A few thoughts on @Tesla's #BatteryDay...

1) Just like Autonomy Day, Battery Day was a miss from a share-price or wall-street perspective, BUT that's never the point. It's common for stock price to go down on actual release of a big anticipated announcement.

2) ... 2) @elonmusk and @Tesla are working on execution of 10 or 20-year plans. Like Autonomy Day, Today's battery announcement has 0 immediate impact on products, pricing, sales, etc. However, long-term (3+ years), today's announcements were huge!

3) But...

2020 has been a crazy year. @lawdan and I sold PureChat and took major investment for Axosoft (Press Release: resurgenstech.com/resurgens-tech…). There’s also been the insane rise. We feel grateful AF and are pledging $2 Million+ in donations to non-profits in the coming years... We especially want to support small non-profits that are doing unique things, where a $5,000 or $10,000 donation would have a meaningful impact. If you have recommendations, reply to this tweet and tell us!

I don’t get it. Why would @SenSanders or @IlhanMN or @AOC, people who are all about the environment, pick on @elonmusk? Been reading responses and a few things...

1) Most respectable billionaires are not against increasing tax on rich. Many like @BillGates are on record saying so.

2) Elon’s tweet the @SenSanders got upset over included a 2nd teeet saying give the money to the people instead

1/

I can’t imagine the world that an African American person lives in every day. The events of the past few weeks, from the mundane walk in the park resulting in a panic call to the cops, to a jogger getting gunned down, to a helpless person with handcuffs on being... choked to death for 10 minutes - it’s enough to drive anyone to act uncivil. That’s what happens when people feel helpless - they act uncivil. As a country, the United States (including President Trump) always stands with the people of other countries during protests...

In a matter of weeks, not decades, Coronavirus may help us solve:

- Education
- Climate change
- Healthcare

This is the potentially huge positive long-term impact of the virus. Education: We are seeing tons of online educational resources and videos given by true experts that are an order of magnitude better than the average education children get at a random school. Teachers are also discovering these resources too and will all become better teachers.

I’m a DATA guy. Lots of DOOM and GLOOM bad info on #COVID19 out there predicting as many as 3 Million American deaths.

The DATA does not support that! A thread…

1/9 Before I talk about all the positives, let me first say THIS IS SERIOUS. You need to take #COVID19 very seriously and implement social distancing. My annoyance comes from those who are creating unnecessary chaos and panic. We know this is beatable. Here is why & how…

2/9

It annoys the hell out of me when I hear millionaires (and even more so, billionaires) saying that they "deserve" their money because they "worked so hard for it."

Lots of people work hard.

A thread... In my visits to Africa, I saw villages of thousands that don't have running water. Every day, part of their routine was to walk a Kilometer to a shared water well with a jug to get water for the family to drink.

That's working hard too. Just to drink water!

People who pretend to know the stock market direction, short-term, are fooling themselves (and they try to fool you). It's way more complicated...Consider this:

A stock that is heavily shorted, even when its price goes way up, could go up even higher because... when the stock price goes up, short sellers lose an increasing amount of money (with no limit of loss). Those losses accumulate until it's more than the account value. Then the account holder is forced to "cover," meaning they have to buy the stock they shorted causing...

Finally finished watching this amazing 2-part interview of @elonmusk by @thirdrowtesla (@vincent13031925 @Kristennetten @Sofiaan @Gfilche @flcnhvy and ??) and have some thoughts...

P1:
P2:

Thoughts below...
1/4 First, giving interviews to fans, rather than traditional journalists, is one of the most unique and lovable things about Elon. Elon regularly gives fans
interviews that the major networks would kill for. Nobody else does this! Nobody!

2/4

Ok, @Tesla just announced 97,000 deliveries & ~96,000 production in Q3. That's:

1) 10,000 More production (~800/week) than Q2 from the SAME facilities! WOW!
2) They can sell more than they make!
3) All new orders - demand is HUGE!

These results are incredible! It means... - More cars from same lines = higher margins!

- Smooth growth internationally + strong in US!

- They need 105,000 deliveries in Q4 to hit 360K guidance (easy!)

- With GigaFactory 3 coming online in Q4, 120K+ deliveries is possible

Tesla continues to execute 💯, but...

I'm at a loss as to what to do to help stop a potential war with Iran, but I want to share with you my story...

My family came to the US in 1984 in the middle of the Iran / Iraq war. I was 10 when we left a city called Bandar Abbas, right at the tip of Strait of Hormuz.

1/7 I didn't put much thought into the regular sirens, followed by blackouts (power loss) that would happen regularly. Each time, my parents would take my sister and I to sit in door archways where the structure of the house was strongest to withstand a bomb blast.

2/7

Short positions on @Tesla, increased by more than 6 million shares (~$1.5 Billion) to total of 37.5M shares (~$9Billion) from May 15 - 31st. Same time there was highest level of misinformation & FUD. About 1/3 of all shares are short! Where is the SEC outrage?

cc @elonmusk It's truly hard to understand why selling a stock you don't own ("shorting") is a legal practice. Imagine if you could "borrow" homes from the neighborhood & start selling them - what would that do to home prices? Now imagine if 1/3 of homes had 2 owners. That's what shorting is!

Random Thoughts...

- We went from -0- rocket knowledge, to landing a man on the moon in 1969, roughly 8 years from first space rocket

- Boeing created the original 747, from scratch, in ~5 years, first flight in 1968 - BAC created a supersonic (Mach 2) commercial airplane, the Concorde, now retired, in 1976 (built in < 7 years!)

Then, the computer, PC and internet revolutions happened...Project management software, simulation tools, better collaboration, THE INTERNET, the Web!

and...

Apple just announced sales will be below expectations - a major first after Steve Jobs' death. They had a good run, but the decline began when Steve died...

Apple has blown it for years in a number of small, but collectively impactful ways...They're making rookie mistakes:

1/7 - Only new products have been Watch, Airpods and HomePod. Major lack of innovation. Watch still hasn't solved battery!

- They have blown it on pricing:
a) Priced HomePod speaker at $349 which made it dead on arrival in a sea of $25-$150 market leaders from Amazon...

2/7

For all the hoopla around @Tesla Model3 production problems and irresponsible journalism by @PortfolioGuru of @Forbes, @CGrantWSJ of @WSJ and many others, you might be surprised to learn that Model 3 is already the #1 Selling Electric Vehicle in America!

Where are the headlines? Remember the Chevy "Bolt" which was suppose to be the Tesla killer? At just $35,000 it can't even outsell the $100,000 Model X!

#Tesla #Model3

My @united flight flight 1486 was ~70 mins late. I sprinted to catch UA1603. Got there with 8 mins left, but doors closed… @united I asked @united attendant at the door and she said “door closed, it’s no longer my flight” and left the scene! When I asked if she can…