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"

Wealth Management can be a scam. Spoke to a 35-year old paying XX 1.5% a year to manage his $5.5M. If he keeps going until retirement, he'll end up paying $6M in fees and end with ~$14M less than using a Vanguard ETF

AI: I was completely honest. I said I just typed it into AI. if you're not using AI now you're stupid.

Gambling:

Chauncey Billips arrested!!

Fed Rate Cut

• The latest quarter-point cut will reduce the Fed’s benchmark short-term interest rate to between 3.75% and 4%
• Effects Money Market almost immediately. VMFXX's 7-day yield 4.05% and SPAXX.
• Juices economy. Less expensive to borrow, so can invest, build etc..

Apple

Slow to AI. But will figure it out. iPhone 17 awesome.

Meta

• Earning Results
• Revenue $50b. Record!
• UCAN 43% (Side note…S&P 500 is international).
• CapEx $50b YTD vs $24b last year. Double!!!
• Stock down 11%

Amazon

• Up 10% plus in after-hours.
• $180b in the quarter
• I’ll never sell:
  • Package everyday.
  • Andy Jasse
  • Memo culture

Tesla Earnings.

• Record Revenue. $28b.
• Energy up 44% !!!!
  • Revenue $3.4b and $2.3 cost. $1b in profit
  • US grid is only 50% productive. Can double with batteries.
• Other Services up 25%.

Elon Remarks. Play at 11.00 Play thur 15.00

• Leader in Realworld AI. Shockwave

Dan Ives:

No Drivers in Austin prior to year end. Taking a VERY conservative strategy!

PLAY Jensen Huang on the importance of of Palantir and their ontology stack

Alex and Jensen speaking together.

Autonomous Driving

NVIDIA Drive Software

NEWS: Nvidia today announced it is partnering with Uber to help build the "world’s largest Level 4 autonomous fleet, targeting 100,000 Robotaxis starting in 2027.

Earnings Letter

Earnings Call

Highlights:

• Talked about personalized ad targeting. THIS IS HUGE!
• KPop Demon Hunters, which is now our most popular film ever (325M views)
  • Top 10 movies here.
• Sharing view % growing
• Why Netflix?
• Grown organically. WB and other mergers/acquisitions are a mess: Cultural and bureaucratic. Same core execs: Ted, Greg and David!
• Perfect mix of creative and Tech. No-one even close in tech. This helps ad money!

Revenue and YoY % growth by Region:

• UCAN: $5.1b17%
• EMEA:$3.7b18%
• LatAm: $1.4b10%
• APAC $1.4b21%

~43-45% of Revenue is US

• Gov of Illinois Pritzker. $1.4m in gambling
• Sen Jon Fetterman making “based” comments.

Up Next

• Palmer Lucky on Joe Rogan
• Breaking 50 with Steph and

Security

• US Bank Sharing:
  • Coinbase
  • Carta
  • Intuit

Yes there could be a crash. But remember economy is not same as Stock Market

Gold/Silver/Bitcoin

• Debasement of Fiat?
• Sign of mania!?
• Foreign governments buying.

Nvidia

• Jensen Huang 50 direct Reports. From 2023
• Every employee should have AI agents. Multiplying productivity by 10 to 100 X.

Leverage in Crypto.

Last Friday: Bitcoin dropped ~$121k - 110. So 10%.

Crypto Bets

$19b wiped out.

2 Accounts made $160m placing bets minutes before Trump News of China.

Leverage in Crypto Exchange

Reports: Specifically, around 1.6 million traders across major exchanges (including Binance) got wiped out on their leveraged positions, with over $19 billion in total liquidations in just hours

From TeslaBoomerMom on the Court proceeding on Wed Oct 15.

$345m in legal fees!

EV Adoption Globally

From the WSJ

China EV Sales

General Motors issues profit warning - $1.6 billion hit from EV overcapacity. @GM GM just filed a form 8-K informing that it "approved charges of $1.6 billion in GM North America in the three months ended September 30, 2025".

Tesla FSD

• MadMax mode. OMG
• 60 minutes to do a hit piece.

Joe Rogan: John Kiriakou is a former CIA counter-terrorism officer and the first U.S. official to confirm the agency's torture of detainees. Punished for being a whistleblower, he served nearly 2 years in a federal prison.

1929 book

Katie Porter: Governor of CA. Can we just get some smart rational leaders?!

Music:

• Every major has a corresponding minor. Count 6.
• Major: WWHWWWH
• C:CDEFGAB
• Minor:123456 = Am

All time highs!

• Market up 4x in 10 years.

$100,000 10 yrs ago:

VOO = $400,000

VGT = $800,000

Apple = $1m

NFLX = $1.1m

TSLA = $2.8m

NVIDIA = $30m

100,000 = $400,000 now

Symbol | Total Returns (Daily)

| 1 Year | 3 Year | 5 Year | 7 Year | 10 Year
AAPL | 16% | 86% | 129% | 382% | 930%
AMZN | 23% | 94% | 39% | 135% | 718%
GOOG | 51% | 150% | 241% | 330% | 675%
META | 22% | 438% | 178% | 356% | 676%
MSFT | 29% | 129% | 160% | 401% | 1185%
NFLX | 70% | 430% | 123% | 239% | 1002%
NVDA | 45% | 1434% | 1229% | 2668% | 29157%
QQQ | 26% | 129% | 123% | 252% | 517%
TSLA | 80% | 94% | 205% | 2380% | 2701%
VGT | 31% | 146% | 147% | 306% | 696%
VOO | 19% | 93% | 111% | 160% | 300%

Investment over time:

At age 25 max your 401k at $23,500 and save an extra $1,000/month. Increase by $1000/mo annually until age 50.

