Technosmith ✘

Engineer, Tesla Model Y Owner, Bagholder of stonks, Cult of Tuna 🐟 🍁 🇨🇦🇺🇸 🍁

[Technosmith ✘ @technosmith]

Confused Tesla $TSLA Diamond Hand Baghodlers looking at Elon Musk IPO’ing SpaceX $SPCX

[Technosmith ✘ @technosmith]

@elonmusk If you know pump it up $SPCX

[Technosmith ✘ @technosmith]

Thanks S&P Dow Jones $TSLA $SPCX

[Sawyer Merritt @SawyerMerritt]

Wow, the S&P Dow Jones Indices has just officially announced that they will NOT be changing their inclusion rules to make it easier for “MegaCap” companies (such as @SpaceX) to be fast-tracked into the S&P 500.

Their reasoning:
"S&P DJI determined that exceptions to the financial viability, seasoning, and IWF requirements should not be granted solely based on market capitalization. The decision not to adopt the proposed exceptions preserves core index principles by maintaining consistent application of these key requirements. Although there may be trade-offs between strict adherence to these eligibility requirements and broad representativeness, the current methodology provides substantial market coverage and sector balance. As a result, the indices can continue to meet their stated objectives while preserving their role as representative and investable benchmarks for the U.S. equity market.

No changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF, for the S&P 500, S&P MidCap 400, or S&P SmallCap 600 as a result of the S&P Dow Jones Indices consultation on the treatment of MegaCap companies. Accordingly, there will be no changes to existing methodology for this index family."

This means that the earliest @SpaceX could be eligible to be added to the S&P 500 would now be June 2027.

The requirements that will now remain in place are:
• No changes to S&P 500 eligibility rules for mega-cap companies.
• Mega-cap companies will still need to wait 12 months after their IPO before being considered for S&P 500 inclusion.
• S&P will not waive profitability requirements for mega-cap companies. The company must have positive GAAP net income in the most recent quarter, and the sum of the most recent four consecutive quarters.
• S&P will not waive minimum public float requirements for mega-cap companies. At least 10% of a company's shares must be publicly tradable ("free float").

The S&P rejected proposals that would have:
• Reduced the IPO seasoning period from 12 months to 6 months
• Waived profitability requirements
• Waived minimum public float requirements

[Technosmith ✘ @technosmith]

@DonchoGunchev Rules and conditions have been modified… not disagreeing

[Technosmith ✘ @technosmith]

Most equities are in a bubble

And definitely not trading their fair value

There is no point in attacking Space X

Everything will undergo correction, that includes SpaceX $SPCX too

[Hamid @hamids]

Those last 3 massive jumps (which appear to be ~400% increase in valuation) have happened within the past year, with just 33% revenue growth.

[Technosmith ✘ @technosmith]

Space X IPO is available in RBC and Wealthsimple in Canada 🇨🇦

RBC is the preferred partner for Tesla Financing

And WealthSimple is the preferred partner for X for stocks in Canada

Other financial institutions learned the lesson hard way

Do not bet against Elon $TSLA

[Technosmith ✘ @technosmith]

Seeing everyone who invested in stocks get a new car, house and finally getting retired

While you hold Tesla stock $TSLA

[Technosmith ✘ @technosmith]

Parking garage has always been a hit and miss for me

[Kim Java @ItsKimJava]

Tesla FSD on HW3 vs HW4 is becoming a tale of two very different systems.
We tested both in rain, sun and obstacles to see just how large the gap has become. New video is live on YT.

[Technosmith ✘ @technosmith]

@robotaxi How many cars?

[Technosmith ✘ @technosmith]

Tesla investors who never participated in any bull runs

But always holds the baggage through the dips $TSLA

[Technosmith ✘ @technosmith]

Hard Working Canadian jobs are moving to offshore

Mark Carney should stop this

[Technosmith ✘ @technosmith]

Missing Harper

[Technosmith ✘ @technosmith]

From “UNIMAGINABLE SPEED”

to

“Gonna take a lot of time”

Mark Carney said America is heading into recession

Instead handed over recession in a platter for Canadians

Elbows up gang should remember we are the only country in G20 to be in a recession

[Technosmith ✘ @technosmith]

@teslascope I did receive just now

[Technosmith ✘ @technosmith]

@teslascope Going to check the app now 🤞

Dear God

[Technosmith ✘ @technosmith]

Finally in the 12th wave $TSLA

Received my Tesla FSD 14.3.3 update

[Technosmith ✘ @technosmith]

@SawyerMerritt Space X would have bought them

[Technosmith ✘ @technosmith]

@kylaschwaberow 🤞

[Technosmith ✘ @technosmith]

@teslascope Not to me