50th Birthday in Portland

Sentinel Hotel

Will you stop beating your wife?

529 College Saving Plans.

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.

Tim Cook Stepping down as Apple CEO

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.

OpenAI

Musk vs Altman

Elon on X explaining

Elon tesitfying

Anthropic

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.

Golf

Shot a 100!!

Masters

Cameron on Church and Family

• STAY IN the MaRKET
• VGT 59%, QQQ 48% and VOO 35%

Let’s hear from Ted on Reed

• Lawsuit coming. How did they convert a non-profit to a For-Profit?

EV sales in the US Qg1 2026

Tesla's total across all its models (Model Y, Model 3, Cybertruck, Model X, and Model S) is 117,300 vehicles.

This represents 55.43% of the overall total of 211,609 vehicles in the list.

Tesla dominated this dataset, accounting for more than half of all the EVs combined.

Lidar

Elon on Lidar

Semi
Play at 4:28. Discussion of moving vertically as it hangs from the ceiling moving the Body of the Semi around. ‘

• Would love to see Peterbuilt and Freightliner execs watching this video.
• STd range 325
• Long rane 500
• Building supercharge network only for trucks!

FSD Europe

Tesla official X announcement.

FSD Supervised has been approved in the Netherlands & will begin rolling out in the country shortly!

• Good video here.
• 10,000+ satellites.
• 9m paid Starlink subscribers
• Starlink was $10-12b in 2025. Revenue total $15-16b.

267m in Fraud. 5 arrested. 21 charged.

Opening

DNS Security

https://x.com/Geiger_Capital/status/2038729125653819515

Last moon landing. Before I was born. The last crewed moon landing was Apollo 17, which touched down on the Moon on December 11, 1972

Passwords and ID protection

Etrade

Kroll ID Protection

Experian

Trump Comedy: Why don’t you Tell us about the Attack. Well you didn’t tell us about Pearl Harbor!!

Caddie and pro golfer conversations are interesting. Akshay Batia.

Markets:

• Healthy Correction. Remember: S&P500 6% off, was 9%
• S&P500: 25% and 18% in 2024 and 2025!

3 years ago: Up 66%!!!!!!

IGV

iShares Expanded Tech-Software Sector ETF (IGV)

Tesla and LEAP options

Netflix
Netflix for my beloved: down 26%. PE is still 40!!!!!!

CyberCab

• Manufacturing begins in April 2026

Model Y The "best-selling car in the world" title for Model Y (2023–2025 per Tesla)

CyberTruck Tried to order a Dual-Motor all-wheel drive for $69,990. Est delivery is 2027!!!

Tesla Semi

Tesla Semi

Jay Leno YouTube Video

TeraFab Project

Tera implies a Terawatt of compute manufacture each year.

Terawatt ($10^{12}$ Watts) is one trillion watts

Global chip supply

Space is always sunny

SpaceX

Tesla and SpaceX Merger

Best write up so far. Alexxadra.

Terafab description from Tesla X.

Announcing TeraFab

• Orbital Data Centers
• Interesting insight on 1/1,000,000 probability guidance system of SpaceX satellites

Key takeaway: No new taxes without full transparency

Dr. Oz on shutting down Hospices in California.

• 220 shutdown in LA.
• 1800 hospices in CA = ⅓ of entire nation!!!?? 50% probably to be shut down.

ONE BUILDING supposedly houses 197 separate hospice and healthcare companies

Fair Question. Why not help Nick?

David Spade. The TRAIN. Even mainstream comedians are making fun of Gavin’

Cameron Young tied on 18. Longest drive on 18. 365. Full pause. Birdy on 17, the hardest hole.

CAl FTB: Sucks

Facts of life: Your Thoughts define you

Miami

• Beautiful and no state tax. Everyone moving there.
• Mansions and yachts, but lots of normal people too.
• Ken Griffin. Meta CEO Mark Zuckerberg and Priscilla Chan have purchased a $170 million, 30,000-square-foot mansion on Miami’s

Long over-due correction.

AI Fear

• I've listened to a few podcasts featuring Marc Benioff in the last year. He is 100% all-in on AI.
• The idea that SAAS will be completed disrupted by AI is over-hyped. Jensen Huang put it well: AI will not invent a new hammer or screwdriver; they'll just use what exists. Analogy is to SaaS companies in general.
• Large Corporations (think Fortune 1000) are not goint to ditch big SaaS companies, like ERP (Workday, Oracle, SAP), Security, CRM, Analytics, Microsoft Office, etc...

Long story, short: The AI replacement fear is over-hyped.

Netflix Loses Bidding War to Paramount!

Interview with Elon.