You should have over $10m by age 50. (below shows $13.5m with 10% returns.

WokeFlix.

• Everyone will hate something!!

Greg Peters - Co CEO:

• "Go with God and try to monetize the heck outta that."Good philosophy for LIFE!
• Still really the only PURE streaming play

Elon Musk's 2018 Tesla Compensation Plan

• Structure: 12 tranches; each tranche vested only upon achieving both a market cap milestone and an operational goal.
• Milestones: 12 market cap targets starting at $100B and increasing by $50B each up to $650B
• Done in 2023.

Stock was basically $20 and 10X!!! 20x now.

Elon Musk's 2025 Proposed Tesla Compensation Plan

• Structure: Similar to 2018 with 12 tranches of restricted stock.
• Milestones: 12 market cap targets from $2T to $8.5T

FSD v14. Watch the vides. Parking in Garages, fast-food drive-thru’s, pulling over for ambulance, etc…

Tesla is the world leader in:

(1) Real-world AI (2) Robotics and (3) Manufacturing advanced integrated hardware and software at scale. This 3rd point is under-appreciated, but is key to profitability.

XAI/Grok, Gemini/Google, OpenAI/ChatGPT,

Jensen Huang:

Play video here

• Atomic Habits and How to Win Friends and Influence People

Golf

PGA Championship at Quail Hollow.

• 156 players. Top 70 make cut.

Qualification Criteria

California Budget

• $12 billion budget deficit. Newsom is proposing to close the deficit by rolling back state-funded insurance coverage for adults without legal immigration status, cutting coverage for weight loss drugs like Ozempic

1. California: 13.3%
2. Hawaii: 11.0%
3. New York: 10.9%
4. New Jersey: 10.75%
5. Oregon: 9.9%

Investing

• $1000 to every kid.

Home Alarm: $45/ month

Tariffs

Tariff Game Theory: China has to blink because everyday that passes every company is studying and implementing supply chain changes.

So much panic in last month or so.

• Now Flat year to date
• If investing on April 7. You are up 17% and 29%
• Downturns is when you make money!!!

Netflix

• All time high: $1182. Up 29% YTD.
• $500 billion market cap.
• Netflix said on Wednesday 94 million subscribers use its advertising-supported tier.

Buffet

• Becoming old. 94 years old. Legend.
• I’m still pissed he didn’t buy Tesla.

• Ransom
• Turning it around. Will pay $20m reward to help find attackers!!!

• Stilll planning to go live with Robo-taxi in Austin in June. Shares could explode.
  • $345 today. $480 ATH.
  • If you bought Tesla 10 years ago. You’re up 20x. 35-36% annualized returns.
• Robots dancing shown to Crown Prince and President Trump in Saudi.
• Talk in Saudi:
  • Robots and wanting your own C3P0 or R2-D2 and productivity unlock. Universal “High Income”.
  • How are we doing on Robotaxis. Robots on wheels. Bringing robotaxi to the Kingdom.

• ATH $258. Now at $211. Was $172
• WHat is a buy-back?

More of Eddy Cue testimony here.

• Search is dead.
• Cloud, Youtube, Google Biz suite alive and well.

Big Balls

These kids are so hard core. No weekends. They know they’re racing against a media and political clock that won’t thank them for their service.

Requiring receipts: "They were basically partying on taxpayer money."

• Friends and Neighbors
• Theo Von with David Spade. Listening to Ben Affleck.

Golf

Justin Thomas on improving putting.

Earnings on April 24, 2025

• Revenue up 13% and Operating income up 16%.

• Revenue up 16% YoY and operating income up 27%!
• 3.4 billion unique users they estimate.
• Investment thesis:
  • Instagram and Reels. WhatsApp
  • AI
  • Physical glasses

Play at 2:05. Morning routine. Dropping F-bomb! Socially awkward. “I’m really smooth!” Does wonders for confidence!! 🤣 Smooth talker. Self-effacing.

Earnings release.

• All time highs. $1100+
• Recession proof.

shared a comment from its Board Chair.

“Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company. This is absolutely false (and this was communicated to the media before the report was published)

Autonomous

FSD Supervised ride-hailing service is live for an early set of employees

Trump Admin to ease restrictions

Tesla has secured a 2 year exemption to run FSD on public roads in Norway

Tesla and NHTSA crash Data

• So 10x safer than human alone
• https://www.tesla.com/VehicleSafetyReport

Tesla Semi progress. Tesla has announced that they will be building 46 Semi truck megawatt level charging sites in the next couple years. They will all be built by early 2027.

Waymo has announced they are now providing over 250,000 paid Robotaxi trips per week, up from 200,000 per week two months ago.

Slate Car company

• Why do I feel like Slate is gonna be the Android to Tesla’s Apple.I

• Leaders in defense and warfare.
• This video is sick! Electro-magnetic pulse to take drones down.
• Ted Talk with Palmer Lucky.

I like these leaders (Palmer and Alex Karp).

Warren Buffet on importance of reducing trade deficit.

Tariffs
Great post from Ackman. Kind of game theory on why China has incentive to settle.

DOGE

$250 MILLION for "Transparency for the Uzbekistan Cotton Industry"

Recommendations:

• Palmer Lucky.
• Theo Von and Zuck.