$TSLA The Model Y is the iPhone for retail autonomy! Still lots of hype…need to find the signal within all the noise… good week for Robotaxi last week…need to rapidly iterate!

Giga Texas Optimus factory construction update with 2 short video clips, one 360 at medium-altitude & a closer, lower flight showing tight views of the main steel structure! Ground work started in late March, with 1st steel on May 27. By 1 October, the frame was nearly at the north grade beam, large sections of upper floors were poured, & roofing insulation is arriving. The E side & the entire S half of the foundation have footings & grade beams, but no steel yet. The basic steel structure is ~ 40% assembled so far. This is the dedicated high-volume 7+ million sq ft (~ 650,000 sq m) Gen 4 Optimus plant. @Tesla has not given a standalone cost, but 2026 company capex was guided at ~ $20–25 billion for AI, robotics, & factory expansion; outside estimates put the broader N Campus at ~ $5–10 billion. This is in addition to the Fremont California Optimus plant (which is the Gen 3 pilot line) is sized at ~ 1 million units a year, expected to begin production in late 2026. The Giga Texas plant is 10X larger & has a planned capacity of ~10 million robots a year at full scale (a long-term ceiling, not the startup rate). The current target for limited initial production is late 2027. What is still ahead for construction over the next 6 to 8 months? Electrical conduit, water & sewage pipes, fire-water loop, storm water management drainage & underground pipes, exterior walls, roofing, ground slab & upper floor concrete & mechanical rough-in then equipment deliveries & installation. As you can see, lots of progress already, but there is a lot left to do before production line setup can happen.

The weather doesn’t bother the cabs

$TSLA This is the chart I use from IBD and it includes the financials! The green line on the chart that has been going down for many quarters is the eps line! Need that line to turn back up. The chart is still forming a base that is undefined. This week price retested the 10week ma and bounced off the delivery numbers. It’s an oops because it retook the low from the prior week…which helped save it this week. What we need to see is up days with higher volume than the day before or accumulation…tbd Like it over 400 long some.

Tesla will release its actual Q3 2026 production and delivery numbers in a couple of hours. The estimates: • My estimate: 463,000 • Analyst consensus: 461,974 (based on Tesla's survey of 24 analysts, known as the Company-Compiled Consensus, published on Sep 29)

The scale of SpaceX satellites is getting absolutely insane Each generation roughly doubles or more in deployed size Starlink V1.5: ~11 m V2 Mini: ~30 m V3: ~60 m AI1: ~75 m wingspan - first-generation orbital AI compute satellite

Nobody elected the European Commission, yet 27 commissioners sitting in Brussels write the rules that govern 450 million people's working hours, agricultural output, energy choices, and savings. This structure is deliberate; Jean-Claude Juncker admitted it in 2015: "There can be no democratic choice against the European Treaties." Translate that, and it means your vote changes the furniture but never the architecture. National parliaments debate within a cage the Commission built. The EU's regulatory burden costs European businesses an estimated 146 billion euros annually, according to the Commission's own impact assessments. Germany's industrial output fell 12 percent between 2022 and 2025 partly because Brussels energy policy made manufacturing uncompetitive against American and Chinese producers operating without those constraints. Meanwhile, the Common Agricultural Policy funnels 57 billion euros per year into subsidies that reward large landowners and price young farmers out of entry. Prices coordinate information across millions of people better than any committee. When Brussels mandates energy price caps, timber quotas, or pharmaceutical approval timelines, it destroys the signals producers and consumers need to allocate resources correctly. Shortages follow. Then the Commission proposes new regulations to fix the shortages its previous regulations created. The compounding is the point. Each intervention generates a visible failure, which bureaucrats cite as justification for the next intervention. Ludwig von Mises described this interventionist dynamic in 1929. Nearly a century later, Brussels runs the same playbook, and Europeans pay the higher prices it produces.

$TSLA RoboTaxi was expected to generate revenue this year, instead its dragging down cash flow and eps. I have no problem with autonomy taking longer to develop….I’d say from 1Q24 (video in to controls out) we are just now coming up on 3 years on 3 full iterations of autonomy and Cybercab is the 2nd iteration. Based on past history Raptor3 engines it takes 3-5 years to go through the 3 iteration and that’s an aggressive time line. The issue is with Elon aggressive goal to motivate his people and the fanboy who proclaim all we need to do is throw the next “light switch” and the stock price will be at $6000! Just saying…tbd Hopefully the S-curve will start for RoboTaxi by 1Q27…that would be a 1 year slip to a schedule that was not realistic…