Elon’s Hardware 5 Tape‑Out Fuels Tesla’s Biggest Rally
$TSLA up 7.4% today, marking its best daily performance in 9 months. I attribute 20% of today’s move to the market (Nasdaq up 1.4%), along with a UBS upgrade earlier today. I believe 80% of the move is related to Elon’s nocturnal post on X announcing the tape out for Hardware 5 is complete. That’s an important update given in the world where cars are computers on wheels, a 5x improvement in chip performance helps unlock FSD and Robotaxi. As a point of reference, AI4 started to ramp in 2023, and my best guess is AI5 comes out in the middle of next year. Elon has not commented on timing.
Tesla‑SpaceX Merger Essential for Sovereign AI Future
Tesla is an important part of our thesis on SpaceX building sovereign AI. To monetize physical AI on Earth, @SpaceX needs $TSLA. To secure sovereign AI models and infrastructure, Tesla needs SpaceX. A formal merger between the two will face...
SpaceX Pioneers First Sovereign AI – Deep Dive
For a deep dive on our @SpaceX Is Building the World’s First Sovereign AI thesis, check out @dougclinton and I on Pressure Points:
AI's Second Inning Promises Explosive Growth, Not a Bubble
Are we in an AI bubble? Andy Jassy gave his take in the $AMZN annual shareholder letter: “I’ve followed the public debate on whether this technology is over-hyped, whether we’re in ‘a bubble,’ and if the margins and ROIC will be...
SpaceX Poised to Own Every Layer of Tech Stack
SpaceX, across Musk’s constellation of assets, has a plausible path to owning every single layer. Chips. Models. Data. Internet delivery. And the rockets to put it all wherever physics allows. No other company has that opportunity. https://t.co/W4WPXCFNsz
Tesla's Unconfirmed Entry‑Level Model Likely 2028 Debut
Reuters reports $TSLA is in early development for a new entry-level vehicle, roughly 5% smaller than the Cybercab. It reportedly has NOT received a green light yet, and no timing was given. My first reaction was click bait. My take: We’ve...
SpaceX Pursues Fully Independent, Sovereign AI Infrastructure
We think @SpaceX is building the world’s only sovereign AI, supreme, independent control of an AI platform. The model. The chips. The data center. The pipes that deliver the intelligence to the end user. No third-party cloud. No rented...
Tesla's Missed Delivery Hints Strong Underlying EV Demand
$TSLA is down because they slightly missed March delivery expectations.That doesn't change the takeaway. March deliveries were the first solid read on underlying demand; they grew without the help of tax credits, and growth going forward should quicken. Over the past...
Tesla Deliveries Rise 7% YoY, Thriving without Subsidies
$TSLA deliveries of 358K were up about 7% year every year. More or less in line with the whisper and a win for the company given it’s the first quarter where we get a true read on underline demand post...
Apple’s AI Future Unlocks Upside for Investors
Happy Birthday $AAPL. After 50 years of thinking different, I believe that Apple’s most profound feature is still in the making: personalized AI. Apple + AI remains appears to be one of the most underappreciated opportunities in tech. Glad to be an...
Apple’s Lasting Edge: Jobs’ Culture Outlives iPhone
$AAPL's greatest product wasn't the iPhone. It was the culture Jobs built to outlast him. 50 years in, that edge is as sharp as ever. Thank you, Steve. #Apple50 https://t.co/mb5vJTZqm5 https://t.co/VlrPrdXVE7
Tesla Gains as Rivals Slash EV Investment
Beyond the headline of next week’s $TSLA deliveries is the reality that the EV business is in a better place today than two years ago. Big Auto made big cuts to EV investment over that time, and that gives Tesla...
Frontier Robotics Are Arriving—Invest Now, Timing Irrelevant
Melania Trump walking the red carpet with Figure 03 was the third step forward for bots this week. We also saw $UBER commit $1.25B to robotaxis and Google DeepMind sign its third robotics hardware partnership in six months. Bottom line: We...
Tesla Model Y/3 Deliveries Expected Flat, Street Overestimates
$TSLA deliveries out next Thursday. The key metric is Model Y/3, which I believe will be flat y/y (324k). The Street is looking for 351k, up 8%. It's the first read on true demand after last September’s EV tax credit...
Apple’s Siri Upgrade: Bigger AI Vision, Delayed Rollout
Two things investors should keep in mind as Apple works to do something unique in AI: 1️⃣ The scope of their AI ambitions is bigger than last year’s WWDC comments. It's now expected to include conversational AI and using Siri as...
