Stanphyl Capital ❌ Profile picture
Jun 8 4 tweets 1 min read Twitter logo Read on Twitter
I just sold all our $GM in the $36s. We had a modest profit on the position, but that's irrelevant.
Even though access to $TSLA chargers benefits $GM greatly (a reason to buy GM rather than Tesla) I won't own a company with a CEO who'd do business with that criminal.
cc: @mtbarra
A lot of people seem to be missing an important point here:

“Moral issues” aside, I don’t TRUST a CEO who would do business with that criminal!
Many Teslemming morons are taunting me about $GM & Trevor Milton.

First, I didn't own the stock when they made that deal, but more importantly Milton (unlike Musk) wasn't a known fraudster at the time the deal was made!

Kindly let that sink into your small little brains.
And finally, I don't "do business" with Twitter.

Unlike many of you Teslemming cultboys, I don't pay for a checkmark and thus have no business relationship with Twitter whatsoever. If someone happens to buy an ad next to one of my tweets, that's THEIR mistake, lol.

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More from @StanphylCap

Feb 18
1) With 84% of S&P 500 companies having reported as of February 15th, Q4 GAAP earnings came in at just $38.38/share, which annualizes to $153.52.

A 16x multiple on that would put the S&P at just 2456.
TTM GAAP = $171.52. 16x that = 2744.
2) If you prefer "operating earnings," Q4 is coming in at $49.73 = $198.92 annualized. (TTM operating = $196.31.)

A 15x multiple on $198.92 (reasonable for "operating" when you can get a guaranteed 5% on 6-month T-bills) puts the S&P @ 2983. 16x puts it @ 3182. It's now @ 4079.
3) I've had my ass handed to me in '23 being very net short, but I'm as convinced as ever that this market is Wile E. Coyote, hanging in mid-air off a cliff & about to take a giant plunge as liquidity again reverses and 5% risk-free in a 6-month T-bill makes cash "an asset class"
Read 5 tweets
Aug 29, 2022
1) $TSLA-related email, from a friend:

"A couple I know... bought a Tesla in 2013 and in email after email I couldn't stop hearing about how they raved about the car and the stock...The battery died in 2019 and was replaced..."
(continued)
2) "Now, the replacement battery is dead and Tesla wants $15k to replace it again. The car went just over 50k miles the first time, and less the second time...They now think Tesla's quality and business practices are a joke..."
(continued)
3) "Unless Tesla gives them a 200k-mile warranty on the now-needed battery they'll chuck the car for whatever they can get and move on to pretty much anything else..."
(continued)
Read 4 tweets
Nov 7, 2021
1) Last Wednesday at 5:59PM I had a brief (if you blinked you missed it!) slot on Fox Business to talk about EV tax credits being an egregious waste of money.

This was NOT $TSLA-specific, and in fact I'm long more $GM & VW combined than I'm short Tesla and GM would benefit most.
2) Here's my point-by-point argument, stated simply & concisely:

a) There are around 1.4 billion cars & light trucks in the world.

b) All 1.4 billion cars & light trucks combined contribute only around 12% of man-made CO2.

(continued)
3)
c) If the U.S. subsidizes, say, 14 million electric cars @ $10,000 each (averaged between the proposed union & non-union credits), it will spend $140 billion of taxpayer money to make only 1% of the world's cars electric.

d) 60% of US electricity is fossil fueled

(continued)
Read 7 tweets
Nov 6, 2021
1) Berkshire reported this morning. Want to see something funny?

Its OPERATING CASH FLOW for the first 9 months of 2021 is almost EXACTLY equal to $TSLA's automotive REVENUE for the same period.
2) And oh, Berkshire had $204 billion of total revenue vs. just $36 billion for Tesla, while $TSLA's market cap = 2x Berkshire's.
3) And oh, for the first 9 months of this year vs. last, Berkshire grew revenue by $23 billion.

$TSLA only grew revenue by $15 billion.
Read 6 tweets
Nov 5, 2021
Assuming the Apple hiree is CJ Moore, I can understand why Cook would hire him: he's honest, and wasn't afraid of speaking truth to Musk: arstechnica.com/cars/2021/05/t…
He hasn't changed his LinkedIn yet, but I bet this is the guy: linkedin.com/in/cj-moore-56…
This likely means there are even FEWER people around to rein in Mr. Fraudsperger's deadly, despotic, Autopilot insanity...

Pedestrians & other motorists: beware!
Read 4 tweets
Oct 3, 2021
There's this rapper tonight at Summerstage named Kenny Beats. Every 10th word out of mouth is "the N word."

Can someone please explain to me why this isn't a terrible societal double-standard? Image
By the way, of the other 9 words out of every 10, "b*tches* and "p*ssy" seem to be pretty popular for this guy too, lol.

The funny thing is, between the raps he sounds like a nice, articulate, funny, likeable guy!
Correction: that’s Zach Fox… Kenny Beats is on next.
Read 4 tweets

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