Most people don't understand the difference between having billions in the bank, liquid, & having ownership shares in companies worth billions. And I think it would behoove the media to explain this once in a while.
Ro, you’re lying and you know it.
You compared a man’s net worth to a country’s GDP. A balance sheet to a year of output. You went to Yale. You learned the difference between a stock and annual output flow.
But being a politician and lawyer, you love to lie and gaslight the economic illiterates, it’s your entire business model.
You want a 5% tax on Elon to fund free trade school for every American.
Trade school costs $80B/yr, you can’t even fund a year.
Elon doesn’t have $55B in cash. It’s stock. You know this.
To pay, he sells roughly $70B of Tesla and SpaceX shares, and the sale itself gets taxed on top. SpaceX raised $75B at its IPO this morning at a $1.77 trillion valuation.
Imagine him selling that amount every year.
Ro isn’t taxing Elon. He’s taxing everyone who gas exposure to the market. Every pension fund and index fund on the planet gets wrecked. And given Ro, he’ll insider trade and short before the bill passes.
And for what? To rip capital from the best allocator alive and hand it to the most incompetent institution in human history. Elon turned PayPal gains into Tesla and SpaceX: 120,000 jobs, launch costs down 90%, two industries that didn’t exist, a $1.77 trillion company from nothing.
You’ve never built anything. You’ve never employed anyone. You’ve never created a dollar of value in your life. You collect a government salary and demand tribute from men who do what you can’t.
Your machine spends $7 trillion a year and still runs a $1.8 trillion deficit. It loses up to $521 billion a year to fraud. More than your entire tax raises. The Department of Education went from $34 billion in 2000 to $268 billion in 2024. 8x the money. Reading scores at multi-decade lows. Trade schools still unfunded.
You don’t lack money. You lack competence, and you want Elon to subsidize it.
You haven’t donated your wealth. You haven’t moved into government housing. Empty your accounts first, Ro. Then preach.
Elon’s options get taxed as ordinary income at the top rate when exercised. Over $500 billion in lifetime taxes, the largest tax stream from one human ever. You want $55 billion now in a way that craters the shares the $500 billion depends on. Your tax doesn’t raise money. It kills the companies, kills the jobs, kills the pensions, and torches a bigger check already in the mail.
You’re the monkey in the middle, Ro. You can’t build. You can’t allocate. You can’t even count. So you eat from everyone else’s pie and call it fairness.
You are smarter than this Ro. Imagine if Bernie had taxed @elonmusk 100% on his PayPal capital gains. We would have no @Tesla or @SpaceX - none of those jobs or GDP. Who do you think allocated the capital better for society? He will already pay $100 B + in taxes - more than any human ever. I hope he donates some to kids via @TrumpAccounts to make every kid a shareholder in 🇺🇸 & continues investing all his heart, soul & money for the benefit of America & all humanity! 🇺🇸🚀🤍
Robert Marks on @Tesla FSD (Supervised) after buying a Model Y:
"Its self-driving is the most impressively engineered consumer product since the smartphone. I say this as a practicing electrical and computer engineering professor with decades of experience in algorithms and artificial intelligence.
Among others, I’ve showed off my Tesla to a control theory professor, a retired Marine fighter pilot, and a retired police officer. All were agog.
Whether Tesla ultimately dominates the future of transportation or merely helps ignite it, one thing is clear: the automobile is being reinvented before our eyes. For those like me who grew up thinking of cars as engines, gears, and gas tanks, stepping into a Tesla feels less like buying a new car and more like getting a glimpse of tomorrow."
Full article: https://t.co/ZMF9QJcd45
BREAKING: Tesla has officially released FSD V14.3
I'm downloading it in my Model Y right now. Here's everything that's new:
• Improved parking location pin prediction, now shown on a map with a P icon.
• Increased decisiveness of parking spot selection and maneuvering.
• Rewrote the Al compiler and runtime from the ground up with MLIR, resulting in 20% faster reaction time and improving model iteration speed.
• Enhanced response to emergency vehicles, school buses, right-of-way violators, and other rare vehicles.
• Mitigated unnecessary lane biasing and minor tailgating behaviors.
• Improved handling of small animals by focusing RL training on harder examples and adding rewards for better proactive safety.
• Improved traffic light handling at complex intersections with compound lights, curved roads, and yellow light stopping - driven by training on hard RL examples sourced from the Tesla fleet.
• Upgraded the Reinforcement Learning (RL) stage of training the FSD neural network, resulting in improvements in a wide variety of driving scenarios.
• Upgraded the neural network vision encoder, improving understanding in rare and low-visibility scenarios, strengthening 3D geometry understanding, and expanding traffic sign understanding.
• Improved handling for rare and unusual objects extending, hanging, or leaning into the vehicle path by sourcing infrequent events from the fleet.
• Improved handling of temporary system degradations by maintaining control and automatically recovering without driver intervention, reducing unnecessary disengagements.
Upcoming Improvements:
• Expand reasoning to all behaviors beyond destination handling.
• Add pothole avoidance.
• Improve driver monitoring system sensitivity with better eye gaze tracking, eye wear handling, and higher accuracy in variable lighting conditions.
Regulators will definitely be a pain in some areas, but I don’t think this is one of them.
Using Tesla’s Cybercab through Uber would end up being a worse experience for riders. Uber would need to take their cut, which would make the ride slightly more expensive vs directly through the Tesla app. Even with that markup, ppl on the Uber app would immediately see how much cheaper the Cybercab is compared to traditional options (or even Waymo).
Beyond pricing, there are also practical issues: How would passengers control their own audio, adjust the cabin temperature to their preference, or set their ideal seating position?
Uber isn't needed.
So Tesla will design the hardware, software (at least the bit that makes the car drive), & manufacture it all but they'll outsource the app?
Downloading an app takes 2 seconds. If people can save money with Lyft, they'll download that on top of Uber. If they can save even more with Tesla, they'll download that too.
@Novoicetoday1@SawyerMerritt If you use it often enough and it can save you a considerable amount of money people will have no issue downloading a new app lol