Politics

[Altitude sickness]

Just bringing this back up to say... its been about 6 weeks since this post.. Tesla continues to rise (its at $320 today), as does Musk's personal net worth (Forbes pegs him at $410B today)..

All of those Europeans laughing at Musks demise, the fall of Tesla, etc.. and all of the leftists that went on their scratch a tesla and burn a tesla rant... it might be time to admit you got it wrong...

Elon continues to laugh all the way to the bank..



Remember.., a little over a year ago Tesla was trading at $171 (before his open support, campaigning, and alignment and then later fall out with Trump) and his personal net worth was hovering around $200B...

Car sales is not how Tesla makes its real money.. and barely has any impact on Musks larger portfolio..

Tesla has only scratched the surface of the total potential value. Robotaxis, AI, and humanoid robotics, Tesla having its tentacles into other major companies technologies will eventually allow them to use anything that company innovates. For example Ford uses Tesla technology for free. The only stipulation is that Ford can not charge Tesla for using Ford technology.

So Tesla or offshoots will soon be so interwoven that they will profit from huge areas of the economy.

Eventual $2500 stock??

 

[rookhawk]

Tesla has only scratched the surface of the total potential value. Robotaxis, AI, and humanoid robotics, Tesla having its tentacles into other major companies technologies will eventually allow them to use anything that company innovates. For example Ford uses Tesla technology for free. The only stipulation is that Ford can not charge Tesla for using Ford technology.

So Tesla or offshoots will soon be so interwoven that they will profit from huge areas of the economy.

Eventual $2500 stock??

I'm a TSLA shareholder but I don't see how society will deem it a $2500 stock. The problem with Tesla is that they make tangible goods. Investors at large hate tangible goods, preferring software companies that can invent a single cloud application for X-dollars and then "theoretically" sell it infinite times for what amounts to infinite profit with no per-unit cost of goods sold at some far-off point on the horizon. Don't shoot holes in this faulty logic, its just how wall street investors think, thus creating irrational valuations for software companies while suppressing the value of tangible goods companies.

The more tangible and useful the company, the less value ascribed to its shareprice.

 

[mdwest]

I'm a TSLA shareholder but I don't see how society will deem it a $2500 stock. The problem with Tesla is that they make tangible goods. Investors at large hate tangible goods, preferring software companies that can invent a single cloud application for X-dollars and then "theoretically" sell it infinite times for what amounts to infinite profit with no per-unit cost of goods sold at some far-off point on the horizon. Don't shoot holes in this faulty logic, its just how wall street investors think, thus creating irrational valuations for software companies while suppressing the value of tangible goods companies.

The more tangible and useful the company, the less value ascribed to its shareprice.

Tangible goods isnt how Tesla is making the lions share of its money though...

It holds 3442 global patents across 1073 different patent families.. and is filing for new patents on an almost daily basis.. its patent portfolio has a current value of $4B.. some estimate that the patent value will grow to more than $10B in the next 12 months.. 74% of its patents are active..

They are creating new software and technology at an incredible rate.. and then they are selling access to those patents as fast as the patents are granted..

 

[rookhawk]

Tangible goods isnt how Tesla is making the lions share of its money though...

It holds 3442 global patents across 1073 different patent families.. and is filing for new patents on an almost daily basis.. its patent portfolio has a current value of $4B.. some estimate that the patent value will grow to more than $10B in the next 12 months.. 74% of its patents are active..

They are creating new software and technology at an incredible rate.. and then they are selling access to those patents as fast as the patents are granted..

Tesla has an "Open Patent Pledge" I believe? I can't see how TSLA stock can be valued based on their patents when they will allow anyone to use their patents. TSLA's value in my opinion is their continued innovation and perception of first to market or best to market.

Their website says:

Patent Pledge​

On June 12, 2014, Tesla announced that it will not initiate patent lawsuits against anyone who, in good faith, wants to use its technology. Tesla was created to accelerate the advent of sustainable transport, and this policy is intended to encourage the advancement of a common, rapidly-evolving platform for electric vehicles, thereby benefiting Tesla, other companies making electric vehicles, and the world. These guidelines provide further detail as to how we are implementing this policy.

Tesla’s Pledge​

Tesla irrevocably pledges that it will not initiate a lawsuit against any party for infringing a Tesla Patent through activity relating to electric vehicles or related equipment for so long as such party is acting in good faith. Key terms of the Pledge are explained below.

