• 28 Posts
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Joined 3 years ago
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Cake day: June 14th, 2023

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  • So, funny story, this is the sixth South Korean President to come under indictment.

    Recent and Notable Imprisonments:

    • Yoon Suk Yeol (Served 2022–2025): Sentenced to life in prison in February 2026 for leading an insurrection after briefly imposing martial law in December 2024.
    • Park Geun-hye (Served 2013–2017): Impeached, removed from office, and sentenced to 25 years for corruption and abuse of power.
    • Lee Myung-bak (Served 2008–2013): Sentenced to 15 years for embezzlement and bribery.
    • Chun Doo-hwan (Served 1980–1988): Convicted of mutiny, treason, and corruption in 1996.
    • Roh Tae-woo (Served 1988–1993): Convicted of treason, mutiny, and corruption, serving over two years.
    • Roh Moo-hyun (Served 2003–2008): Committed suicide while under investigation for corruption.

    Almost every living former leader since the 1980s has been jailed, marking a pattern of post-presidential legal proceedings

    Cool that these officials do get prosecuted. But maybe we should consider how they get elected to begin with.





  • While most hybrids are said to use one to two litres of fuel per 100km, a study claims they need six litres on average

    I can say from personal experience that my Chevy Volt gets around 40-60mpg when it kicks over to gas. That said, it rarely does, because my daily commute comfortably inside the battery’s range.

    Until now it has been claimed by manufacturers that the vehicles used only a little or almost no fuel when in the electric mode. The studies showed that this was not in fact the case.

    Again, I’ve got a tank of fuel from… several months ago? Barely 7 gallons and it hasn’t run out. Like, I almost never visit the gas station anymore. So, idk. Maybe the Volt was just built better.




  • there’s zero evidence that anyone can actually produce hyper-advanced automation

    There’s plenty of evidence (Waymo, for instance, or Xaiome) that companies can produce “good enough” advanced automation. Tesla’s just not the guy to make it happen. Same with AI. Very possible to produce useful tools (Alibaba’s Deepseek, Insilico Medicine’s Pharma.AI, etc) with LLMs. Sam Altman’s just not doing it.

    Ed Zitron is completely correct, but he’s also making exactly the same argument I am; that these people cannot actually achieve the technological revolution they are promising.

    Zitron’s heavily focused on the economics. Specifically, he’s fixated on the cost of running the American data centers relative to their prospective future revenues and profit horizons. He’s not even “anti-Tech” relatively speaking. He’s just reading balance sheets and doing basic math on depreciation rate of hardware to conclude the current business models won’t work.

    This isn’t to say it can’t happen. It’s to say these businesses won’t make it happen.

    The problem is not how they’re pricing the outcome

    This is where we’re in disagreement. They’re pricing their outcomes totally wrong, even in their self-proclaimed “best case scenario”. That’s leading them toward malinvestment - heavy spending on hardware and brute force algorithms. Marginal investment on material applications and workflow integrations that benefit anyone.

    This isn’t a probability problem where they can luck into a multi-trillion dollar windfall.




  • they’re evaluating it as a software company, not a car company.

    That still doesn’t justify the valuation. Tesla’s market cap is 3x Oracle’s, ffs. It’s half of a Microsoft. No software they produce can justify this valuation.

    Palantir and NVIDIA have the same hyper-inflated position. Nothing in their projected revenue figures can explain their company’s valuation, unless you’re just hand-waving and predicting 10-20x growth over the next decade.

    Tesla is easily the single best demonstration of how fucked our economic system really is. That a company can so blatantly lie, over and over, about what their products can actually do, and somehow continue to see their share price increase tells you everything you need to know about how utterly fictitious the entire notion of the stock market is.

    Warren Buffet definitely gearing up to print off another deck of “Fell For It Again” awards. Only question is when they get handed out.


  • Tesla global sales by year compared to Ford and Toyota

    The incredible thing isn’t the slight down tick in sales last year (on par with most international car companies), but that Tesla has a market cap that exceeds both of these mega-manufacturers despite being dwarfed in both assets and revenues.

    On paper, they have so much farther to fall than what these short term sales shortfalls imply. But then this is a car company that’s defied gravity for a decade. Consider that each vehicle Tesla sells reflects $700k - $1M in market cap. On a $60k-$110k vehicle.

    All their valuation is predicated on future predicted returns on the technology rather than current sales figures. And I don’t know when that will actually change.