Jeremy Hunter

Cycled to Copenhagen to inspire action on climate change, now about to undertake greater challenge of being house daddy to our first born - due in september.

[courtneybonneauimages @cbonneauimages]

The level of complicity of the @BBC in the ethnic cleansing of southern Lebanon is shocking. I am listening to their Jerusalem correspondent report that the ‘IDF are striking Hezbollah targets’ while I’m on the ground in the middle of it watching men, women and children being killed on a daily basis. My colleagues are being executed. Paramedics are being systematically murdered. All of this is happening in plain sight and the BBC correspondent here in Lebanon knows it.

May you all be put on trial for your deadly propaganda when the time comes. Shame on all of you, especially those on the ground who are too cowardly to speak out.

[Jeremy Hunter @cycleofstupid]

@DeborahPitman @networkrail @AmcoGiffen_ @HighPeakBC @WriterHannahBT @DeborahMeaden @GreenJennyJones @Jon4HighPeak @guardian @Telegraph @ProtectTheWild_ @BBCBreaking 🙌🙏🤞❤️

[George Noble @gnoble79]

Last night was the biggest disaster in the history of Tesla.

Let me walk you through what actually happened on that earnings call, because the headlines are doing you a disservice:

Elon Musk got on the call and admitted (his words) that Hardware 3 "simply does not have the capability to achieve unsupervised FSD."

He said he wished it were otherwise. He said the memory bandwidth is one-eighth of what Hardware 4 has. And that's the end of the conversation.

Approximately 4 million Tesla vehicles on the road right now have Hardware 3. Many of those owners paid $8,000 to $15,000 for Full Self-Driving capability based on Musk's repeated promises (going back to 2016) that the hardware was sufficient for full autonomy. As recently as 2022, Musk was publicly assuring owners that HW3 had the processing power to get it done.

BUT IT DIDN'T

Those promises are now officially broken.

The solution is a "discounted trade-in" toward a new car with Hardware 4.

Not a refund or a free upgrade...
A discount on buying ANOTHER Tesla.

Investor Ross Gerber said it too - all HW3 owners got screwed, and with roughly 285,000 FSD purchasers affected, the potential liability runs into the BILLIONS.

But that's not even the worst part.

Musk was asked if the current FSD v14.3 was ready for unsupervised deployment. He said yes. Then immediately walked it back and admitted Tesla has "major architectural improvements" in the pipeline that would significantly improve safety.

What he really means: the software isn't SAFE ENOUGH to deploy without a human watching. Full unsupervised FSD for consumer cars is pushed to Q4 2026. At the earliest... Maybe.

How many times has this deadline been pushed? I've lost count. And trust me, I've seen a lot of broken promises. But this one takes the cake.

Now let's talk about the numbers everyone is celebrating:

Tesla reported $22.4 billion in revenue and $0.41 in non-GAAP earnings. A "double beat." The stock popped 4% after hours. Victory, right?

WRONG

Dig into the actual filing:

The number one driver of operating income improvement wasn't cost reductions, wasn't volume growth, wasn't FSD revenue. It was - and Tesla listed this FIRST in their own shareholder letter - "one-time benefits related to warranty and tariffs."

They released warranty reserves. They booked tariff refund windfalls. They stretched supplier payments by 10 days. They took on billions in new debt. Then they presented everything through non-GAAP metrics that strip out over $1 billion in stock-based compensation.

GAAP net income was $477 million on $22.4 billion in revenue. That's a 2.1% net margin. On a $1.4 trillion market cap.

Let me put that in perspective:

3.75 billion shares outstanding. Annualize the Q1 GAAP profit and you get roughly $1.9 billion. That's a trailing P/E ratio north of 700. Use the adjusted number - strip out stock comp, which is a REAL cost to shareholders through dilution - and you're still at around 250x earnings.

All of this is extremely bad, but I didn't even talk about the CAPEX BOMB yet...

3 months ago, Tesla guided to "over $20 billion" in 2026 capital expenditure. Last night they raised it to over $25 billion. A $5 billion increase in a single quarter. That's 3x their historical annual capex run rate - $8.5 billion in 2025, $11.3 billion in 2024. The CFO confirmed on the call that Tesla expects NEGATIVE free cash flow for the rest of the year.

So you have a company generating roughly $6 billion in annual free cash flow on a good year, and they're about to spend $25 billion.