Definition of Key Terms​

"Tesla Patents" means all patents owned now or in the future by Tesla (other than a patent owned jointly with a third party or any patent that Tesla later acquires that comes with an encumbrance that prevents it from being subject to this Pledge). A list of Tesla Patents subject to the Pledge will be maintained at the following URL: https://www.tesla.com/legal/additional-resources#patent-list.

A party is "acting in good faith" for so long as such party and its related or affiliated companies have not:

• asserted, helped others assert or had a financial stake in any assertion of (i) any patent or other intellectual property right against Tesla or (ii) any patent right against a third party for its use of technologies relating to electric vehicles or related equipment;
• challenged, helped others challenge, or had a financial stake in any challenge to any Tesla patent; or
• marketed or sold any knock-off product (e.g., a product created by imitating or copying the design or appearance of a Tesla product or which suggests an association with or endorsement by Tesla) or provided any material assistance to another party doing so.

Transfer of Tesla Patents​

Should Tesla ever transfer a Tesla Patent to a third party, it will do so only to a party that agrees, by means of a public declaration intended to be binding on such party, to provide the same protection that Tesla provided under the Pledge and to place the same requirement on any subsequent transferee.

Legal Effect​

The Pledge, which is irrevocable and legally binding on Tesla and its successors, is a "standstill," meaning that it is a forbearance of enforcement of Tesla’s remedies against any party for claims of infringement for so long as such party is acting in good faith. In order for Tesla to preserve its ability to enforce the Tesla Patents against any party not acting in good faith, the Pledge is not a waiver of any patent claims (including claims for damages for past acts of infringement) and is not a license, covenant not to sue, or authorization to engage in patented activities or a limitation on remedies, damages or claims. Except as expressly stated in the Pledge, no rights shall be deemed granted, waived or received by implication, exhaustion, estoppel or otherwise. Finally, the Pledge is not an indication of the value of an arms-length, negotiated license or a reasonable royalty.

What this pledge means is that as long as someone uses our patents for electric vehicles and doesn’t do bad things, such as knocking off our products or using our patents and then suing us for intellectual property infringement, they should have no fear of Tesla asserting its patents against them.

 

[Altitude sickness]

I think the pledge allows Tesla to use patents of those using theirs. Again the Tesla tentacles Will eventually be so woven in. It will be a term like Xerox used to describe every brand of copier.

Robots will soon be in every house. Just like before the personal home computer revolution. Robots are the next. And Tesla will lead the way.

 

[Brent in Az]

Deceased Idaho gunman was identified as 20 year old Wess Roley.
Reports say he may have been living out of his truck at some point?
It hasn't been determined if he died by self inflicted gunshot, or exchange of fire with law enforcement.
Dont know if he was trying to force a "death by cop" situation, or someone who was simply mad at the world and took it out on multiple firefighters
Sadly, 2 first responders lost their lives because of a mentally deranged person.
Investigation is still ongoing, and more information will be released as it becomes available.

 

[Altitude sickness]

No one saw personal home computers being so ubiquitous. Just like most of us can not picture a robot or 5 robots in every home within 20 years.

 

[mdwest]

I think the pledge allows Tesla to use patents of those using theirs. Again the Tesla tentacles Will eventually be so woven in. It will be a term like Xerox used to describe every brand of copier.

Robots will soon be in every house. Just like before the personal home computer revolution. Robots are the next. And Tesla will lead the way.

Correct..

they dont just give away their patents.. they essentially trade them.. and then use the tech they obtain through those trades to develop more patents.. and more tech.. which gets applied across multiple Musk entities (SpaceX, Boring, etc etc)..

and the "open" pledge is also limited.. they can only be used for EV related purposes.. anyone that uses a Tesla patent cant then assert any patent privilege against Tesla or against anyone else using a Tesla patent..

Its a pretty brilliant move on Tesla's part honestly.. and has made them reams of cash across not just tesla but the entire portfolio of companies..

 

[HookMeUpII]

Deceased Idaho gunman was identified as 20 year old Wess Roley.
Reports say he may have been living out of his truck at some point?
It hasn't been determined if he died by self inflicted gunshot, or exchange of fire with law enforcement.
Dont know if he was trying to force a "death by cop" situation, or someone who was simply mad at the world and took it out on multiple firefighters
Sadly, 2 first responders lost their lives because of a mentally deranged person.
Investigation is still ongoing, and more information will be released as it becomes available.

Wonder how long we see after his name "...was previously known to law enforcement."

 

[Brent in Az]

Wonder how long we see after his name "...was previously known to law enforcement."