• Play at 0.28. Stop 2.00.
  • Tesla has most advanced Real-world AI.
  • Starting scale production of CyberCab in April.
  • Tesla Semi coming this year

Merger

1. SpaceX acquired XaI
2. SpaceX will go public.
3. SpaceX will merge with Tesla.

Love this take from Travis on Autonomous driving.

XAi

XaI will be a financial behemoth

Andrej Karpathy on Elon’s management style

OpenAI

Anthropic Claude

NewYork City

Fareed Zakaria

CA Fraud

Nick Shirley Doing his Thing again in CA

Wealth Tax

https://x.com/stevenfiorillo/status/2033352518802026741

• According to IRS migration data, New York has lost $111 billion in net adjusted gross income over the last decade from residents moving to other states.

WSJ on Billionaires leaving.

• Google co-founder Larry Page recently made headlines by spending $188 million on three Miami mansions.

Washington State passes 9.9% tax on income over $1m.

• Howard Schultz leaving.
• Bezos already gone.

• Hims and Hers!
• Bill Gurley: Running down a Dream
• Michael Lewis: Lyar’s Poker.
• The Rip. Was ok.
• The Running Man. great airplane movie. Glen Powel

Bench Press: Pete Hegeseth. Secretary of War: 315.

Avalanche. 9 of 15 people that died in Tahoe avalanche hiking/skiing backcountry

Mikaela Shiffrin

• Gold in Slalom
• First Alpine skier to surpass 100 World Cup wins

Anthony Kim.

Started 5 shots back. 9 birdies final round!

Anthony Kim talking about family and God

Tiger on Anthony Kim

Like Kim Kardashian!

Secret Edge of the Rockstar skier per WSJ.

• I’d say Golfer too.

Markets 1% or so off ATH. Tech 5% or so whatever. The interesting story is.

SaaSpocalypse
iShares Expanded Tech-Software Sector ETF (IGV)

31% off high!!

Options trading

Workday:

• Duration 482 or 16 months. June 2027
• Trading at $140.
• Call is $36 or 26%. % is key. Indicates cost.
• Bid / Ask: So buy 100 at $36.00, costs you $3600.

IN summary. Workday goes up 26% to $176 you make money.

• To make “real Money” you buy $100k you get about 2700-2800 options.
• Workday doubles to $280.
• You make ($280- $140 - $36)*2700 = $280 - $300k.

XaI video on restructuring and next steps

• Viral Video from China showing many robots dancing and flipping. Thank goodness we have some American Companies doing similar.
• Its actually INSANELY impressive. Real?
• https://www.unitree.com/
• Dog is $1600

Figure in the US showing Robots doing real-world tasks.

$519 Per Second: The Real-Time Destruction

Rent control in Mass from WSJA group of housing advocates and labor unions want to stop landlords from raising rents by more than the state’s annual rate of inflation—but no higher than 5%—a year.

AI for Home:

• Using Gemini Gems:
  • Home electronics
  • Music studio

Chris Hemsworth on Theo Von

• Play at 17.40. Purity of life and questioning meaning and why?
• “Falling in love”. Not rising or winning, but falling, like a sacrifice and risk.

Apple Phone

SuperBowl. Bad Bunny

JETS:Two B-1B Lancer bombers. two F-15C Eagles, two F/A-18E Super Hornets, and two F-35C Lightning

Linday Vonn - Torn ACL.

VOO and Tech still near all-time highs.

Bitcoin down 45%.

Spotify up 15% today. Still 40% off high. 98B market cap.

• Acquired XAI
• Current valuation. $250 and $1t.

Elon on the Pivot to Moon as opposed to Mars now.

Great interview with

• 10000 Starship launches annually. Low rate compared to airplanes.

SpaceX and XaI merged. Presumably Elon has super voting control. Now SpaceXaI will acquire $TLSA at a premium (~30%). They're similarly valued at ~$1.5T each.

AND I think/hope Elon also offers an "allocation" of pre-IPO shares to Long-term Tesla shareholders (maybe > 3 years).

Ted Sarandos testimony.

• 80% of HBO subscribers are Netflix subscribers.
• YouTube is #1 viewing platform. Rights to Oscars, NFL, etc…
• Netflix is 9% of viewing and with Warner 10%? Wow!
• Chief Strategy Officer at Warner.

Senator Hawley is a terrible Senator!

• Play Union Commitment
• 53.28. Sexually inappropriate trans characters.
• What % of Netflix employees donate $’s to what party?
• 1.07.03 Why give Netflix the power to promote more woke shit!? Must Play.
  • Wokest content in the world. 🤣
• 1.29.06. Grumpy Old Men

Jensen Huang on Software and AI. AI will not replace software.

Hospice Cares in California

Play: https://x.com/WallStreetApes/status/2018099758943084657

• 18% of entire US Home Healthcare funding/billing is from LA county.
• 1 Dr. 1900 patients and billed $120m in one year!
• 287 Hospice providers in 2 mile radius. 2000 hospice agencies in LA county. Strip malls, unmarked buildings and vacant lots.

