Forward Cap

[Forward Cap @forwardcap]

Do legacy automakers really want to sell EVs?

Analyzing how these OEMs view EVs and why:

https://t.co/VyNS4NNa0U

[Forward Cap @forwardcap]

@Biohazard3737 You should look into $PRME

The Tessera program you mentioned uses very similar tech, likely infringing on prime editing IP

Ex vivo success in CGD (expected expedited BLA + PRV in next ~year), two in vivo programs entering clinic soon (Wilson’s, AATD), and CF POC later this year

[Forward Cap @forwardcap]

$TSLA revenue is lower than it was 3 years ago

Despite significant improvements to FSD, upgrades to Model 3/Y, ramping Energy, launching CT, etc. over this period

Does not bode well for future FSD/robotaxi monetization, imo

[Forward Cap @forwardcap]

@hamids Deprioritized traditional vehicle programs in favor of AI / FSD before the tech was ready

Never took advertising / EV eduction seriously

Burned bridges with large a portion of potential buyers due to politics

[Forward Cap @forwardcap]

@StockMarketNerd You’re telling me Metro Mile didn’t beat Geico?

[Chamath Palihapitiya @chamath]

Buffett had Geico.

I pick @Metromile.

The company announced today that it is going public via a SPAC ($INAQ) and I led the PIPE.

This is an incredible company disrupting car insurance and giving customers a best in class experience.

My one pager is attached. 🙏🏽

[Forward Cap @forwardcap]

@28delayslater He knows many of his supporters can’t think for themselves and will follow whatever he says

[Forward Cap @forwardcap]

May 2024: xAI raises Series B at a $24B valuation. Tesla does not invest

Nov 2025: Tesla holds shareholder vote on xAI investment. Shareholders reject

Jan 2026: Tesla ignores shareholder vote, invests in xAI anyways, at a $230B valuation

[Forward Cap @forwardcap]

The average person is pretty stupid. This is a good reminder that half of them are even stupider than that

[Caroline Orr Bueno, Ph.D @RVAwonk]

Elon Musk is literally doing the exact thing that he & his fans are accusing Somalis of doing in Minnesota (taking govt funding & funneling it back to the campaigns of the politicians who helped him get all the govt money) except when Elon does it, it’s totally fine & not fraud.

[Forward Cap @forwardcap]

BTC -10% from ATH

[shamdoo @TheShamdoo]

Holy sh*t. Just got a call from my good friend who’s a higher up at a well-known crypto firm. They got completely wiped out. Weren’t ready for something like this at all. Hearing that some partner firms of theirs also got wiped out. Fully gone. Not a penny left. This could be bad.

[Forward Cap @forwardcap]

@munster_gene Sounds like a completely made up number

[Forward Cap @forwardcap]

@SawyerMerritt @m Cringe

[Forward Cap @forwardcap]

@thejefflutz Good thing they report safety critical interventions and # of robotaxis.. oh wait, they don’t

Reported 7k miles as of the Q2 earnings call, and at least two safety critical interventions on video before then, which is a very high intervention rate

[Forward Cap @forwardcap]

@tavi_chocochip Tesla recently confirmed the fleet had logged 7k miles. By that time, we had video evidence of multiple safety-critical interventions by the in-car supervisor

The high disengagement rate & the fact that they've barely expanded the fleet tell me it's not yet safer than a human

[Forward Cap @forwardcap]

@Gabe__MD Yes I have tried the product. I think they are years away from a scaled robotaxi operation

They disclosed 7k miles driven in Austin, yet we’ve already confirmed multiple safety-critical interventions (that we know of). March of the 9s will be harder than most Tesla fans expect

[Forward Cap @forwardcap]

“We expect to have Dojo II operating at scale sometime next year” - Elon Musk, two weeks ago

Today, Tesla abandoned the Dojo project

Goes to show how believable his commentary is on FSD/Optimus, which is driving Tesla’s entire valuation now

[Forward Cap @forwardcap]

@MichaelPhippen Fair, but the article makes sense given facts we can confirm, Ed generally does good reporting without bias, and Elon prob would’ve denied it by now if it weren’t true

[Forward Cap @forwardcap]

I’m still bullish on EVs long-term but I was obviously wrong about market penetration in recent years, specifically in the U.S. I guess I should’ve seen this to some extent given legacy auto’s positioning and incentive to keep ICE alive

That said, EVs are hands down a better option for anybody with at-home charging. You see other developed nations have way higher EV share. I think Tesla’s are by far the best value on the market in the U.S. - I’m never going back to another brand and the vast majority of Tesla owners agree

I take accountability on over-estimating domestic EV penetration, though I think Tesla could’ve done a better job educating consumers once sales started slowing ~3 years ago. Instead, they’ve gone all-in on autonomy which is not a sure bet, which is all I’m trying to point out in my original tweet

[Forward Cap @forwardcap]

@TomerHacohen I don’t think valid critiques should be dismissed like this, and Elon would be better off if he wasn’t surrounded by Yes Men who chastise anybody who critiques or asks valid questions

[Forward Cap @forwardcap]

@tavi_chocochip Old enough to remember when having a geofence was a big issue that meant their tech wasn’t scalable

[Forward Cap @forwardcap]

Companies pay consulting firms millions for the same advice

[Roshan Patel @roshanpateI]

We hired a college intern. Today's his first day. Here's what he just sent me.