I wouldn't doubt that

 

[BSO Dave]

My daughter who is head of the recruitment committee at her firm recruits from top Ivy League schools and same for all the top law firms in the country. A person from your local law school has zero chance.

It makes sense, in order to get into an Ivy League school you have to be the cream of the crop, then you have to excel there to get into an MBA or law school at the same class of schools. Those schools have already done the elimination of those that don’t measure up. Then those firms take the cream of the crop from there as well.

The point I was making to Redleg is that certain ivy league schools, with Harvard and Columbia being the prime examples, are now more famously known for their woke activism rather than graduating the brightest thinkers... For that fact alone, anyone holding a degree from one of these schools is not automatically entitled to the esteem they ordinarily would be regarded 20 years ago... At least for me anyway...

In regard to his assertion that Fortune 500 companies hire from the Ivy League first, the list below shows that there are a great many fine schools which are recruited from much more often that are not within the 8 schools most commonly considered the elite "Ivy League"... like I said, it's largely field dependent as to which companies hire from which schools... Regardless, I'm quite certain KJB earned her Harvard degree based 100% on her academic merit... LOL...

Having Cornell, Dartmouth, Brown, Yale, Princeton, etc (even Harvard and Columbia) on a resume gets peoples attention.. that cannot be denied... much more so than Wichita State or the University of North Texas, etc..

Fair enough, but my point was that the attention that some are now getting may not be the favorable attention (especially from prospective employers) that was once automatic....

 

[BSO Dave]

That was condescending? You should proofread your own work. And what bullshit specifically? I have never used that word in referring to anything you have written here. You claim to know all about corporate hiring practices. Fair enough, I would be interested which ones - particularly if they have had a history of hiring the Ivy League.

Your reply to my post began with an "LOL" as if to suggest I made some outrageous claim... That is 100% condescending, but most of your replies are condescending to folks here who do not agree with you or bow to your infinite wisdom on all topics... Nothing new...

The bullshit is that you are supposed to be a conservative (your words) and a republican, yet you take KJB seriously as a jurist on the highest court? You defend her resume as credible even though you must know she has received affirmative action points and preference from every single academic institution she has ever attended... Not to mention Biden boldly and proudly admitted she was a DEI pick... Her testimony at her confirmation hearing was a joke, and her opinions from the bench thus far have been 100% talking points, not legal arguments as Justice Barrett clearly pointed out... Your defense of her is both shocking and laughable to me...

And, as far as your out of context assertion that I "claim to know all about corporate hiring practices" I never said anything in regard to how corporations hire... I said very specifically Harvard does not garner the automatic esteem it used to which is #18 by the way on the Fortune 500 list... You also condescendingly suggested that I should consult the Fortune 500 companies, which I did disproving your assertion that grads from these Ivy league schools lead the nation in employment recruiting which is far from the reality... You can refer to the list I posted previously for an accurate representation of which schools these companies hire from the most...

By the way, what happened to you promising to ignore me like 10 times already?

 

[Brent in Az]

An 82 year old woman has succumbed to her injuries from a Molotov cocktail used in the June 1st terror attack in Colorado.
Charges have been upgraded accordingly.
I'd like to see the guy swinging from a rope......wild west style.

 

[Red Leg]

Your reply to my post began with an "LOL" as if to suggest I made some outrageous claim... That is 100% condescending, but most of your replies are condescending to folks here who do not agree with you or bow to your infinite wisdom on all topics... Nothing new...

The bullshit is that you are supposed to be a conservative (your words) and a republican, yet you take KJB seriously as a jurist on the highest court? You defend her resume as credible even though you must know she has received affirmative action points and preference from every single academic institution she has ever attended... Not to mention Biden boldly and proudly admitted she was a DEI pick... Her testimony at her confirmation hearing was a joke, and her opinions from the bench thus far have been 100% talking points, not legal arguments as Justice Barrett clearly pointed out... Your defense of her is both shocking and laughable to me...

And, as far as your out of context assertion that I "claim to know all about corporate hiring practices" I never said anything in regard to how corporations hire... I said very specifically Harvard does not garner the automatic esteem it used to which is #18 by the way on the Fortune 500 list... You also condescendingly suggested that I should consult the Fortune 500 companies, which I did disproving your assertion that grads from these Ivy league schools lead the nation in employment recruiting which is far from the reality... You can refer to the list I posted previously for an accurate representation of which schools these companies hire from the most...

By the way, what happened to you promising to ignore me like 10 times already?

