RECAP: RESETTING CIVILIZATION?

🚨 AI is the biggest shock to Earth since the asteroid 🌍💥

Today’s Nuggets

• AI - Biggest Thing to Hit Earth Since the Asteroid.

• '‘Shorts to Get Obliterated”

• Tesla Deliveries 8.5M Vehicles

• NVIDIA’s Grip on AI’s Direction is Incredible’

• AI’s Undeniable Impact on Jobs

• Data Centers Gobbling Up Power, Tesla’s Energy Storage Record Quarter

• Palmer Looking to Make War Rare

• Arc Spacecraft “on-demand” Global Delivery

• Apple Fails Again - Going After Meta’s Lunch

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It is Thursday, and it is AI Impact.

This is something even bigger than crypto, and is about what I believe is the biggest shock to the Earth. It is probably the biggest thing since the asteroid, which is wild.

I will be covering robots, energy, space, defense, jobs, markets, and geopolitics. We will discuss how we need to position ourselves for the future, as the world will never be the same.

I am not one for exaggeration, but it is wild what is coming.

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There is now an AI impact playlist. If you want to know what is coming, then follow it. I will share about 40 nuggets today, covering everything that is coming fast.

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First, let us get the elephant in the room out of the way.

It was indeed a major beat.

Tesla beat every analyst’s expectations.

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However, Elon did warn us that shorts would be obliterated.

Many shares were held short, as there were approximately 86 million shares short as of September 1st, and Tesla has increased by 40% since then. Elon said on the 2nd of July, once Tesla fully solves autonomy and has optimists in volume production, anyone holding a short position will be obliterated.

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Let us look at the charts since that time frame.

You can see here that Tesla is up 50% since that tweet, as it has been on a bit of a rampage. However, let us get into the earnings because we did have a little bit of a sell-the-news event today, which was expected. This is why yesterday we hedged, and we said it will probably be a sell-the-news event, and it was.

The good news is that Tesla did clear out its inventory. There are literally no cars to get to do a test drive in. If you go to a Tesla dealership and say, I want a test drive or whatever, they probably do not have any because they sold everything in Q3.

You can see here that the inventory and green are essentially gone. Deliveries were record deliveries. While production was not a new record, they cleared everything out because they had some left over from the previous quarter.

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I know much of this has to do with the tax credit, but I made a detailed post about my views on the tax credit and how this is actually beneficial to Tesla.

Because it hurts all the other makers way more than Tesla. Tesla makes a profit on EVs, and they have the best-selling EV and car on the planet, which is the Model Y. The other companies do not have that, and they lose.

The way the competition loses less money is that they are making fewer EVs. Thus, there is