UK Prime Minister Keir Starmer is against Freedom of expression!
“You can tell who is on the right side and who is on the wrong side based on who wants to limit freedom of expression, restrictions on freedom of expression are fascist restrictions, anyone who encourages censorship is saying they are against freedom”
-Elon Musk
SpaceX stock closed its second day of trading up 19.6% today, pushing the company's market cap above $2.5 trillion for the first time.
SpaceX added $420 billion to its market cap today.
New information about @Tesla's Cybercab has been revealed in public EPA documents.
• Front-wheel drive
• Battery capacity: ~48 kWh
• 219 horsepower
• Curb weight: 3,113 lbs
• GVWR: 3,730 lbs
• Motor power: 163kW
• Voltage: 326v
Equivalent All Electric Range is listed at 418 miles, with 375 miles of highway range, but the final EPA range rating is usually a decent bit lower. Tesla has previously stated the Cybercab has about 300 miles of range.
Filing: https://t.co/pyZCyl7pcm
This idea from some people that the government should heavily tax @elonmusk - the world's best capital allocator - and transfer a significant portion of that wealth to the government, one of the worst capital allocators, makes little sense, especially since much of his earned wealth exists because the companies he built have become far more valuable by creating products and services people value and are willingly to pay for.
Elon may have a high net worth, but virtually all of it is tied up in company stock. He doesn't have tens of billions of dollars in cash. Taxing his wealth would likely force him to sell significant amounts of that stock, putting downward pressure on the share price and negatively affecting millions of people who themselves own shares in those companies directly or through ETFs, mutual funds, pension funds, and 401(k)s.
I think I saw somewhere that Elon's companies have paid over $100 billion in salaries. Those salaries are taxed. Beyond that, his companies have already generated enormous economic value for America and the other regions that his companies operate in.
You want Elon Musk to do good for the world? Great, he already is:
• Tesla: Accelerating the transition to sustainable energy and developing safety technologies like FSD that saves lives.
• SpaceX: Expanding internet access through Starlink in underserved and low-income regions, saving the U.S. government $40 billion (according to the Pentagon), and restored America's ability to launch astronauts from American soil again.
• Neuralink: Giving paralyzed individuals new levels of independence with brain chips. Next, they aim to give blind people the ability to literally see.
Taking capital away from someone who has repeatedly demonstrated an ability to turn it into productive businesses, jobs, innovation, and economic growth, and handing it to a government with a far less effective track record of capital allocation - doesn't strike me as a good trade. Elon's wealth isn't a bug in our system, it's a feature of living in a country where entrepreneurs have the opportunity to build companies that create enormous value for society.
"I love humanity, and so I wish to see it prosper and do great things and be happy and If I didn't love humanity, I wouldn't care about these things"
-Elon Musk
Building cars in America drives innovation and fuels domestic supply chains.
In Fremont, California, Ambassador Greer toured @Tesla���s manufacturing hub for Model 3, Model Y, and advanced robotics, which rolls out hundreds of thousands of American-made vehicles and supports tens of thousands of jobs.
Lightest version of each Tesla vehicle:
In lbs:
• Cybercab: 3,113 lbs
• Model 3 RWD: 3,757 lbs
• Model Y RWD: 4,061 lbs
• Model S AWD: 4,561 lbs
• Model X AWD: 5,152 lbs
• Cybertruck AWD: 6,537 lbs
• Tesla Semi Standard Range: ~20,000 lbs
In kg:
• Cybercab: 1,412 kg
• Model 3 RWD: 1,704 kg
• Model Y RWD: 1,842 kg
• Model S AWD: 2,069 kg
• Model X AWD: 2,337 kg
• Cybertruck AWD: 2,965 kg
• Tesla Semi Standard Range: ~9,072 kg