You are correct - I should. it is just, that something new and unignorable appears from your keyboard periodically. And do please check out how many times you use LOL in your posts.

I suppose if it is bullshit to truly try and understand every side of an issue, then color me guilty. But it is a habit that has served me well in testing my core beliefs.

I am no defender of Jackson’s opinions, but it is simply silly to call her unqualified or assume her only reason for academic success was affirmative action. After all, she was summa cum laud, cum laud, and an editor of the law review. Or based upon your understanding of Harvard, do you assume because she was a minority she was simply given that class standing?

Secondly, I would suggest listing school rankings based upon total graduate population in Fortune 500 companies is irrelevant. Number 18 means nothing when ranking total hires. In fact, I am a little surprised Harvard isn't considerably lower. You need to consider specific schools within those universities and especially total student body. I think it is pretty obvious that Mumbai, with half a million students and number three on your list, is not producing very many practicing US attorneys or MBAs but likely lots of engineers, software developers, and laboratory research specialists. As @Tanks correctly notes the Ivy League still represents a very thin layer of cream. In virtually all rankings of business schools or law schools Harvard will fit comfortably fit in the top ten. No graduate from there is going hungry.

I absolutely agree that Biden did her a huge disservice.

 

[wesheltonj]

I deal with a lot of lawyers in Texas. Large firm hiring in Texas is quite different then say NYC. First UT graduates are going to be hired first. Law Review is almost a guarantee of a job. Order of the Coif certainly is. Phi Delta Phi will get you at least an interview and perhaps a job.

At least in Texas, Baylor graduates are the most prepared for trial work. The rest of the schools do a good job turning out of tree killers, some better then others. I've found those from out of state "elite" schools, think that by graduating from there that they are the smartest person on the room, generally far from it. They usually are the least prepared, unable to answer the hard questioning from the bench (and generally some BS answer because they are unprepared). But they can sure bill their clients.

As far as Supreme Court qualifications. There is no requirement that you are a lawyer or prior judicial experience. She is qualified. Her opinions reflect her beliefs - a true believer. Unlike some others who change with the their party line.

 

[BSO Dave]

You are correct - I should. it is just, that something new and unignorable appears from your keyboard periodically. And do please check out how many times you use LOL in your posts.

I am well aware of how many times I have replied with "LOL" to someone's posts here... I honestly try and save it for when somebody posts something truly outrageous or ridiculous... How many times have I used it in one of your posts? I could be wrong, but I believe that was the first...

Do us both a favor and put me back on your ignore list...

I absolutely agree that Biden did her a huge disservice.

I never said Biden did her a huge disservice... You did... The disservice he did was to the rule of law in this country and to the integrity of the SCOTUS...

As far as Supreme Court qualifications. There is no requirement that you are a lawyer or prior judicial experience. She is qualified. Her opinions reflect her beliefs - a true believer. Unlike some others who change with the their party line.

I like and respect your opinions my friend, but you have posted a contradiction here... I personally think she is full of shit and a hypocrite like all the rest of the liberal progressives... However, if in fact, she is a true believer, she is absolutely unqualified based on the fact that she cannot be impartial, or a fair interpreter of the Constitution based on those true beliefs...

A true jurist of the SCOTUS is supposed to be able to put their biases aside and rule based on the law... That being said, we all know that is a fantasy... Every jurist that ever sat a bench lets their personal beliefs influence their decisions... Thank God the conservatives hold the majority on the SCOTUS for the foreseeable future...

 

[steve white]

What is up with the Big Beautiful Bill? Does the parliamentarian supposedly have line item veto power? Allowing illegal aliens Medicaid is a deal breaker in my book.

 

[Mekaniks]

What is up with the Big Beautiful Bill? Does the parliamentarian supposedly have line item veto power? Allowing illegal aliens Medicaid is a deal breaker in my book.

Here is a link to the Byrd rules....

https://www.congress.gov/crs-product/RL30862

 

[cwpayton]

I've hunted Colorado a few times over the years, including a Elk hunt pack trip into the Weminuche. Amazing area.
Even though I contracted Giardia and ended up sick as a dog, I'm glad I got to spend some time there.

Unfortunately the weminuhe wilderness area, at least the southern part burned a few years back, my son and I went down there and I couldnt even recognize some of my favorite spots. black and dead and down everywhere.

 

[cwpayton]

Yeah nice country. I hunt sheep down there.

Sheep mountain?, I got caught after dark on it , no light, experience of a lifetime trying to find a way down off the bluffs.