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Joined 1 year ago
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Cake day: August 12th, 2023

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  • Tesla is expected to sell like crazy because they are one of the only EV carmakers to not be hit full force by tariffs. However, given the public reception of Musk, the car brand may see a long term decline as fewer vehicles are purchased in the US and EU for different reasons. Chinese EVs will sink EU and APAC sales and people don’t want to give Elon any of their money if they can help it.

    Tesla also doesn’t create any new vehicle models or redesign of their initial line up that was created 12 years ago. He’s coasting on the demand and has no plans for doing anything different. I would expect Tesla to hit hard times after a decade or so.

    TL;DR - a small bump in sales followed by a steady fall off before Trump Part Deux is done.











  • Intel can’t afford to keep making GPUs because it doesn’t have the reliable CPU side to soak up the losses. The GPU market has established players and Intel, besides being a big name, didn’t bring much to the table to build a place for itself in the market. Outside of good Linux support (I’ve heard, but not personally used) the Intel GPUs don’t stand out for price or performance.

    Intel is struggling with its very existence and doesn’t have the money or time to explore new markets when their primary product is cratering their own revenue. Intel has a very deep problem with how it is run and will most likely be unable to survive as-is for much longer.









  • The rich use a multiparty trick to stay rich:

    1. Put their money in an offshore account that doesn’t tax them based on wealth in the country. Typically the deal is the managers get some very small amounts, single digit percentages, to charge the customer for moving money in or out of the country. Then they never touch this money again unless it is an emergency.

    2. The rich then use their bank account full of money as collateral for a loan that is much smaller, like a few million borrowed with a secured loan linked to the millions/billions in the account. The banks easily accept the terms because they can’t lose - if the loan defaults the amount is pulled from the account. But the rich usually try to make their payments so that account money isn’t touched.

    3. The rich spend their loaned money and make payments from the dividends, annuities, funds, and/or interest on their principal amount. This way the bank gave the person money that they can spend and it’s not income so they aren’t taxed on it, unless there is a sales tax. It’s basically free money.

    As they spend this free money, the government for the country that they live in doesn’t know how much money the rich person actually has so they are unable to create an accurate amount to tax them. This is partially why folks like Bezos and Buffet pay a few hundred thousand dollars on hundreds of billions in actual wealth. Stock valuations are an entirely other beast but functions roughly the same way as having wealth to borrow money against.

    The rich stays rich and get free money because the banking system was made by them and they are educated by their accountants and financial advisors on how to pay the least amount of money they can to get the most out of each cent.