California Billionaire Tax

Larry, Sergei, Peter Thiel, countless others. Startup founders will leave.

With Zuck’s move to Florida, California’s total taxable wealth from billionaires has plummeted to well under $1T from over $2T just a few weeks ago.

Recommendations

• Beast within me.

Opening

Reformer Machine Workout at YogaSource in Los Gatos

Sonos nightmare. Gemini won

The Federal Reserve held its key interest steady in a range between 3.5% and 3.75% after a recent run of interest rate cuts.

1 Year: VGT/QQQ 23.3%. S&P 500 17%.

2025: 1 yr and 10 yr

QQQ: 20.8% and 19.4% annualized = $100k > 620

VOO 17.8% and 14.8% = $100k > 400

Apple revenue of $143.8 billion, up 16 percent from a year ago

Google's AI technology would provide the most capable Apple foundation models

Dictation sucks!

Microsoft Cloud revenue was $51.5 billion and increased 26%

Slowing Cloud Growth.

Meta

Up 10% or so?

From Zuck: Play at 3.22: https://www.youtube.com/live/1Tm7gX-WctI?si=i66btpKGlApbuyF5&t=202

Investor Deck

Ending production of S and X in Q1.

Earnings Call:

Elon on CyberCab: Play at 26.15.

Elon on TerraFab: Play here 45.40

Elon on Optimus: Play

• Merger.
• How it would work.
• Tesla Shareholder Allocation.
• Maintaining super voting rights.

Ilhan Omar

US Rep for Minnesota

Ilhan Omar went from a having a -$65,000 net worth in 2019 to $30,000,000 in 2026.

Financial Disclosures required for Congress Persons

2023 Disclosure: $15,000 - $50,000

2024: $1,000,000 - $5,000,000

EstCru LLC Winery

Ilhan Omar Winery. Husband is Tim Mynett

https://x.com/MarioNawfal/status/2016171843992912175

- The website disappeared

- Listings were deleted

- Archives wiped

Excited that Matt Mahan is going to run.

Reformer Machine Workout at YogaSource in Los Gatos.

Indiana. Fernando Mendoza is a truly special.

1 Year: VGT/QQQ 17%. S&P 500 17%.

2025: 1 yr and 10 yr

QQQ: 20.8% and 19.4% = $100k > 620

VOO 17.8% and 14.8% = $100k > 400

VXUS: 32% and 8.5%

Gold and Silver. Great year. 77% and 200%. That’s 3x.

IBIT and Etha: Down 14% and 10%.

Netflix

• Great earnings call.
• 17.6% YoY revenue growth, better than Q4 2024 of 16%.
• Warner Brothers Acquistion is huge overhang. It will help them:
  • IP. Harry Potter, DC Comics, Game of Thrones, Matrix, Sopranos, Succession, Lord of the Rings. Barbie
• HBO!

Lemonade

HIMS.

• Autonomous. Finally pulling the driver out in Austin.
• No longer able to buy FSD outright. Needs to be subscription
• Lemonade cutting premiums by 50% if you drive a Tesla with FSD. Important implications for all car insurers.

Humanoid Robots

• Yes Boston Dynamics and many others particularly in China are great, but…
• Manufacturing, Software, Hardware, ….

Will have more AI compute than all others combined in < 5years! From Elon

The Colossus 2 supercomputer for @Grok is now operational.

First Gigawatt training cluster in the world. Upgrades to 1.5GW in April.

I’m using Gemini and Grok. Perfect combo.

SpaceX will be ~99% of all Earth payload mass to orbit

• I think there will be an allocation to Tesla LT shareholders.
• Could be $1.5T, but could go to $10T.

Wealth Tax

• Wealth Tax. 1 time 5% on Billionairs.
  • No limitations on quantity or $ limit.
• Play Ben Horowitz on wealth tax.
• More taxes is not the answer. Eliminate Fraud, waste and abuse!
• Billionaires ~$8T, everyone else $170t.
• The two Google founders per Gemini represented 23 percent of the aggregate billionaire wealth in CA. Throw in Peter Thiel and well over 30 percent is gone

Video here. https://x.com/bennyjohnson/status/2014785916083020062

$23m

• $125k Rover seized
• Home in Greece
• Mansion in LA

Balance the Budget State Audit Report here

Budget Summary

.05% of Californian’s or ~8500 people making over $10m per year pay 25% of the personal income tax liability.

1% of Californian’s pay 49% of Personal Income Tax. $54 billion

• Uhaul Growth Index:

Companies moving out of California

• Rogan
  • Bradley Cooper
  • Ben Affleck and Matt Damon
  • Ethan Hawke
• Tim Ferris and Bill Gurley