The Capital Generation Machine:
One dollar invested in stocks at the start of 1800 would’ve grown to nearly $67 million, compounding at an annualized return of 8.3%. After inflation, the terminal value becomes $2 million for an annualized return of 6.6%.
@SoberLook
The AI infrastructure buildout is entering a new phase:
US tech companies are committing to spend a record $850 billion on data center leases over the next several years.
This marks a +$570 billion YoY increase, or +204%, and +$200 billion QoQ increase, or +31%.
Meta, $META, added the most in Q1 2026, committing +$79 billion in new leases, a +76% QoQ increase, bringing its total to ~$183 billion.
At the same time, Microsoft, $MSFT, added +$41 billion, a +26% QoQ increase, bringing its total to ~$197 billion.
Oracle leads with the largest total commitments at ~$250 billion, having already secured many of the key sites needed to fulfill its contract with OpenAI.
Tech companies are doubling down on AI.
Tesla's delivery ambitions have shifted dramatically over the past decade.
From missing multiple delivery targets to shelving the 20 million vehicles per year goal, expectations have steadily come down. Wall Street now forecasts 2.65M deliveries by 2030, around 13% of the original target.
What does this mean for $TSLA investors?