Liberty

https://www.businesswire.com/news/home/20200623005496/en/Mastercard-Acquire-Finicity-Advance-Open-Banking-Strategy

Maybe ask some of the friends or family of anybody killed by a Tesla on autopilot. I’ve seen some pretty crazy threads here of pure hype stocks that somehow found a thread on what is supposed to be a value investing board, but this one takes the cake. Also lots of people have avoided accidents and been saved (by both passive and active autopilot features). Unfair to focus on one side without the other. Lots of people have also died because of design decisions by other automakers, or been saved by good decisions, but Tesla gets 1000x the attention, kind of like Apple gets all kinds of "gate" scandals because of minor things while Samsung actually had exploding phones and that made less waves...

Really exciting news about the transition to new, custom ARM silicon for the Mac line. Really looking forward to it, and it seems like they've managed the transition well with the new Rosetta, Universal binaries, and ability to run iOS apps directly on Mac OS. We'll see how the execution is, but I wouldn't be surprised if the new Macbooks that come out this fall won't have really impressive benchmarks and some really useful features that they haven't talked about yet (FaceID?).

A few things... A battery alone isn't an EV, so unless you have a good product to compete, it doesn't do much. You have to be good at A LOT of things to make a good EV. Second, using someone's supplier (Panasonic, etc) doesn't mean you get everything they get. Apple uses Foxconn, but they have exclusive use of a lot of machinery (that they paidf for) and IP that other users of Foxconn don't get. Others won't make their batteries at the Tesla Gigafactory, and won't have Tesla's volumes (at least for the foreseeable future), and may not get the exact chemistries (Panasonic may make them, but there's very likely a bunch of Tesla IP in the chemistries and in the pack design (which matters too, not just the cells), depending... It can be similar to how Apple's SoCs are ARM, but they're not the same at all as other ARM SoC's made by Qualcomm, and getting an ARM SoC doesn't mean you get Apple's cost and performance. So some press release about number of miles means very little unless you have a product for sale in large numbers and you can see the actual performance and price. Wake me up when some new EVs go for sale in large numbers and they're price and performance competitive. I'd love to see that, because I'm a big fan of the electrification of transportation.

Edit: and also this https://electrek.co/2020/06/22/tesla-offers-1-year-free-supercharging-inventory-cars-end-quarter-push/ So they were production constrained for the majority part of the quarter and still needed to (1) lower prices like they recently did and (2) to offer incentives to get rid of inventory cars. You haven't been following the space long, have you? Over the past 20 years, I've seen thousands of press releases and announcements like this. I don't even get my heartbeat up before an actual product is shipping to real customers at scale anymore.

https://www.pnas.org/content/early/2020/06/10/2009637117 “ Identifying airborne transmission as the dominant route for the spread of COVID-19”

Aren't they planning a large political rally tomorrow? I think protesting police brutality and corruption and racism may be a cause worth taking risks for, but getting on stage to get some narcissistic supply may not rise to that level... Of course! The Hypocrisy of the LEFT speaks once again! Justify the nobility of rioting/protesting/looting in addition to a dozen murders while spreading the disease unchecked! Beautiful! Thank you.! I'm not left, and there's plenty of hypocrisy on both side. You're the one who seems to be ignoring that fact. It just happens that the left isn't in charge of the executive branch right now.. Well, the right isn't either. Trump is just about Trump, not about any specific ideology (he used to be a democrat, right?). But if you can't tell the difference between a civil rights movement and a political rally, maybe check your biases and blind spots. There were protests in Hong Kong too.. Sometimes you have to take risks to fight for something important that may have long-lasting, historical impacts.

Aren't they planning a large political rally tomorrow? I think protesting police brutality and corruption and racism may be a cause worth taking risks for, but getting on stage to get some narcissistic supply may not rise to that level...

In your mind, picture the area under the curve as human suffering + economic damage. https://www.cnbc.com/2020/06/19/coronavirus-ex-trump-fda-chief-says-requiring-masks-is-not-denying-people-their-liberty.html

So the answer is, they aren't the same at all.

