tesla’s Market Leadership: Tesla sold approximately 128,100 EVs in the U.S. during Q1 2025, outperforming the combined sales of the next 10 EV brands. Teslas Super Charger in LA. Two 45 ft screens.Giga Texas production now uses FSD Unsupervised to deliver cars from end of line to the outbound logistics lot. Over 50,000 driverless miles have been accrued between California and Texas factories so far.NEWS: Five years after debuting Indiana's first @Tesla police car, the Bargersville Police Department says it has saved them nearly $500,000 in maintenance and repairs.Joe Rogan now tweeting about Tesla: I had my Tesla model S drive me home the other day with FSD, and it’s f*****g wild. Changes lanes to avoid slow traffic, stops at red lights and stop signs, hits the blinkers and turns for you. It’s bananas.My FSD works great!!!Nvidia Blog on $500b investment and building in ArizonaWalmart & Amazon - Drone Delivery UniversitiesColumbia University: With an endowment of $14.8 billionHarvard University: With an endowment of $53 billion.Govt Govt Transparency The Washington Times claimed that Trump’s nearly 100 questions answered in three 2025 cabinet meetings is nearly 20 times the number answered by Biden during cabinet meetings over his entire four-year term DOGE 24.5k people over 115 years old claimed $59M in benefits 28k people between 1 and 5 years old claimed $254M in benefits 9.7k people with birth dates over 15 years in the future claimed  RecommendationsBrecka on Joe Rogan: Den of Thieves on Netflix. White LotusPlay guitar! 

OpeningHappy b-day to wife and her mom! Tiger Dating Vanessa. Cialis. 2.5mg per day for longevity from Bryon Trump, Kid Rock, Dana White and Bill Maher have dinner. MarketsFull Correction Territory (down 10%); quickly moving to “Bear” down 15%.  S&P 17%, Tech 25%+Apple in huge correction. PE still at 30Netflix at 43. TariffsNo income tax in the US income tax until 1913. Tariff rates: The U.S. charged less than most big players—think 2-5% versus 5-15% from others.Trade Deficit 2024 was $918.4 billion.Total US spending deficit: $1.8 trillion in 2024 per FRED. Spend $6t and take in $4t. Total US Debt. $36 trillion.Interest expense is $1t growingRay Dalio on the significance and problem of debt. Antonio Gracias on SS and Medicaid Fraud.  NetflixAdolescenceSpaceX turns out it was harrowing story simply docking the Starliner. X & XaiElon announcement here CNBC interview with Rich Greenfield. .  WSJ Article here.  RoboticsNew Figure Video released.Tesla now taking deliveries for Optimus. Official post from Tesla that autonomous robotaxi starting in Austin in JuneTeslaTesla worst delivery numbers in years. Norway registered more cars in March that ever.Made in the USAKey Elements of RICO Charges Government inefficiencyFix Regulation and be more efficientHere is video of Ezra Klein discussing with Jon Stewart why $44b of broadband connected zero homes in 4 years. Social Security: Antonio Gracias:!  SS fake #’s and spendingsWho is screaming the loudest. The Fraudsters.  Video from Jason C. https://x.com/Jason/status/1906730493216780699 DogeGoal is to reduce spending by $1b or 15%.   Entire Doge Interview with Brett Baier.  Survey at 1:10. $1b. $830m online survey.   1700 different IT systems. 17 CIO’s. Social Security Fraud. 

Opening Jordan Peterson. Ride or Die Grok vs Google Golf California Business MarketsS&P 8% off highs. Was 10% 1 week ago. So that was a correction Tesla 52%. Nvidia, Meta: 20%. Apple: 18%.Finance Education Security. Digital Hygiene:  Great from Karpathy 2-factor authentication and strong password for financial websites. YubiKey. 1Password IRA Contributions 401k Max: 2025: $23,500 + Employer Match + After-tax = $70,000 Still can do $7000 in IRA. Treasury Secretary Scott Bessent and All-inFull Interview on X here.PalantirDOGEWebsite is GREAT!! www.doge.gov I had to google “Timor-Leste”Elon on what DOGE is finding.DOGE's spending cuts are ramping up so quickly that United Airlines announced government travel is down a MASSIVE -50%NetflixCNBC video here. MoffetNathanson Upgrades Netflix to $1100. “Netflix has won the streaming wars.Case closed”Nvidia Jensen Huang KeyNote at GTC 2025Nvidia working on driverless vehicle with GM!!   Video post here.Blue the robot. Robots are coming!!SpaceX Tesla$480. Now $230. Sow down 52%. So increase 1.1x or 110% to get back. Play at 0:30. Winner take most by Cathie Wood. $8-10 trillion in Revenue in 2030. ½ to platforms, like Tesla. Which is the biggest AI platform in the world.Dragon crew launch to ISS.Carried a russian cosmo.Stuck no More! WSJ 285 days in space. 9 months. No other US company can do this. 400th landing of Falcon 9 booster.  Will launch to Mars and carry Optimus. Crossover.Per Elon, SpaceX carries 95% of payload to orbit.Starship is the only “vehicle” currently built that can go to Mars. Boston Dynamics Robot - Break dancing. Yes its here. BYD. Sheer size of Shenzhen factory. University EndowmentsTrump threatening to suspend federal grants to Columbia University per WSJ.Play  Andreeson on University funding. RecommendationsAll-In Podcast. Chamath and Friedberg interviewing Secretary of Treasury Scott DictatorsWhite LotusElon Interview on Ted Cruz