Markets
TAMPAN: Tesla, Amazon, Meta, Palantir, Apple, Nvidia
Tesla
Competition with xPeng?
3 rules, motes, advantages, whatever:: Ai, Scale, Manufacturing software and hardware.
Compensation Plan
Live streaming Shareholder meeting.
Headlines screaming: “1 Trillion pay package!!”
Proxy here.
- Shareholder final vote and reveal today.
- 1 Million Bots delivered and 1 Million Robotaxis!!
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 trillion
- 2-10: $500 billion (to $6.5 trillion)
- 11-12: $1 trillion (to $7.5 and $8.5 trillion
12 Operational Milestones
Product Goals
-
- 20 Million Tesla Vehicles Delivered
- 10 Million Active FSD Subscriptions
- 1 Million Robotaxis in Commercial Operation
Adjusted EBITDA Milestones
- $50 Billion of Adjusted EBITDA
- $80 Billion of Adjusted EBITDA
- $130 Billion of Adjusted EBITDA
- $210 Billion of Adjusted EBITDA
- $300 Billion of Adjusted EBITDA
- $400 Billion of Adjusted EBITDA
- $400 Billion of Adjusted EBITDA
- $400 Billion of Adjusted EBITDA
Schwab Swirl on X
ETF ownership and voting rights
Ford
Ford executives are in active discussions about scrapping the electric version of its F-150 pickup, according to people familiar with the matter, which would make the money-losing truck America’s first major EV casualty.
The Lightning, once described by Ford as a modern Model T for its importance to the company, fell far short of expectations as American truck buyers skipped the electric version of the top-selling truck. Ford has racked up $13 billion in EV losses since 2023.
% of Global EV Sales
-
- 25.7m BEV sales since 2019
- 7.3m is Tesla.
- NOT EVEN ONE other American car company!!!
SAIC: https://saicusa.com/
Money Losing EV Makers
Lucid 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. These ‘top 3’ have lost a combined $53.1 billion since inception.
All shown companies, excluding Tesla, lost a combined $90.8 billion.
Palantir
Earnings Page
Play Alex’s opening remarks!!! Link Here.
Alex on Fentanyl and attacking boats.
“114% – our Rule of 40 score! Announcing the highest sequential quarterly revenue growth guide in our company’s history, representing 61% year-over-year growth,
What Is the Rule of 40?Core Formula: Rev Growth + operating Margin
- Revenue Growth: Year-over-year (YoY) increase in total revenue.
- Adjusted Operating Margin.
Alex Letter to Shareholders
This ascent has confounded most financial analysts and the chattering class, whose frames of reference did not quite anticipate a company of this size and scale growing at such a ferocious and unrelenting rate.
Some of our detractors have been left in a kind of deranged and self-destructive befuddlement.🤣
Headcount:
And yet, counterintuitively to many, including ourselves at times, our reluctance to abandon constraints has been a principal and driving force of our continued rise.
Our headcount is one manifestation of this disciplined approach. The casual expansion of our ranks would have diminished the need to lean even more heavily on the strength of our software and the Ontology and to ensure their continued maturation. The alternative would have been to rely on an army of bright minds to do work that would have obscured the platform’s weaknesses and ultimately hindered its development.
Henry Jaglom, the British film director, said in an interview with the Washington Post in 1994, citing his friend Orson Welles, “The enemy of art is the absence of limitations.”
The same is absolutely true in software development.
Netflix
- KPop Demon Hunters
- 325 million views.
- $10b kpop industry
- Remember Gangnam Style:
- Black Pink Tour. Highest grossing tour by female group.
Rumors:
- Warner Brothers
- Licensing Video podcasts from Sirius
Mandami
Services the New York City Mayor is Responsible For
- Public Safety: Managing the New York City Police Department (NYPD) and Fire Department (FDNY), with approximately 30,000 police officers.
- Education
- Public Services and Infrastructure: Administering sanitation, public property maintenance, street maintenance, and parks improvements.
- Housing and Economic Development.
- Health and Social Services: Managing mental health services, homeless services, and programs like universal childcare and rental assistance.
- Cultural and Community Services
- City Planning and Regulation: Enforcing city and state laws, managing land use, city contracts, and agencies like the Department of City Planning and Landmarks Preservation Commission.
- Appointments and Budget
(b) Approximate Budget by Revenue Source
The New York City budget for Fiscal Year 2026 is approximately $115.9 billion, the largest municipal budget in the U.S.. Revenue sources include:
- Real Property Taxes: ~$34.97 billion in FY25, the largest single source, expected to grow in FY26 due to increased property assessments.
- Personal Income Taxes (PIT) and Pass-Through Entity Tax (PTET): ~$17.28 billion (based on FY 2025 data, with modest growth expected for FY 2026).
- Business Income Taxes: ~$11.95 billion (projected for FY 2026).
- Sales Taxes: ~$9.5 billion (estimated for FY 2026).
- State Categorical Grants: ~$7 billion (estimated for FY 2026).
- Federal Categorical Grants: ~$6.5 billion (estimated for FY 2026).
Top 1-5% (incomes ~$300,000-$815,000): Likely contribute ~10-20% of PIT, or ~$1.7-$3.5 billion in FY 2025, equating to ~1.5-3% of the total budget. For FY 2026, this would be ~$1.8-$3.6 billion, or ~1.6-3.1% of the budget.
Closing
1929 book on Audio.
The Diplomat. Wife and will watch season 2 now.
Elon on Joe Rogan.
The enemy of art is the absence of limitations
