Hoth

No, those credits are just for auto. Their solar installation is negligible these days anyway. Down probably 80% compared to when they acquired Solar City five years ago.

TSLA recognized $518 million of regulatory credits this quarter somehow lol. Okay. Ex that and non-recurring items like day trading bitcoin profits, TSLA lost a couple hundred million again. $800 billion market cap car company that makes less real money than a lemonade stand.

I figured there must be a few cultured folks in here lol

The stuff will really hit the fan when it becomes widely known that Tesla's autopilot is designed to disengage fractions of a second before a crash so Tesla can claim the driver was in control. Or when it comes out that Tesla is not actually collecting a gigantic amount of data from each car for their "neural net". Or maybe when a car on autopilot runs down a bunch of bicyclists or something. I dunno, feels like regulators are starting to wake up. NHTSA is taking more heat from NTSB and Congress for its blatant disregard for Tesla safety concerns in recent years; China is losing patience with Tesla over all the sudden unintended acceleration, battery fire, broken suspension and autopilot issues. Frankly I'm more interested in how they've been realizing a good $400 million a quarter in EV credits like clockwork. I don't get where this money is suddenly coming from. Until this past year, when most other manufacturers weren't producing EVs but had to have credits, Tesla was recognizing $100-$200 million every few quarters, usually when they needed to dress up a bad income statement. Suddenly, when manufacturers are selling thousands of EVs and don't need to buy nearly as many credits from Tesla, they recognize a lot more revenue from that source? How does that work? Is that number even real? Is it the new accounts receivable inflation to mask how shitty their business actually is?

May you find your Castle Anthrax.

The man just wants to make sweet sweet music with his Christine.

My goal is to be dangerous well into my nineties.

Are you doing your part?

Only trading at 1,200x earnings. It's a bargain!

But the Fed sees no inflation (eyes roll).

Pouring.

Correct. Marlowe American Pale Ale.

Happy Friday dudes.

New England saves the day?

Thanks Mr. Spock.

The market is nuts. Historical valuation extremes, record margin debt, huge inflationary moves in commodities, ridiculous year over year price appreciation in real estate. More and eyebrow raising things coming to light every day. See the $100 million deli in Jersey, or the guy who made a crypto coin called SCAM the other day that immediately became worth $70 million. This sort of speculative excess rarely fizzles without a bang. No idea what the catalyst would be, or if there even needs to be one at this point, but even an '87 style crash wouldn't surprise me at this point. Paper thin liquidity and massive margin debt and record long positioning could be quite spectacular in reverse.

I like my sugar with coffee and cream.

Jan '04 for me. Curious to find out whether that means a nasty reaction to Moderna round 2 in a few weeks. We'll see.

Yale doing the same for students. Waiting on a decision for faculty, staff and outside contractors.

Decent thunder, a few good flashes, torrential downpours and a few light gusts. About what one could hope for in April. Tors can wait.

Bright sunshine. We destabilize, we tor.

Nice mammatus with this departing storm. Torrential rain and a few lightning strikes on Stein's grave.