The math doesn't work.

They will almost certainly need to issue equity. Which means dilution. Which means the $1.9 billion in annual earnings gets spread across even MORE shares.

The core auto business is literally deteriorating in real time:

Tesla delivered 358,000 vehicles in Q1 (missed estimates again).

They produced 408,000. That's 50,000 cars sitting on lots that nobody bought.

Inventory days jumped from 10 to 27 in just a few quarters. California (their most important US market) saw registrations crash 24% year over year.

Their market share in the state fell from 9.2% to 7.7%. That's on top of a Q1 2025 that was ALREADY weak from Model Y retooling. They're declining off a decline.

And here's what really kills the bull case...

The entire valuation rests on robotaxis, Optimus robots, and autonomy. So let's put numbers on it:

Waymo - the actual leader in autonomous driving with 15 million completed rides in 2025 alone, over 127 million autonomous miles driven, operating commercially across 6 US cities with plans to expand to 20 more - just raised $16 billion at a $126 billion valuation.

That's the market's verdict on what the LEADING robotaxi company is worth. $126 billion.

And Waymo is YEARS ahead of Tesla in actual deployment.

Tesla has 3.75 billion shares outstanding. So even if you assign $126 billion in robotaxi value (giving Tesla full credit for matching Waymo despite being nowhere close) that's $33 a share. Add the auto business at generous auto-industry multiples, maybe $20 a share. Throw in energy storage and services, $10-15.

Sum of the parts gets you to roughly $65-70 a share if you're feeling generous. Maybe $50 if you're not.

The stock is $387.

So what exactly are you paying for?

You're paying for a STORY. You're paying for PROMISES that keep getting pushed back, technology that keeps falling short, and a business plan that requires spending $25 billion a year while the core product sells fewer units at declining margins in a market where California sales just fell 24% and the federal EV tax credit is gone.

I managed the number one mutual fund in America. I founded two billion-dollar hedge funds. I've been doing this since 1981.

And I am telling you:

Tesla at $387 is one of the most egregious mispricings I have seen in my entire career.

THE CRASH WILL BE EPIC

[Max Blumenthal @MaxBlumenthal]

Outside trial of Palestine Action activists, British citizens are forbidden from protesting or holding signs stating that juries have the right to acquit on conscience

Inside the trial, terms including ethnic cleansing and genocide are banned

Near-total state of legal exception

[Defend Our Juries @DefendOurJuries]

WATCH - Trudi Warner arrested, handcuffed, and carried for holding a placard with the law written on it outside Woolwich Crown Court.

“There’s a High Court Ruling about this law”

Trudi ought to know, because the case was “the Secretary General vs Trudi Warner”, and Trudi won.

[Jeremy Hunter @cycleofstupid]

🤗🤞💪

[Hillary Lin, MD @HillaryLinMD]

The most promising longevity drug isn't a peptide or metformin. It's the Shingles vaccine.

New data shows it slows biological aging and lowers systemic inflammation for 4+ years post-shot. We are seeing a 20% reduction in new dementia diagnoses and a 25% lower risk of stroke.

Stop waiting for a magic pill. One is already on the shelf.

[Zachary Foster @_ZachFoster]

Masses of people forced out of their homes marched to torture facilities because they committed the crime of being of being born Palestinian. What does this scene remind you of?

[Dr Nafeez Ahmed @NafeezAhmed]

EXCLUSIVE: In 2002, systems analyst @TadHomerDixon modelled how modern civilisation collapses. He chose an Iran war closing the Strait of Hormuz as his example. The mechanism? "synchronous failure." We are now living inside his model /1🧵@bylinetimes https://t.co/ZUl67DOIBO

[Ali Rida Sbeity @AliRida_SB]

In just one month, these Lebanese journalists were killed by Israeli strikes while doing their jobs. Their voices were silenced, but their work remains. 🕯️

[Jeremy Hunter @cycleofstupid]

@mhdksafa Hello 👋

[Robin Monotti @robinmonotti]

UK Jewish MP: "Israel acting like Nazis in Gaza"

"Israel was born out of Jewish Terrorism - Tzipi Livni's Father was a Terrorist"
Astonishing claims in the House of Parliament. SIR Gerald Kaufman, the veteran Labour MP, compared the actions of Israeli troops in Gaza to the Nazis who forced his family to flee Poland.

