Grok and AI

Golf

• Click Stick
• Full Swing Golf Monitor
• Fairway ~60%, 8ft putt 50%, green in Regulation: 175-200yds = 50%. 150-175yds = 63%

Trump

• Big Dinner with Trump and moguls. Ronaldo. Elon. Crown Prince Mohammed bin Salman of Saudi Arabia
• Trump with Mamdani
• “Shared purpose of serving New Yorkers and how to help with affordability”
• Fascist?
• INSPIRING

Political Absurdity

My Post on X. Politicians and Investing

"They’ve got the WORST policies. But I don’t talk about them. Because if I talk about it, they might change."

Larry Summers - Secretary of Treasury.

• Summers resigned his seat on the OpenAI board.
• Then Harvard announced it would take a fresh look at his and other faculty members’ ties to Epstein.
• The immediate cause of Summers’s undoing was the release of a passel of messages in which he asked advice from his friend Epstein on “getting horizontal” with a woman he was pursuing.
• “She’s already beginning to sound needy :) nice,” Epstein noted

Bought:

• Tesla Down 20%
• Meta Down 26%
• VOO Down ~5%

Bitcoin

• $125,000 in October
• $87,000 today
• Down $38k or 30%

My Financial Acronyms

FATMAANN. Up 160% (85% without Nvidia), compared to S&P 57%

Facebook, Amazon, Tesla, Microsoft, Alphabet, Apple, Netflix, Nvidia

TAMPAN

Born: Nov 6, 2025

Tesla, Amazon, Meta, Palantir, Apple, Nvidia

NVIDIA Earnings Q3 2025

• Record revenue for the third quarter ended October 26, 2025, of $57.0 billion, up 22% from the previous quarter and up 62% from a year ago.

US Saudi Investment Forum. Full interview here. Elon and Jensen Huang.

Play at 7.37Work will be optional. Elon Musk says if current AI and robotics trends continue "money will stop being relevant in the future." Then to Jensen. Hahaha

Play at 14.50. Elon and Jenson announcing 500 mw or gw? Gazillion $’s. HaHaHa

Play at 18.35. AI in Space.

• Per WSJ Bids for Warner Brothers.
  • At the same time, Warner Discovery continues to move forward with plans to separate its assets into two companies: one to house its studios and streaming business, and the other comprising its cable networks
• Stock Split. 10:1

• Get a hobby
• Restrung my guitar
• Writing a rhythm, lead and lyrics to a song

Agenda:

• Golf
• Tesla & Robots
• Political statement absurdity.

Iphone. Apple at $273

Shutdown. Politicians should forgo paychecks.

Nelly Korda vs Grant Horvat. He is a +3 and gave her a 5 shot lead to start. She still won.

Kai Trump set to play in first LPGA event.

Paige Spirinac cheating by stomping grass. You must not take deliberate actions to improve the position or lie of your ball, or the area of your intended stance or swing, by altering physical conditions.

Blue Origin Landed Booster

Encyclopedia Galactica

S&P500 Up 16%, ~2% off high

Tech: Up 20%, ~5% off high

• Play at 58.18. Robots
• Play at 1:14.50. Manufacturing Robots.

Robotics: Prediction of how USA vs China in Humanoid robotics will go over the next few years

1. This is analogous to SpaceX. 86% of Global cargo
2. Tesla is our only hope for Robots
   1. General Intelligence Era (Robots work and encompass AGI).
   2. More Robots than humans by 2045. TAM = $200 trillion

Glass Lewis and ISS facing antitrust probe.

White House looking at rules to curb their influence.

Bill Gurley: I’ll say it again - boards that don’t move could be sued in Delaware for staying - and exposing shareholders to uncapped securities claims.

Tesla outsold in Revenue the top 20 companies

• September Sales #1 and #2 in the World.

Ford on Tesla

• Remember Ford $13 billion loss on EVs since 2023
• 1.6km of wires more!

Politician’s Absurdity

PlayThis video is great. Government kills affordability of everything it touches!

This video by Roland Gutierrez is a perfect summary of why socialism is pretty much evil.

Economic impact of Elon Musk. Last 4 years.

• Salaries: $110 Billion
• Taxes: $46 billion
• Vendors: $173 B

California working on 5% tax “1-time” tax on wealth over $1Billion.

Irony and Paradox of people saying: Company over-valued and comp package is too high

• Billy Bob Thorton on Joe Rogan
• Miles Teller on Theo
• Russel Crowe on Joe Rogan.

TAMPAN: Tesla, Amazon, Meta, Palantir, Apple, Nvidia

Competition with xPeng?

Compensation Plan

Live streaming Shareholder meeting.

“1 Trillion pay package!!”

Proxy here

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

1. 20 Million Tesla Vehicles Delivered
2. 10 Million Active FSD Subscriptions
3. 1 Million Bots Delivered
4. 1 Million Robotaxis in Commercial Operation

Adjusted EBITDA Milestones. 1-8 $50 to $400b.

ETF ownership and voting rights

Ford

Ford executives might scrap the electric version of its F-150 pickup

Ford has $13 billion in EV losses

% of Global EV Sales

• 25.7m BEV sales since 2019
• 7.3m is Tesla

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.

Earnings Page

Play Alex’s opening remarks!

“114% Rule of 40 score! What Is the Rule of 40?Core Formula: Rev Growth + operating Margin

Alex Letter to Shareholders

Some of our detractors have been left in a kind of deranged and self-destructive befuddlement.🤣

Orson Welles, “The enemy of art is the absence of limitations.”

• KPop Demon Hunters
• 325 million views
• $10b kpop industry
• Black Pink Tour. Highest grossing tour by female group
• Warner Brothers
• Licensing Video podcasts from Sirius

New York City Mayor is Responsible For

• Public Safety: Fire and 30,000 police officers.
• Education
• Public Services and Infrastructure
• Housing and Economic Development
• Health and Social Services
• Cultural and Community Services
• City Planning and Regulation
• Appointments and Budget

The New York City budget $115.9 billion

• Real Property Taxes: ~$34.97 billion
• Personal Income Taxes $17.28 billion
• Business Income Taxes: ~$11.95 billion
• Sales Taxes: ~$9.5 billion
• State Categorical Grants: ~$7 billion
• Federal Categorical Grants: ~$6.5 billion

Top 1-5% contribute ~$1.7-$3.5 billion in FY 2025, equating to ~1.5-3% of the total budget.

1929 book on Audio.

The Diplomat

Elon on Joe Rogan

"The enemy of art is the absence of limitations"