Steve Kwon

A classical liberal. Tar Heel born and bred.

[Steve Kwon @stkwon]

@AdjustedTwit @ZacksJerryRig @ChadMoran Exactly, parking seems to be more of a challenge than highway driving at 80mph. Apples and oranges.

[Steve Kwon @stkwon]

@MaxNordau @AIPAC In Kentucky, binge watching Fox News at the retirement center, sending young people to die in senseless wars and racking up debt on the national credit card that they won’t ever need to repay.

[Steve Kwon @stkwon]

@BobMurphyEcon @DineshDSouza Equal rights for vampires.

[Steve Kwon @stkwon]

@Jason This is the last election Trump and co. will win. They’re going to get shellacked during the midterms.

Too bad the only thing they accomplished was to fill the swamp with the same kind of losers we’ve been dealing with this century.

[Justin Amash @justinamash]

One of the most profound effects Trump has had on Congress is that he convinced a giant portion of GOP voters that the establishment guys who fall in line are the heroes and the constitutional conservatives who challenge the system are the villains.

[Steve Kwon @stkwon]

@AP This guy looks ill. Another zombie Boomer.

[Steve Kwon @stkwon]

@Scobleizer @Mayhem4Markets Who is going to be 10x better than the Apple ecosystem? For example, my Vision Pro, Mac and iPhone work seamlessly together. I don’t see it right now.

[Steve Kwon @stkwon]

@jeffreytucker @JoannaStern @WSJ Tesla FSD is way ahead of Xiaomi. I use it 95 percent of the time and its the killer feature.

https://t.co/MEXv3oACIn

[Sawyer Merritt @SawyerMerritt]

NEWS: Chinese media tested ADAS in various scenarios, including highways & night driving. @Tesla’s vision-based system outperformed emerging Chinese brands like Huawei & Xiaomi, as well as traditional automakers. Even with LiDAR, competitors’ ADAS performance lags behind Tesla.

Rankings
Top Performers:
• Tesla Model 3 (RWD Refreshed) – 5/6
• Tesla Model X (2023 LR Refreshed) – 5/6
• Xpeng G6 – 3/6
• Wenjie M9 – 3/6
• Zhijle R7 – 3/6
• BYD Z9GT EV – 3/6

Mid-Tier:
• Aion RT (2025) – 2/6
• Platinum 3X – 2/6
• Avita 12 – 2/6
• Wenjie M7 – 2/5
• Avita 07 – 2/5

Low Performers:
• Ideal L6 – 1/6
• Xiaomi SU7 – 1/5
• Wenjie M8 – 1/5
• QinLDM – 1/5
• iCAR V23 – 1/5
• Xiaomi SU7 Ultra (2025) – 1/4
• BYD Seagull – 1/4
• NIO ES6 – 1/4

Failed All Tests (0 Passes):
• Zeekr 001 (2025 YOU Edition) – 0/6
• Baojun Enjoy PHEV – 0/6
• Lynk & Co – 0/6
• Han LEV – 0/5
• Zero runing C10 – 0/5
• PASSAT – 0/5
• GAC Honda P7 – 0/5
• Zeekr 7X (2025 100kWh) – 0/5
• Xpeng P7+ – 0/4
• Song Pro DM – 0/4
• Letao L60 – 0/4
• Star Era ET – 0/4
• Firefly – 0/4

Full 1.5 hour video in thread below:

[Steve Kwon @stkwon]

@JTCharles01 @yesh222 @buzzworddujour @billybinion Yes, it would have been a challenge, but scale matters. Merging with a larger airline was Spirit’s only real option. Instead, you’re celebrating two extra years of a failed model and using “anecdotal evidence” to predetermine an outcome that aligns with your beliefs.

[Steve Kwon @stkwon]

@JTCharles01 @yesh222 @buzzworddujour @billybinion Spirit likely would have had a higher probability of long-term survival if it had merged with JetBlue. Blocking the merger only helped the Big Four airlines (American, Delta, United, Southwest), as JetBlue-Spirit would have created a viable fifth competitor in the market.

[Steve Kwon @stkwon]

@JTCharles01 @yesh222 @buzzworddujour @billybinion A better approach is to let markets determine how resources are allocated, rather than relying on a judge or regulator, who is likely to have less information and does not bear the financial consequences of their decisions.

[Steve Kwon @stkwon]

@JTCharles01 @yesh222 @buzzworddujour @billybinion You’re proving my point: government intervention wasn’t needed. Blocking a merger on such flimsy grounds is unjustified. If it destroys value or leads to bankruptcy, shareholders bear it—but if government steps in, it has to own the outcome.

[Steve Kwon @stkwon]

@JTCharles01 @yesh222 @buzzworddujour @billybinion I’m not the one who supported intervention. The burden isn’t on me to prove anything. I’m not the one interfering in the private transactions of others. If you stick your nose in something, you should expect it to get dirty—and you take responsibility for what follows.

[Steve Kwon @stkwon]

@JTCharles01 @yesh222 @buzzworddujour @billybinion Provide evidence that this is the result the government intended.

[Steve Kwon @stkwon]

@JTCharles01 @yesh222 @buzzworddujour @billybinion You’re arguing that the government intervention didn’t cause Spirit’s demise today.

You’re claiming JetBlue/Spirit was going to fail anyways, which is a complete deflection from the central point that government intervention caused an immediate and realized harm today.

[Steve Kwon @stkwon]

@JTCharles01 @yesh222 @buzzworddujour @billybinion “Two companies that were already failing don’t magically stop failing when they merge.
They just become one larger entity to fail.”

Well the patient was going to die anyway, so I made it happen faster! It’s for the shareholders and market to decide, not you or the government.

[Steve Kwon @stkwon]

@JTCharles01 @yesh222 @buzzworddujour @billybinion I’m sniffing reality. I don’t think you are.

What regulators wanted:

* Keep Spirit alive as a cheap competitor
* Prevent fares from rising

What actually happened:

* Spirit collapsed anyway
* The ultra-low-cost model just disappeared from the market.

[Steve Kwon @stkwon]

@JTCharles01 @yesh222 @buzzworddujour @billybinion If the merger had not been blocked, it likely would have proceeded, and Spirit would not be bankrupt today. This logic is undeniable.

[Steve Kwon @stkwon]

@JTCharles01 @yesh222 @buzzworddujour @billybinion We’re not responsible for keeping companies afloat, but we sure are responsible for killing them and benefiting its competitors.

[Steve Kwon @stkwon]

@JTCharles01 @yesh222 @buzzworddujour @billybinion When you intervene and disrupt the spontaneous order, you are responsible for the outcome, even if it is not the one you intended. It is no different than a doctor prescribing a drug without reading the warnings about side effects—they are liable for any resulting harm.