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𝗧𝗲𝘀𝗹𝗮 𝗙𝗮𝗰𝘁𝘀 🔋 Profile picture
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30 Oct, 5 tweets, 4 min read
Shameless: the infamous $4,500 "UAW bribe" in the "Build Back Better Act" (H.R. 5376) excludes employee-owned US car factories, such as Tesla, even if they form a union (!).

It defines "Domestic Assembly Qualifications" in a way that requires 50%+ non-shareholder employees...
Sources:

▪️Latest House version of the bill:
congress.gov/bill/117th-con…
▪️IRS (26 U.S. Code § 7701) code it references:
law.cornell.edu/uscode/text/26…

See 7701(a)(46), it excludes unions with 50%+ shareholder-members.

I.e. Tesla workers would be excluded even if they formed a union ...
Why do they need this anti-shareholder language? So that the UAW can maintain its tax-exempt status under IRS 501(c)(5)...

Note the nauseating taxation double standard: the UAW and its investments are 100% tax-free (!) under 501(c)(5) - such as their huge stake in GM ...
UAW union leadership negotiates big stakes in automakers - which is then tax-free from that point on.

𝗨𝗻𝗶𝗼𝗻𝘀 𝗽𝗮𝘆 𝟬% 𝘁𝗮𝘅𝗲𝘀 𝗼𝗻 𝗮𝗻𝘆 𝗴𝗮𝗶𝗻𝘀, while Elon Musk's effective tax rate is 53%+ for the Tesla options he's exercising this year...

Rules for thee ...
Note that all of this is my non-lawyer amateur reading of the proposed legislation & it's thus subject to errors.

The final act will be a compromise between the Senate and the House versions.

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More from @truth_tesla

𝗧𝗲𝘀𝗹𝗮 𝗙𝗮𝗰𝘁𝘀 🔋 Profile picture
11 Sep
@nealboudette @earcos @elonmusk For every robotaxi projection that turned out to be too optimistic (during a pandemic year...), there's a dozen improbable feats Musk already accomplished:

✅ landing rockets,
✅ a million Teslas,
✅ launching astronauts,
✅ Space Internet,
✅ fastest production car, etc.

1/
@nealboudette @earcos @elonmusk 2/

Musk is a self-admitted, incorrigible optimist about deadlines, but he always delivers.

As a NYT journalist, why are you defining Musk by his failed self-imposed deadlines, instead of by what matters: by his successful accomplishments? 🤔
@nealboudette @earcos @elonmusk 3/

Why are you, as a NYT journalists, deriding Musk with ridicule & contempt?

Are you discriminating against Musk just because he's an autistic introvert, not compatible with your life experience of an extroverted journalist? 🤔

Eye movements of a neurodivergent introvert:
Read 6 tweets
𝗧𝗲𝘀𝗹𝗮 𝗙𝗮𝗰𝘁𝘀 🔋 Profile picture
2 Apr
Tesla's all-time record deliveries of 184.8k vehicles is extremely impressive, given the countless Q1 headwinds:

❌ Q1 seasonally weakest (winter) quarter for auto sales: a 10-20% headwind
❌ Tesla had no Model S/X production due to the Plaid refresh: ~15k units missing

1/
2/
❌ China: the quarter was 10 days shorter due to the Chinese New Year and the calendar quarter being 2 days shorter. That's 10 days of missing sales & production days.
❌ US: some buyers were possibly waiting for the new federal EV incentives
❌ Samsung Texas factory shutdown
3/
❌ Europe: many key markets are in partial or full Covid lock-downs, such as the Netherlands which was on a hard lock-down for the whole quarter.
❌ Tesla had a 2-day production shutdown at Fremont, due to parts shortages.
❌ Model 3 cannibalized by ramping Model Y
Read 4 tweets
𝗧𝗲𝘀𝗹𝗮 𝗙𝗮𝗰𝘁𝘀 🔋 Profile picture
2 Apr
Large convolutional neural networks are computing-intense, with two distinct modes of operation:

✅ "training" an NN: over 100,000 GPU hours
✅ "inference": running an NN in the car

Tesla has built supercomputer-performance chips for both workloads.

blogs.nvidia.com/blog/2016/08/2…

1/
2/
Tesla has yet to disclose details about their "Dojo" training chip, here's the CPU die layout of their inference chip.

The large integrated SRAM cells & the single-clock 96x96 matrix multiplicators allow Tesla HW3 boards to run large NNs at unmatched power efficiency.
3/
Power efficiency is the primary limit of consumer grade, mass-adopted autonomy (self-driving in every car): while current top of the line GPUs are able to perform inference computing at a performance comparable to Tesla's FSD chip, they do it while drawing ~10x more power.
Read 4 tweets
𝗧𝗲𝘀𝗹𝗮 𝗙𝗮𝗰𝘁𝘀 🔋 Profile picture
1 Apr
Why the leak of record Tesla Q1 European deliveries is authentic IMO:

✅ figures internally consistent
✅ record EU Q1 ships
✅ awkward April 1 timing
✅ fake leak would avoid typos in business email
✅ fake leak would leak global numbers
✅ reliable source of @RandyVegetables
2/
✅ "Tesla authentic" language & non-obvious internal details a fake one with typos wouldn't know to replicate
✅ Timing of April 1 and AM European time is correct for the final figures to be summarized, and a rushed congratulatory email by a clearly proud EMEA team lead.
3/
Individually these details are all circumstantial evidence, but in combination they give me high confidence that this leak is probably authentic.
Read 4 tweets
𝗧𝗲𝘀𝗹𝗮 𝗙𝗮𝗰𝘁𝘀 🔋 Profile picture
20 Feb
Why many Tesla investors are frustrated over Tesla's Bitcoin experiment.

@elonmusk describing money as "avoiding the inconvenience of barter" is a rare case of him misunderstanding the first principles of something utterly important: the history & role of money.

A thread.

1/
2/
I realize that I'll lose followers over this - but this had to be said.

It is a commonly told story to economics students all over the world: money and coinage was created to replace unwieldy barter. Instead of exchanging goods, people exchanged valuable gold coins.
3/
This is a convenient story that, just like the story Tesla cars being inconvenient & "dirty", is utterly false.

There's literally 𝒛𝒆𝒓𝒐 evidence in the rich archaeological record of humanity suggesting high functioning barter economies who simplified barter with coinage.
Read 19 tweets
𝗧𝗲𝘀𝗹𝗮 𝗙𝗮𝗰𝘁𝘀 🔋 Profile picture
19 Feb
I have Gbit fiber Internet, yet I pre-ordered Starlink:

✅ Planned speeds 1-10 GBit/sec
✅ Cells are valuable, limited real estate, 𝙚𝙨𝙥𝙚𝙘𝙞𝙖𝙡𝙡𝙮 in populated areas
✅ Independent
✅ Full constellation much lower latencies than terrestrial Internet
✅ To support SpaceX
2/
Especially the "Starlink cells are a first-come-first-served limited resource" is poorly understood.

Starlink receiver's high-tech phased array antennas, consisting of ~600 ASICs, allow very tight radio beams - but beam size is still a few kilometers wide on the ground.
3/
This physical property puts an upper limit on the number of subscribers per Starlink cell.

Each Starlink cell is roughy 4km × 4km currently, which suggests a beam size of 2-4 km.
Read 6 tweets

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