Wasn’t $TSLA charging network supposed to be a super important distinguishing feature for Tesla EVs? Why is getting rid of that advantage a good thing? Unless it was done on some insanely advantageous terms or something.

Can someone explain to me what changed starting around 1994?

Someone explain to me why o&g/mining businesses don’t carry super low WACCs. They are subject to one giant risk - commodity price fluctuations- but that can be completely hedged and therefore doesn’t deserve any kind of risk premium.

The one thing you can always be sure of is that if you read “not financial advice” you are about to get some financial advice

On Twitter, whenever someone mentions the mortgage rate, they make sure to round it up at least 50bps.

@FbBagholder I imagine they will have to have option to switch default engine which many will use. Still, agree with your point and wonder why they didn’t do this a long time ago.

Nice quarter by $YELP, proving out the thesis that they are moving from managing EBIT to zero (AMZN-style) to allowing top-line gains to flow through to EBIT. Currently 28x EV/EBIT (trailing) but if guidance plays out they will be 21x EBIT in a year

Just to give a sense of how important seasonal adjustment factors are for NFP, the non-seasonally-adjusted number for Jan was -2.5M!

@borrowed_ideas I should say I am a subscriber and very much enjoy reading your work.

Q4 update to FAAMG multiple charts (adding back R&D) $AAPL $AMZN $MSFT $GOOG $META

@borrowed_ideas And asset write down was actually 1.8B this quarter not 2.2B. I accidentally added last quarters write downs (but original chart is correct)

@borrowed_ideas it appears the "Other" bucket is from: "Abandonment charges for data center assets" that can be found in statement of cash flows

@borrowed_ideas Standard Bloomberg adjustments. In this case for asset write-downs (2.22B), restructuring expenses (4.2B) and "Other Abnormal Items" (1.34B). Will look into what they are putting in the "other abnormal items" bucket.

Just a wild reacceleration at $META. Almost unbelievable.

$META Quest 3 renders

@BluthCapital I just don’t understand how HBO does it

(obviously y-axis should be thousand cars)

It would appear $TSLA is no longer production constrained. Possible this is due to 2023 tax credit timing, but given the discounts offered in December (to everyone, not just those making <$150K) I doubt it.

Important chart. We are actually DEFLATING in aggregate after adjusting for the lagging rent/OER components of CPI. https://t.co/I4wZwMaP69

Elon appears to be letting his ego run away with him. Very understandable given how the Tesla saga played out and the constant simping of his fans and comparisons to Iron Man. If this were a tv show I’d say he’s due for a self-induced collapse followed by a redemption. https://t.co/VsNsfIGQD9

🤔 https://t.co/W8u0X2jzyD

What would $META Reality Labs be valued at, in its exact current state, if it was spun off and Elon was CEO?