The World Cup has turned America into a discovery channel for the rest of the world.
And they are not handling it well.
In the best possible way.
Here is what they are discovering:
Free public restrooms. Europeans pay every time.
Free water at every restaurant. Just appears.
Free refills. Coffee. Sodas. Iced tea. Unlimited.
Free chips and salsa before you even order.
Free warm bread with dinner.
Ice in drinks like civilized people.
Air conditioning everywhere. Not a moral debate. A fact.
Parking lots attached to the actual place you are going.
Drive throughs where the food comes to the car while you sit in it.
Ranch dressing by the gallon.
Tex-Mex that cannot be explained only experienced.
Dental care that actually works.
Buccee’s. There are no words for Buccee’s.
Then they found the grocery stores.
Five of them within one mile.
Each one the size of an aircraft hangar.
Burgers. Steaks. Brisket. Ribs. Pulled pork. Lamb. Veal. Every cut of every animal ever domesticated by human civilization available in one refrigerated aisle at ten in the morning on a Tuesday.
The Germans stood in the meat section for forty five minutes.
In silence.
Processing.
They finally understand why we do not have trains.
We have roads wide enough for the cars we actually drive.
Parking lots the size of small European countries.
Airports in every city worth visiting.
Why would we need trains.
The Germans are taking ranch home by the bottle.
The Dutch found queso and briefly lost the ability to speak.
The Japanese are photographing HEB like it is the Louvre.
The Czechs are weeping in West, Texas.
Welcome to America.
Everything is free, enormous, air conditioned, comes with chips, and has five grocery stores within a mile that will sell you any cut of any animal you have ever imagined.
Write that down. 🦋
> be Anthropic CEO
> leave OpenAI. can't trust the values.
> start Anthropic with your sister.
> build Claude. build Mythos.
> first testers: "this is a super weapon. don't release it."
> lose billions keeping it locked.
> Pentagon offers $200M. wants you to remove safety filters.
> you say no. they blacklist you. Trump calls you a lunatic.
> release Fable 5. Mythos-class. finally public.
> someone finds a jailbreak into the cybersecurity layer.
> US government: "suspend access for all foreign nationals."
> including your own employees.
> disable it. immediately.
> sit down for a 47-minute interview.
> tell them everything.
> 90% of code written by Claude.
> civilizational collapse: 10-25%.
> valuation: $965 billion.
> started because you couldn't trust someone's values.
> now governments decide what you can build.
> different game.
A Model Y driver started experiencing a medical emergency with chest pain mid-drive & called his son.
His son then remotely rerouted the car – which had FSD Supervised enabled – to the nearest hospital & let them know the vehicle was en route. ER staff were standing by on arrival.
Doctors later confirmed the quick reroute likely saved his life.
Tesla and SpaceX over the next few months:
• June 18: CRSP index inclusion for SpaceX. Triggers an estimated $4-7B in forced buying by passive funds.
• June 18: FTSE Russell index inclusion for SpaceX. Triggers an estimated $6-9B in forced buying by passive funds.
• June 26: MSCI index inclusion for SpaceX. Triggers an estimated $3-5B in forced buying by passive funds.
• End of June: HW3 Tesla owners get FSD V14 Light. Expect possible delays.
• July 2: Tesla Q2 vehicle and energy storage delivery report.
• July 6: NASDAQ 100 index inclusion for SpaceX. Triggers an estimated $8-12B in forced buying by passive funds.
• Late July: Tesla Q2 earnings call.
• Early-mid August: SpaceX Q2 earnings call, their first earnings call as a public company.
• 2 trading days after SpaceX's Q2 earnings released: 30% of eligible insider shares unlock (equates to 12% of all outstanding shares).
NOTE: Since only about 40% of all outstanding shares are eligible for early release lockups, that 30% above equates to 12% of all outstanding shares. Elon's shares, board member shares, and some others, are subject to an extended lockup of 366 days. Together, the shares subject to these extended lockup restrictions represent 60% of SpaceX's outstanding shares.
• August 21: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares).
• September 10: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares).
• September 25: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares).
• September: Indexes rebalance. SpaceX will then have a higher weighting in those indexes due to an increase in the public float from insider shares being unlocked. Passive funds would likely need to purchase billions of dollars worth of additional shares to bring their holdings in line with the new index weight.
• October 2: Tesla Q3 vehicle and energy storage delivery report.
• October 12: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares).
• October 26: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares).
• Late October: Tesla Q3 earnings call.
• Early-mid November: SpaceX Q3 earnings call.
• 2 trading days after SpaceX's Q3 earnings released: 28% of eligible insider shares unlock (equates to 11.2% of all outstanding shares).
• December 9: 7% of eligible insider shares unlock (equates to 2.8% of all outstanding shares).
• December: Indexes rebalance again. SpaceX will then have an even higher weighting in those indexes due to an increase in the public float from insider shares being unlocked. Passive funds would likely need to purchase billions of dollars worth of additional shares to bring their holdings in line with the new index weight.
(The Cursor acquisition will likely affect these lockup percentages slightly)
🚨 MIDNIGHT TAX INCREASES!
In the dead of night, California legislators passed massive new taxes on insurance, digital software, and employee payroll taxes.
Don’t let anyone fool you this isn’t the federal government’s fault. The math isn’t mathing.
California just passed a $355 billion record budget with record revenue. Yet my colleagues still blame the President.
For context: The state budget was around $170 billion just 10 years ago. Now it’s more than doubled and life in California doesn’t feel any easier.
Sacramento has an insatiable appetite for your hard-earned money. If you’re not paying attention, they will keep taking more.
BREAKING: SpaceX is acquiring Cursor in a $60 billion all-stock deal.
• Cursor is being valued at $60 billion
• Cursor will become a wholly owned SpaceX subsidiary
• Cursor shareholders will receive SpaceX Class A shares
• The exchange ratio will be based on SpaceX’s 7-day average share price before closing
• Subject to regulatory approvals and customary closing conditions
• Expected to close in Q3 2026
Cursor is one of the world’s leading AI coding platforms and one of the fastest-growing software companies. This marks one of the largest AI acquisitions ever and significantly expands SpaceX’s footprint in AI.