$TSLA
ELON MUSK:
“One thing I’m trying to figure out is how to make enough chips, maybe we’ll work with Intel, but even whe we extrapolate the best case scenario for chip production form our suppliers. it is still not enough. I cant see any other way to get to the volume of chips we are looking for, so i think we will have to build a gigantic chip fab.”
Tesla getting into the chip game 👀
SAM ALTMAN:
“We expect to end this year above $20 billion in annualized revenue run rate and grow to hundreds of billion by 2030. We are looking at commitments of about $1.4 trillion over the next 8 years.”
Altman officially confirming $20B of OpenAI FY 2025 revenues.
Trying to combat the broader argument around lack of revenues vs the amount of spending commitments they have.
If they can scale revenues to “hundreds of billions,” by 2030, one can try to make sense of the spending commitments.
$PLTR
Really important point below: Michael Burry never publishes his 13F early.
This is one of the first times in a decade that he did…likely because he was severely underwater on his Palantir puts.
Given he bought those puts at any time during July - September (Q3) then unless he bought Palantir puts at $200, which wouldn’t be possible since that happened during Q4, he was underwater.
Part of the reason to disclose early may have been to get the market to use the headline to then allow him to get exit liquidity since the trade was simply not going his way.
While Palantir is down from earnings, it still may have not reached a level for him to make any meaningful profit. If he started buying puts at $175 in August…then we are at the same price today. If he bought puts any price below $175 then he’s underwater, and if he bought them above $175, today is the first day he’s even seeing any level of potential gains.
If he actually was shorting and didn’t just have puts, then he was really feeling the pain over the past few months since he initiated the position.
Definitely feels the early disclosure was to get market positioning to potentially exit.
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Logos is our line in the sand. We will reclaim our digital commons.
5/ Germany
The German government owns a significant amount of BTC and has started selling its assets.
According to Arkham, the German government recently transferred 400 BTC to the exchanges Bitstamp, Coinbase, and Kraken.
In total, 2,700 BTC have been moved to exchanges from the government's wallet over the past two weeks.