JT

[Alexandr Wang @alexandr_wang]

introducing muse wonder

our new frontier model. state-of-the-art at personal agents and professional agents.

our largest and most capable model yet—rivals the big bois

[Mark Zuckerberg @finkd]

Introducing Muse Wonder, our new family of frontier models with state of the art performance for personal and professional agentic work.

[Robotaxi @robotaxi]

One month after launch, we've scaled to 300+ Cybercabs serving Austin – an 8x increase in 30 days

[Lin @Speculator_io]

Meta now owns the entire AI stack.

1. Chips: MTIA
2. Infrastructure: Meta Compute
3. Foundation Models: Muse Spark
4. Applications: Muse & Meta AI

Every layer matters.

The more layers you own, the bigger your advantage.

[JT @ShieldJT]

@MattPRD @Muse Aus pls

[Daniel Roberts @danroberts0101]

Goldman's CommTech conference, San Francisco. 48 hours of @IREN_Ltd investor meetings, and the mood has shifted meaningfully.

Key takeaways:

[Sawyer Merritt @SawyerMerritt]

Tesla has just shared the 4K version of the Cybercab's unboxed manufacturing process from last week's launch event.

The line is designed so that one Cybercab can roll off the production line every 10 seconds, with a long term goal of ~5 seconds.

[Mark Zuckerberg @finkd]

Introducing Muse, the personal agent that understands your goals and works 24/7 to get things done for you.

[Pierre Ferragu @p_ferragu]

Elon, Tesla team: you are the GOATs. Over a decade of relentless work, and yesterday I got to experience the result. Genuinely moved. Congratulations, and thank you for bringing us the future. 👊

[Sawyer Merritt @SawyerMerritt]

JPMorgan after meeting with Tesla recently in Fremont:

"Tesla indicated it is intentionally holding back on adding Model Y units to the robotaxi fleet, expressing confidence in its ability to scale Cybercab in the near-term. On FSD V15, Tesla views this release as a step-change in performance, comparable to the leap from V13 to V14. The V15 upgrade encompasses seven core technologies, with ~40% of those currently being tested in the robotaxi fleet, where initial feedback has been encouraging.

Tesla continues to focus on minimizing regression in core driving functions as it introduces new functionalities to the system, and FSD V15 is seen as the primary gateway to scaling unsupervised FSD. While the current AI/HW4 stack is capable of running V15 and supporting unsupervised FSD, Tesla’s AI4.5 compute system is designed to future-proof against rising compute (~10% higher FLOPS) and memory (~2x higher) demands as robotaxi models scale and context windows expand.

Management also reiterated that the Cybercab is just the initial form factor, with additional vehicle types expected to follow as the platform evolves (citing the obovan demo from the 10/10 event as an example).

Optimus is on track for SoP in the coming months with commercial sales expected as early as 2H27. The Gen 3 unveil will be timed closer to SoP to protect competitive advantage, while the scope of Gen 4 (in terms of capability, cost, and scalability) will be informed by Gen 3 field experience."

JPMorgan toured Tesla's Fremont factory and met with the IR team, and maintained its $TSLA price target of $475.

[JT @ShieldJT]

$TSLA
$META
$AMZN
$HIMS
$IREN

[andrewdudum @AndrewDudum]

This morning, we rang the Opening Bell at the @NYSE to celebrate 5 years of being listed. But we’re also marking our next phase of growth.

When we made the decision to take the company public, it was an intentional choice to put the company in a high-stakes arena that requires us to be excellent at both delivering on quarterly targets and meeting a long-term vision.

We also knew that some of the world’s most influential companies, like Amazon and Google, made the same choice soon after their founding because they knew they didn’t just have a valuable business. They had a vision to change an entire industry.

For us, that’s truer today than it was in January 2021 (and we’re still in the early innings).

A huge thanks to the entire Hims & Hers team, who made this moment possible and who will be the reason we change what healthcare looks and feels like around the world.

[NVIDIA AI Infrastructure @NVIDIAAIInfra]

Congratulations to @IREN_Ltd on achieving NVIDIA Exemplar Cloud status for its NVIDIA GB300 NVL72 deployment.

This validation reflects close engineering collaboration and gives enterprises confidence that demanding AI workloads can perform reliably at scale on IREN’s AI Cloud.

Learn more ⤵️

[IREN @IREN_Ltd]

Horizon 1: delivered.

IREN has delivered Horizon 1 to Microsoft and achieved NVIDIA Exemplar Cloud status on NVIDIA GB300 NVL72.

