What is the impetus for change?

The things you listed are nice but not game changing for most people.

It gets better as you go along.

Orville?

Restrictions and boundaries spur innovation.

Another Tesla innovation, fraud.

I heard the next model, the Tesla SS, with innovative features like doing Nazi salutes out the windows to indicate is going to be a huge hit.

Really? That’s disappointing.

I was hoping for more credible people to be pointing out the wank that is generative AI.

How you pronounce “Elon”:

N-A-Z-I

Who is this programmer?

I love that people think he is a genius.

He blew ~$40 billion on a shitty VR project that nobody uses.

Also noshitsherlock.com

His books are so shit and totally miss the point of Frank Herbert’s books.

You can do both.

I have Cloudflare pointing to my reverse proxy which the points to a website and other subdomains.

Had to hunt through a bunch of forums to work out how to get it to work.

It’s terrible for the stock price which has a price to earnings ratio of almost 200.

If this were a normal company with a profit margin of ~6% and a normal stock price (in line with the market average), it would be fine.

The issue is the price to earnings ratio of the Tesla stock which is almost 200:1.

The level of profit is not bad for a normally price company but Telsa needs to have profits grow exponentially to justify their stock price.

The root problem they are trying to fix is real (systemic trade imbalances) but the way they are trying to fix it is terrible and won’t work.

1. Only a universally applied tariff would work in theory but would require other countries not to retaliate (there will 100% be retaliation).

2. It doesn’t really solve the root cause, capital inflows into the USA rather than purchasing US goods and services.

3. Trump wants to maintain being the reserve currency which is a big part of the problem (the strength of currency may not align with domestic conditions, i.e. high when it needs to be low).

😂

Perhaps the stocks were massively overvalued and any negative news was going to start this sell off regardless of its actual impact?

That is my theory anyway.

It is also because the USA is the reserve currency of the world with open capital markets.

Savers of the world (including countries like Germany and China who have excess savings due to constrained consumer demand) dump their savings into US assets such as stocks.

This leads to asset bubbles and an uncompetitively high US dollar.