Original Origin

Common sense is making a comeback. Go Trump and Elon.

[Original Origin @Madnes_Is]

@SamaHoole Just so you know, your wording often gets me laughing out loud.

[Sith Daddy @sithdaddyx]

Enjoy the full version, boys https://t.co/hLLZRNWP9x

[Hillbilly @JamesHu27192912]

New Press Secretary Beth Dutton welcomes the press to her first briefing…

[Original Origin @Madnes_Is]

@TeslaBoomerMama What are the voting rights?

[Torkild Johansen @TorkildJohansen]

The Legal & Financial Reality of TeraFab AI, LLC – What It Means for $TSLA Shareholders, and why a merger is the only way forward.

While the public narrative frames TeraFab as a joint Tesla-SpaceX megaproject, official Texas state filings, land deeds, and SEC disclosures reveal a starkly different legal and operational structure.

Here is what $TSLA investors need to know about who actually owns, controls, and finances the project:

1. Who Owns TeraFab AI, LLC? (The Legal Reality)
* Formally SpaceX-Controlled: TeraFab AI, LLC is a Special-Purpose Entity (SPE) 100% owned by SpaceX ($SPCX).
* State Filings: In official Texas JETI tax applications and Grimes County agreements, SpaceX is listed as the sole Parent Company.
* Land & Incentives: Land purchases (>6,000 acres via WIT TECH LLC), the $30M Texas Enterprise Fund grant, and local tax abatements belong exclusively to SpaceX's subsidiary.
* Tesla’s Legal Status: Tesla holds zero equity in TeraFab AI, LLC. Tesla’s formal connection is currently limited to an unbinding "general framework" agreement.

2. Division of Labor & The CapEx Catch
* Tesla ($TSLA): Absorbs early-stage R&D costs at Giga Texas North Campus (Austin), funding process integration, mask-set revisions, and chip design for Optimus, Cybercab, and FSD.
* SpaceX ($SPCX): will Own and control the 100M sq. ft. full-scale manufacturing complex in Grimes County via TeraFab AI, LLC.
* Intel: Strategic technology partner (supplying 14A process technology) with zero equity.

The Financial Asymmetry: Tesla pays for early R&D and mask iterations in Austin, but the resulting physical real estate, tax subsidies, and massive manufacturing infrastructure in Grimes County will sit entirely on SpaceX’s balance sheet.

3. Corporate Governance & SEC Item Risks.
Because both Tesla ($TSLA) and SpaceX ($SPCX) are public companies sharing the same CEO (Elon Musk), any resource sharing triggers strict SEC Regulation related-party scrutiny:
* No Binding Off-Take Agreement: According to SpaceX disclosures, there is no finalized Joint Venture, no binding IP-sharing contract, and no guaranteed chip allocation for Tesla.

* Priority Conflicts: When chip supply is constrained, who gets priority? SpaceX for orbital compute/Starlink, or Tesla for Optimus/Cybercab? Without a binding agreement, this creates a major fiduciary conflict for both boards.

🔑 The Core Takeaway for $TSLA Shareholders
Without a full merger between TSLA and SPCX – or a final, independently approved Joint Venture agreement granting Tesla a direct equity stake in TeraFab AI, LLC – Tesla shareholders remain in the disadvantageous position of being a co-funding development partner without ownership of the world’s largest chip fab.

4. Why a TSLA + SPCX Merger is the Logical Endgame
This structural asymmetry makes a full merger or stock-for-stock combination between Tesla and SpaceX the cleanest legal and operational outcome:

* Eliminates Related-Party Conflicts: Resolves all governance, IP transfer, and fiduciary liability issues between TSLA and SPCX shareholders.

* Unifies 1+ Terawatt Compute Demand: Combines the massive AI chip requirements of Optimus, FSD, Starlink, and SpaceXAI onto a single mega-cap balance sheet capable of supporting $100B+ in long-term CapEx.

Until a merger or formal equity-sharing JV is finalized, Tesla investors bear the high-risk development burden without holding title to the crown jewel asset.

[Original Origin @Madnes_Is]

@markkaplan20 👍

[Original Origin @Madnes_Is]

@markkaplan20 What's the main differences between a ketogenic diet and a low-carbohydrate diet?

[Original Origin @Madnes_Is]

😂😂😂

[newzy.com @realnewzy]

The real reason Odysseus took 10 years to get home

[Mor Edge Insight @MorEdge_Insight]

This AI Ryanair parody is one of the best things you’ll see today… because it’s so close to reality 🤣

Honestly, I can’t stop laughing 😆

Credit to British Brainrot

[Original Origin @Madnes_Is]

@markkaplan20 Hi Mark. In the one post you state that 38 million Americans are taking statins, then in another post you state 92 million. Which is correct?

[Original Origin @Madnes_Is]

@markkaplan20 👍 Appreciate your posts. Difficult for the layman to sort the wheat from the chaff.