Markets

ATH everything.

1 Year: S&P500 up 31% and Tech 47-60%.

5 Year: 75% - 140%

Gamestop

Ryan Cohen ½ cash ½ stock. Its on the website. We’ll see what happens!!

Google

Profit jumps 80% Stock up 163% YoY.

Liv GolfThe Start up is in trouble.

Apple

Tim Cook Stepping down as Apple CEO

Tesla

High was $490 at $428. 15% to get back to all time high.

Catalysts:

Self Driving and Robotaxi.
- I never drive my Model Y. Looking to get a more rugged look.
- Here’s Cathie Wood.
- Problem with Waymo is they’re not vertically integrated; they don’t build the cars!!!
  - They also have 1 million sensors
- Robotaxihttps://robotaxitracker.com/?provider=tesla&area=austin
- Tesla website now tracking miles
Semi. 370 Semi’s committed to WattEV in Northern CA. $100m deal. 50 delivered by year end and the rest in 2027.

Strategic Partnerships: Cursor represents SpaceX/xAI’s aggressive push into the high-margin AI developer tools and agentic coding market.

Intel brings chip manufacturing muscle to Musk’s ecosystem through the Terafab project.

Anthropic (via the fresh Colossus 1 lease) illustrates pragmatic deal-making in the AI compute

Starlink: 10 million satellites.
Satellites use laser inter-satellite links to relay data across the network to ground gateways connected to the terrestrial internet backbone.

Tesla Earnings

Call here.
- Discussing new fab building here.
Investor Deck here.

AI

OpenAI

Musk vs Altman

Elon on X explaining

Elon tesitfying

Anthropic

California Billionaire Tax

1. The Threshold Drop (From $1 Billion to $50 Million)

2. "One-Time" vs. "Annual" and the Power to Change
Exit tax. versions include "wealth tax resident" language that applies the tax to people for up to 4 years after they leave California, preventing people from dodging the tax by moving away once it passes.