discussion comment
a year ago
Reading this thread, I keep thinking of the videos of black guys who go to Trump rallies and are shocked at the warm welcome they get.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
I’ve come to the conclusion that he’s a good governor, a good manager, and understands local issues. The Presidential stage is just too big for him right now. He doesn’t inspire and he knows little about international issues. He probably needs the experience of running in 2024 to be better prepared in 2028. That’s true for most governors who decide to run for President.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
The reaction to his Twitter announcement is brutal. He sounds like he’s reading the phone book out loud.
discussion comment
a year ago
The 19-year-old Indian white supremacist neo-Nazi who admitted to the FBI that his plan was to “get to the White House, seize power, and be put in charge of the nation and kill the President…” despite his admission all charges were dropped save one count of damaging property in excess of $1K. Why?
I am certain this was not an FBI false flag operation. I trust the FBI and their declaration that white supremacists are the biggest threat. This is just more proof.
If you believe that, I’ve got a bridge to sell you.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
Bernstein analyst Toni Sacconaghi estimates Apple generates between $1 billion and $2 billion per year in Apple TV+ subscription revenue, but it's spending $3 billion per year on content.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
In yesterday’s WSJ interview, Elon confirmed he has formed anArtificial Intelligence initiative within his privately owned X Corp ( Twitter ). It will draw on the Dojo AI system at Tesla and use data from Twitter. He already has staff and the super computer in place. It will be the third major AI player ( including Google and Microsoft ).
Elon didn’t say what they are going to do with all that data or what service he will offer.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
Their music catalog generates revenue because people pay to listen to it on their, wait for it, iPhone. Plus, the music catalog existed before the iPhone ( remember iPods ? ).
The point is, since introducing the revolutionary iPhone, Apple has added services and accessories, all related to it. Nothing particularly innovative. Nothing particularly revolutionary.
Which was my point. If you want to invest in innovation, Apple and Google are not where you should look. They are huge, bureaucratic cash cows with a near monopoly as a result of earlier innovation.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
The iPhone is the hub necessary for the vast majority of Apple revenue. Apps. Accessories. Services, including Music.
At least 80% of their revenue is enabled by iPhone.
Prove me wrong.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
Everything you mention is associated with the iPhone. Without the iPhone, none of these would have value.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
Biden's approval rating remains at a historic low of 36 percent.
"Biden's overall approval rating remains underwater. That's the lowest for any American president at this point in their first term. That's dating back to Harry Truman."
discussion comment
a year ago
BLM raised $90 million just in 2020 and tens of millions since then
Now the organization is on the verge of declaring bankruptcy
Where did all the money go?
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
From Jack Poso on Twitter:
Imagine, if you will, a Republican who thinks he can win the general election without the base
Ask President Romney how that worked out
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
I’m one of those old farts who spends more time on Twitter than TV. The new Twitter doesn’t censor. People say whatever they want. Ideas are debated. It really is the public marketplace of ideas. It might be the only platform where Tucker can say whatever he wants.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
For better or worse, Trump has a loyal base in the tens of millions. Desantis has an interesting story and a bright future. However, running for Governor, then immediately pivoting to President, makes him look like just another ambitious politician.
Desantis has zero chance in 2024. He will be one of many running in 2028.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
At this point, post CoVid, post supply chain issue, it’s mostly about government spending. If the negotiations between Biden andMcCarthy get spending better under control, the recession will be short and mild. Otherwise, it’ll get really ugly.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
The last successful innovation Apple had was the iPhone. The only successful innovation Google ever had was search, and AI will make that obsolete.
Both companies are milking one innovative idea. Eventually, the teat will go dry.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
“Wouldn’t a safer bet to buy Apple or Google, since they’re the ones developing auto driving software? “
Umm, no. Do some research. By using artificial intelligence, Tesla is very, very close to level 5 autonomous driving. Everyone else is at level 2 and struggling to get to level 3. Including Apple and Google.
As Elon Musk recently said, AI ( including self driving ) requires the very best experts, massive amounts of data, and at least a quarter billion dollars of servers. Tesla has all 3, especially billions of miles of driving data. No one else has that.
Waymo operates in very limited geographic locations with incredibly expensive sensor equipment and, even then, they’ve had a lot of issues. They get the publicity but are falling way short. It takes true AI to solve autonomous driving and they don’t have it.
Next year, Tesla will be selling a $25,000 car with level 5 autonomous driving. After ramping production, they will be selling 4 million per year.
Meanwhile, Waymo will likely surrender.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
BYD is selling their $15,000 Chinese cars in Europe for more like $25,000-$30,000.
discussion comment
a year ago
Customer: How much is VIP ?
Dancer: How much cash do you have ?
Customer: $400
Dancer: That’s an amazing coincidence !
- Hi Liter in 2023: Still going strong but lost some magic
The last time I was at BSC ( recently ), the songs were noticeably longer than at HL. If HL VIP dances are now similar contact to BSC, but shorter, with less attractive dancers, and $10 more, it’s game over.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
Analysts plug their best guess on future revenue and profit into a spreadsheet and discount the cash flow back to current price.
As best I can tell, the current stock price reflects profit on future cars. It doesn’t include future profit from autonomous driving, battery storage, robotaxi, artificial intelligence, robotics.
The analysts don’t have a track record on any of these business areas because they are so new to Tesla. So, they just ignore them.
As these new businesses develop a track record, the future profits will be reflected in the share price.
Cathy Wood estimated what she thinks all these businesses will be doing in 2027. She came up with a share price of $2,000 based on those profits. Even she may have missed some of the revenue streams.
Large scale battery storage is a good example. Tesla has the lead in technology and production is this area and the demand is essentially unlimited in the near future. They are adding manufacturing capacity as fast as possible. The potential market is larger than the car market worldwide. But, none of this is reflected in the Tesla share price yet.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
There are lots of videos on YouTube showing the current state of autonomous driving. They are close. But, yes, I think you have to drive the last 50 yards on your own.
I expect Tesla will offer monthly subscriptions at various levels for self driving. They’ll price it affordably to change the way people drive. Even so, it will be billions in pure profit.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
It will be a head wind for Tesla but there is also lots of good news pushing it forward.
If the 12 month credit crunch turns into a multi year depression, everyone will suffer. Otherwise, I think Tesla might dip a bit then come back stronger.
Over the next year, they will announce cars that are priced under $30,000 and save on high gas prices. They are well positioned for tough economic times.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
The shoe that is dropping is the credit market is drying up. As Elon said, the next 12 months are going to be tough.
The difference with Tesla is they can weather this storm with their $20 Billion in cash and no debt. They will continue building new car and battery factories, using their own money. Other car companies will close factories and may even go bankrupt because of their debt.
When we come out of the next 12 months, Tesla will be perfectly positioned to dominate the car and energy storage businesses.
discussion comment
a year ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
For 99% of the public, the best strategy is to consistently put money into the S&P 500 index fund ( or the Total Stock Market index ) and not take it out until retirement. That’s what I did.
Two things have changed for me
1. As a combination of investment returns over the decades, and a simple lifestyle, I’ve got money I can put at risk
2. I have never seen a company with as much upside as Tesla combined with their healthy balance sheet.
For me, in my situation, going all in on Tesla is a calculated risk worth taking. If it collapses, it doesn’t affect how I live. If it appreciates the way I think it will, I’ll have what Dave Ramsey calls generational wealth. It would provide financial security to my entire family for at least 2 generations.