During a Commons debate on the fighting in Gaza, he urged the government to impose an arms embargo on Israel.

Sir Gerald, who was brought up as an orthodox Jew and Zionist, said: "My grandmother was ill in bed when the Nazis came to her home town a German soldier shot her dead in her bed.

"My grandmother did not die to provide cover for Israeli soldiers murdering Palestinian grandmothers in Gaza. The present Israeli government ruthlessly and cynically exploits the continuing guilt from gentiles over the slaughter of Jews in the Holocaust as justification for their murder of Palestinians."

He said the claim that many of the Palestinian victims were militants "was the reply of the Nazi" and added: "I suppose the Jews fighting for their lives in the Warsaw ghetto could have been dismissed as militants."

He accused the Israeli government of seeking "conquest" and added: "They are not simply war criminals, they are fools."

This was in 2009 when the truth could still be spoken in the UK Parliament

[🦬 Dr Red Bison, PhD @redbison.bsky ♀🏳️‍🌈🌻 @RedBison]

GF: As a physicist, this is truly terrifying. We don't even have a way to express what this immense, extreme heating means for us. We can quantify it, sure, but that's not the same as understanding. It's like the Pacific is a pot of water w/ burner on high & we can't turn it off.

[Frances 'Cassandra' Coppola @Frances_Coppola]

While the world is distracted by Iran, Israel is slowly killing two million people in Gaza, half of them children.

[Cenk Uygur @cenkuygur]

Israel is planning to steal $40 billion gas field in Lebanese waters. Sorry, I meant self-defense themselves into $40 billion. In order to do that, they’re going to destroy 70 villages, including three Christian ones. No one in our government cares. In fact, we’re funding this.

[Glenn Meder @GlennMeder]

🧵 THREAD

1/ Your daughter posts something online.

She is 19. In college. Trying to figure out what she believes. She shares a political opinion that an algorithm flags as problematic.

You do not see it happen. No one notifies you. No one tells her.

But 72 hours later, her bank account is frozen. Her student loans are suspended. Her digital ID shows a compliance violation.

And there is nothing you can do to protect her.

[Richard Burgon MP @RichardBurgon]

🚨BREAKING: 75 MPs now back my Parliamentary motion for widespread sanctions on Israel.

As well as genocide in Gaza and war crimes in Lebanon, Israel is deepening its occupation of the West Bank.

There's just a week left to back this sanctions call. Ask your MP to do so below.

[Massimo @Rainmaker1973]

Sweden is committing more than €100 million to a sweeping classroom overhaul: replacing tablets and screens with traditional printed textbooks to help reverse falling student performance and sharpen focus.

After more than a decade of embracing digital-first education, Swedish authorities are now pivoting back to paper-based learning. Official data and recent studies cited by the Ministry of Education show that prolonged screen use in class has been linked to shorter attention spans, weaker reading comprehension, and reduced critical-thinking abilities.

Research consistently finds that reading on illuminated screens requires greater mental effort and invites more distractions compared to the calm, linear experience of physical books—factors believed to have contributed to declining academic outcomes in recent years.

Under the new plan, every student will receive printed textbooks for all core subjects, restoring books as the central learning tool. Digital devices and online resources will remain available as supportive tools, but they will no longer dominate daily instruction.

This bold €100+ million investment signals Sweden’s leadership in rethinking the role of technology in education. It underscores a broader, growing recognition worldwide: while screens provide speed and access, the hands-on, distraction-free engagement of physical books supports deeper concentration, stronger memory retention, and more effective long-term learning.

By choosing paper over pixels, Sweden is charting a path toward a more balanced, evidence-informed classroom future—one that puts proven pedagogical principles ahead of unchecked digital trends.

[InfoGram @_InfoGram_]

🔴BREAKING : 🇺🇸During his presidency, Donald Trump made 55,654 false statements, averaging nearly 98 lies per day.

[Chris Hinchliff MP @CHinchliffMP]

I've written to the Health Secretary calling for the NHS to break with Palantir.

This isn't a normal company.

Palantir's close ties to the genocidal Israeli military should rule it out of any public contracts.

[Little Green Space 🦋 @LGSpace]

How many people out there are giving wildflowers a chance by leaving areas of their gardens uncut this year? Please RT if you are offering a lifeline to pollinators like bees, butterflies, moths, hoverflies and bats by mowing less!