What has he built? A platform to raise capital. Exactly. "Nikola founder exaggerated the Capability of His Debut Truck" -> Elon literally went on a Hollywood stage with fake solar roof tiles so that the Solarcity bailout could go through. Trevor Milton seems a better salesman than Elon (he talks more smoothly) and already follows in Elon's footsteps of harassing the media: https://twitter.com/nikolatrevor/status/1273428216259072000?s=21 Maybe he can create a website to rate journalists for credibility called Pravduh? @Liberty, do you think it is a coincidence that Elon leaked an email that Tesla was ready for volume production for the semi truck and then on Twitter said they were still looking for a location where to produce it? I get that both have exaggerated claims. But Elon has also built a bunch of companies and things that do work. What has the other guy built?

What has he built?

Bill is a friend of mine. But thanks for making it clear who's the real one here. So what if he's your friend? Does that preclude him from being a deuche? Does that make me one for saying so? The reason I had doubts about whether the story was real was his casual attitude about it. His twitter was like I'm loving this guy who promotes risky and irresponsible trades. Ok, Public Service Announcement, kids, the markets are bananas right now. Here's the story about my wife's cousin who killed himself because he lost a lot of money doing risky and irresponsible trades. So be careful out there and stay safe. OK, PSA over. Man, I'm loving this guy that does risky and irresponsible trades. But he's you'r friend. So.... Dude, the kid didn't even lose the money, Robinhood interface showed -730k USD that he didn't owe (as far as we can tell), and he panicked and made a really bad decision, as humans sometimes do during panic. And if you think he has a casual attitude about it.. Man, thanks for providing more proof you're the real one here. A real gem you are. Thank you for your contribution to this thread about a 20 year old's suicide.

Bill is a friend of mine. But thanks for making it clear who's the real one here.

I know. The question he typed as his suicide note should have been an email to Robinhood customer support. Did no one ever tell him that if you don't understand something, ask? The thing is, when you don't understand something, you don't always know you don't understand it. He thought it was quite clear, and that he was almost a million in the red, and the way the interface is built, with no other indications, it's pretty easy to make that mistake. If he had time to think clearly, he probably would've figured it out, but that's what's dangerous about panic, you can do things that you can't undo..

Thanks for sharing. Yes, I think that's a good approach, something to think about with my boys when they're a bit older. I think these situations are probably even worse with really good people who care and are trying really hard to do good, because they put immense pressure on themselves, on top of whatever external pressure may be present (real or imagined).

Good new podcast interview with John Collison, the co-founder of Stripe: http://investorfieldguide.com/collison/

So tragic. https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-commits-suicide-after-seeing-a-730000-negative-balance/#5554895f5928 Here's Bill Brewster telling the story about his cousin:

As I saw posted recently, the Confederacy lasted for 5 years. It's not a country like Ireland with a long tradition and symbolism and culture, it's a very specific cause that means a few very specific things. I've had t-shirts that are older than the Confederacy. It's not "your heritage", it's about breaking up the United States and defending slavery, and they lost the war, after many americans died, which isn't usually exactly something to celebrate, unless the whole point of those showing their symbols is to say that they wish they had won and broken up the US and kept slavery. Pretending otherwise is like pretending that the Third Reich was about national pride and try to sweep under the rug the racism and aggression and genocide. I'm sure a bunch of people never thought about those things while showing the symbols, but that doesn't make it otherwise, just like my parents have used some racist and anti-semitic expressions that they didn't realize were so (or didn't think were big deals) because they were just repeating stuff they had heard as kids and never thought about it much... If it was a southern thing, why don’t all the blacks and latinos down south feel like it’s their heritage, and it’s 99.99% whites?

https://thehill.com/homenews/coronavirus-report/503049-fauci-says-he-hasnt-talked-with-trump-in-two-weeks

Well, I'm sure they all have timelines and targets, but the real answer is probably ¯\_(ツ)_/¯

https://stratechery.com/2020/apple-arm-and-intel/

New JV: https://www.businesswire.com/news/home/20200616005254/en/

Charts showing battery degradation over time: https://electrek.co/2020/06/12/tesla-data-battery-degradation-limited-mileage-packs-equal/