Tesla Takes a Hit—But Why?
Alright, so let’s talk about the chaos that just went down. Tesla, Bitcoin, and the market freakout. Tesla took a hit. Crypto took a nosedive. And somewhere in the middle of all this, people are trying to figure out if Elon Musk is a hero, a villain, or just the guy who made it socially acceptable to name your kid after a WiFi password.
What Triggered the Sell-Off?
So, what actually happened? Tesla dipped below $300 for the first time in forever, which obviously sent X (because we don’t call it Twitter anymore, apparently) into a full-blown meltdown. Matt and Bradford saw it coming. Maybe you did too. But what triggered it? Turns out, it wasn’t just one thing. There was a crypto selloff, some macroeconomic panic, and the general market doing that thing where it freaks out for no apparent reason.
Bitcoin’s $1.5 Billion Disaster
But the real fun starts when we zoom out. Let’s talk about Bitcoin’s latest acrobatics. It got hammered, which isn’t shocking, but the kicker? There was a $1.5 billion Ethereum heist. Yeah. Apparently, some North Korean hackers (allegedly) found a backdoor and walked off with a small country’s worth of digital cash. And now Ethereum is in this awkward spot where they either roll back the blockchain to undo the theft—thereby proving it’s not as “decentralized” as it claims—or they just take the L. Either way, the trust factor took a hit.
The Tesla-FSD China Surprise
Now, back to Tesla. FSD is officially in China, and while we were all expecting some kind of grand announcement, it kinda just… showed up. Surprise! But let’s be real, it’s not quite at U.S. levels yet. There are videos of it kinda just blowing through red lights like it’s late for a job interview. Not exactly confidence-inspiring, but hey, first drafts are never perfect. The weirdest part? Tesla supposedly trained this version of FSD just by watching internet videos. Yeah, not even using real-world Tesla data from China, just clips from YouTube or whatever their equivalent is over there. Let that sink in.
CyberCab and Tesla’s Big Move
Then there’s the whole CyberCab situation. Tesla’s hiring engineers for it, but the rollout is gonna be tricky. Cities have restrictions on how many robotaxis can flood the streets at once. So Matt had this thought—why not ramp up production early with a human-driven version of the CyberCab, kinda like a Model 3 or Model Y but… not? That way, when autonomy is finally good to go, Tesla can just flip the switch and flood the streets with self-driving cars instead of scrambling to ramp up production. Makes sense, right?
Macro Panic: Powell, Buffett, and the Fed’s Next Move
But of course, the market doesn’t care about any of this right now. It’s too busy freaking out about macro stuff. M1 money supply is rolling over, which historically means asset prices could be in for some pain. Warren Buffett is hoarding cash like it’s the apocalypse. And there’s a growing sense that the Federal Reserve should be cutting rates… yesterday. But Powell is sitting there like a tenured professor who can’t get fired, doing whatever he wants.
Lemonade’s Wildfire Scare—Not As Bad As Expected
Back to Lemonade for a second because this one’s wild. The big worry was their exposure to California wildfires. Some doomers were saying it could bankrupt the company. Spoiler: it didn’t. The actual hit? Around $45 million—way less than the $100 million worst-case scenario. And get this: Lemonade settled hundreds of claims in hours while the fires were still active. Insurance companies don’t do that. Usually, they drag their feet and make you prove your house burned down six different ways before sending you a check. Not Lemonade.
Tesla, Bitcoin, and the Market Freakout
So where does this leave us? Tesla’s down but not out. Crypto’s wobbling but still kicking. The market’s in a mood. And Elon Musk remains the most polarizing man on the planet. Feels like just another Tuesday.
What’s next? Well, we’re keeping an eye on Tesla’s compact car plans, the China FSD rollout, and whatever insane macroeconomic moves are coming. If Powell ever wakes up and cuts rates, maybe we’ll see a turnaround. Or maybe we’ll just keep watching FSD videos in Mandarin and hoping Tesla doesn’t blow through any more red lights.
Either way, we’ll be here for it.
תגובות