Read more: https://t.co/ItVXSXK1V7

[Dillon Loomis @DillonLoomis]

This is Tesla's Chat GPT moment I alluded to the other day. It won't be all at once. It won't materially change the financials overnight. But all of us know that once you use FSD, there is no going back. Just like the SpaceX execs were talking about sticky and durable enterprise revenue last night, Tesla's FSD subscriptions will be similar. It's 100% going to be a demand driver as awareness spreads, it naturally becomes the talk of get togethers and it becomes social media content so people can show their friends + network. The foundation Tesla is building is unmatched and this wave of adoption + SIGNIFICANTLY increased attach rates are before the Unsupervised lever has been pulled. And with each new Tesla purchase and FSD subscription the roads get a little bit safer. And contrary to popular belief, other companies will struggle to offer anything remotely close for at least another few years. And when they do, their march to Unsupervised will be far longer. I will keep saying it - Tesla's time is coming $TSLA

[Michel de Guilhermier @mitchdeg]

Tous les jours, Tesla crée un peu plus de valeur :

- un peu plus de robotaxis sur la route
- parcourant un peu plus de kilomètres en full autonomie
- de plus en plus de conducteurs qui prennent l'option FSD
- de plus en plus de kms parcourus en FSD
- de plus en plus de pays qui autorisent le FSD
- Le révolutionnaire Optimus qui continue discrètement son développement, avec son usine qui se construit progressivement.
- De plus en plus de stations de recharge, amenant de plus en plus de revenus récurrents.
- De plus en plus de megapacks installés
etc.

Et, à côté, le cours de $TSLA qui s'enfonce.

Et bien c'est parfait ça non, une entreprise de plus en plus belle avec un prix d'achat de plus en plus bas !?

[Rose Celine Investments 🌹 @realroseceline]

Thoughts on $TSLA

$TSLA is clearly no longer just a car company and this report makes that obvious. Musk is basically walking on water right now. The fact that he’s building autos, energy, AI, robotics, and a Robotaxi network all at once while still producing serious free cash flow is something you almost never see in business. And yeah, people are going to point to the PE and say it’s expensive, but that completely misses what’s actually going on here. Quite frankly, that argument is moronic and shows a lack of understanding of what’s being built.

Most companies struggle to do one thing well. $TSLA is trying to solve manufacturing, energy, autonomy, AI infrastructure, robotics, and fleet economics all at once. And somehow it’s still generating billions in free cash flow. That’s not normal, it’s not even comparable.

They’re scaling the core auto business, building energy, and at the same time pouring capital into AI and autonomy. This is an entirely different economic model. The bet is simple, give up near term margins to build something that looks more like software later.

Revenue was $22b, up 16%. That came from more deliveries, services up 42%, better pricing, and more FSD revenue. But not all of it was perfect. Energy was down and regulatory credits fell, so the growth was still good, but mixed.

Profitability improved, but let’s not pretend this looks like a software company yet. Operating income was about $900m with a 4.2% margin and $500m in net income. Margins are moving up, but they’re still low relative to what this business could become.

The reason is obvious. They’re spending heavily on AI, R&D, and infrastructure, and SBC is still elevated. That’s their strategy, and they’re deliberately compressing margins today to build something much bigger over time.

Cash flow is what matters most because they generated roughly $4b in operating cash flow and $1.4b in free cash flow. That’s very impressive, but they’re also spending $2.5b on capex and invested $2b into SpaceX. This is still a capital heavy business today, even if the long term goal is to become asset light.

The balance sheet is what makes all of this possible. Around $45b in cash and a massive asset base. That gives them time, and time is everything when you’re trying to build something this ambitious.

Every dollar $TSLA generates isn’t being returned, it’s being redeployed into AI compute, factories, and vertical integration. This isn’t a company optimizing earnings, it’s a company allocating capital into optionality. The question isn’t margins today, it’s what those dollars earn over the next decade.

This quarter, operations were a bit more mixed. Deliveries were 358k, up 6%, while production was 408k, up 13%. Inventory moved up to 27 days. That’s not alarming, but it tells you demand isn’t running away from them anymore. They are no longer supply constrained.

FSD is my favorite part of the report. Subscriptions hit 1.28m, up 51%. That’s a huge deal because it is an early signal of the shift from selling a car once to monetizing it over time. If that works, the entire model changes drastically.

At 1.28m subscribers, even modest pricing starts to matter big time. At $100 a month, that’s roughly $1.5b a year. Scale that across tens of millions of vehicles and the numbers start to get enormous. This is how a car company slowly becomes a software company.

Energy had a weak quarter with storage down 15%, but I wouldn’t overreact. This business is lumpy and new capacity is coming online. Longer term, it’s still a meaningful growth driver.

Meanwhile, the infrastructure keeps getting stronger. The Supercharger network is growing close to 20% with over 8,400 stations and roughly 80,000 connectors. People don’t talk about this enough, but it’s a huge advantage.

1/2 👇

[Sawyer Merritt @SawyerMerritt]

Tesla has just officially launched Unsupervised Robotaxi rides in Dallas & Houston!

The expansion has officially begun! Let’s gooooo

[Tesla Optimus @Tesla_Optimus]

Optimus will be the biggest product ever made.

A general-purpose humanoid robot that can do useful work at scale will change the economics of labor & manufacturing.

Goal is to get Optimus to high-volume production as fast as possible.

If you’re great at AI, engineering, or manufacturing & want to build this, join us!

→ https://t.co/s3YW8Z6tZO

[SpaceX @SpaceX]

Announcing TERAFAB: the next step towards becoming a galactic civilization https://t.co/xTA70LOU0e