High load in the day during sunlight is mostly true for summer heat, but in the winter you have cold evenings which requires base load or storage, combined with solar angle/efficiency being worse in the winter.
2,207 karma · joined April 2, 2009
It is most likely AI generated with a nice "Raised $50B" hallucination and filled with cliches ("thrown down the gauntlet", "mountain you don’t climb just once", "not for the faint of heart").
See the chart halfway down here:
https://blog.thermoworks.com/coming-heat-effects-muscle-fibe...
https://a16z.com/where-have-all-the-ipos-gone/
Regulatory compliance like Sarbanes Oxley is another huge factor. And VC's having large capital pools make it easy for companies to stay private vastly longer without needing to raise funding from the public.
It's very unfortunate for the public markets, as basic only VC's and PE get access to high growth young companies. Now most of the growth is squeezed out by the VC's and the public gets just the tail end of mature companies.
Although this is a clear case of self-dealing by Musk.
I'm guessing tax liability is mostly a wash, as if you are taxed as an S-Corp, you pass through the profit into personal income and pay income tax on that.
For example, here are his employment/hiring docs: https://squareoneforms.com/
This is a huge burden on the electrical grids, and Tesla or EV's get to hand that problem to someone else.
The only way this makes sense at scale is if we had nuclear power, and charging was done at night.
For example, threads.net/@quiverquantitative
These are similar metal composition to cast iron, where you can season them with oils, but are forged (ie pressed) into shape, rather than cast. So you get a smooth surface, which is easier for non-stick use and lighter weight.
Carbon steel are better for eggs, omelettes, etc, but cast iron are often better for steaks/meats, because they retain heat better. There are tons of videos on Youtube if you are curious.
This is akin to selling a calibrated 1 kilogram cube of lead, with a precision of 1 nanogram and specified purity, for $1000. You are not just buying an overpriced $3 block of lead, but one that can be precisely used for calibrating machines, equipment, or processes.
Yes, Kirkhorn "will continue to serve Tesla through the end of the year to support a seamless transition", but this reads as a rush notice.
His IR page is also gone:
Here's one of the interviews:
https://www.oneowltelecom.com/
And the LinkedIn profile is gone:
For example, this Starlink was predicted for re-entry a few hours before, on March 11.
https://aerospace.org/reentries/starlink-2350-id-47890-reent...
This is the definition of Moral Hazard [1].
Every company who has deposits there are going to wire it out once reopens. You can't make money if you have no deposits.
So the message is: "Please shore up and reopen SVB, so we can get our funds out. Then you can shut it back down."
Often this is "two and twenty" (aka 2% annual carry, plus 20% of the gains). Pretty awesome skimming.
However, it is completely one-sided toward the buyer (ie GitLab).
As a seller, I'd be wary of going through even a fraction of the pre-term-sheet diligence and disclosure, without getting to a ballpark on acquisition price (or price methodology) beforehand.
Also, they don't mention, but having escrow set up as an insurance in case the acquirer backs out also seems necessary (ie % of the deal held with third party). Otherwise you are basically giving away all your company secrets and time, and if they back out, you get nothing.
I'd guess YCombinator has something equivalent from the seller side. It would be great if they shared their M&A handbook at some point in the future, although I understand it's probably considered "secret sauce".
That's a big sanction.
It’s a great idea, given most municipalities have hard water.