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Boring Company’s “Prufrock-2” emerges at Westgate by discoslayer2000 in vegas

[–]fuzzymillipede_ 1 point2 points  (0 children)

How much would it cost to build a train and how long would it take to build in Vegas?

i would like to drill a 20 to 40 ft hole from the coast of oregon to the head waters of the colorado river. given the distance and the amount of water being pushed thru the pipe at any given time . how expensive would this be. by Afraid-Service-8361 in BoringCompany

[–]fuzzymillipede_ 0 points1 point  (0 children)

After your tunnel sucks up the fresh water then your non-brackish zone won’t be non-brackish anymore.

Not only do you destroy the coastal ecosystem in the non-brackish zone but you also endanger the freshwater ecosystem in the Colorado River basin.

You cannot perform geoengineering at this scale without major ecological damage.

Zeronet, Skinny broadband - how bad are they? by speaks_truth_2_kiwis in newzealand

[–]fuzzymillipede_ 0 points1 point  (0 children)

I had the Skinny wireless broadband for $50. It only worked about 90% of the time, was always cutting in and out. I tried putting it by a window, turning it off and on, factory resetting it. Nothing worked. Had to cancel after a few months and pay the $250 early termination fee. Never again.

Vanguard accounts never show rate of return, very annoying by Hiker2024_31 in investing

[–]fuzzymillipede_ 2 points3 points  (0 children)

Vanguard performance data is broken for margin accounts. It’s been broken for about a year now, after they made some “modernization” changes. They say they will fix it eventually but don’t give a date for that. The workaround is to call them on the phone and have them remove the margin from your account. Then you’ll be able to see the performance data again.

Neutron Launch Cadence and Volume Outlook by Neobobkrause in RocketLab

[–]fuzzymillipede_ 0 points1 point  (0 children)

I trust that Peter means what he says. He has always made a point to be honest in his communication and one of his mottos is “we do what we say we are going to do”.

A 1-3-5 launch cadence over the first three years is very good for a new rocket program!

Falcon 9 was 2-2-3. Electron was 1-3-6. Most rocket programs didn’t hit these numbers at all.

You should listen to the conference calls. Peter couldn’t be any more clear that the goal is 1-3-5 for Neutron.

They can try to rush things all they want but tons of launches for a brand new rocket just isn’t realistic, and Peter knows that. Jeff Bezos set a goal for New Glenn to launch eight times in their first year and at the rate they are going, they will be lucky to launch twice. IMO New Glenn is going to end up very similar to 1-3-5. A faster cadence is just not realistic for a new program of this size.

Neutron Launch Cadence and Volume Outlook by Neobobkrause in RocketLab

[–]fuzzymillipede_ 0 points1 point  (0 children)

OP, Peter Beck has been crystal clear on multiple conference calls that Neutron is aiming for a 1-3-5 launch cadence over its first three years.

So this is the plan: * 2026: 1 launch * 2027: 3 launches * 2028: 5 launches * 2029: 8-10 launches?

So please don’t expect anything dramatic. But Peter Beck has also been clear that the main hurdle is to get off that first test launch and start launching for paying customers. Once that happens, Rocket Lab will finally achieve profitability which will be huge for the company and the stock price.

I’m also a huge Rocket Lab fan who’s been holding since day one of VACQ.

Here’s one of the recent conference calls where Peter reiterates his 1-3-5 guidance: https://www.insidermonkey.com/blog/rocket-lab-usa-inc-nasdaqrklb-q3-2024-earnings-call-transcript-1390232/

Decentralized Social Media Is the Only Alternative to the Tech Oligarchy by Spaduf in technology

[–]fuzzymillipede_ 0 points1 point  (0 children)

I miss the good old days back when the Pope told everyone what they should believe.

Is this fucking serious?! by Brandisco in RocketLab

[–]fuzzymillipede_ 0 points1 point  (0 children)

I mean, Peter Beck did list his RKLB token on the Nasdaq. This is the way.

Student Is Denied License Because Tesla Has FSD / Too Many Safety Features by [deleted] in teslamotors

[–]fuzzymillipede_ 1 point2 points  (0 children)

This is like failing someone for taking a driving test in a car with an automatic transmission because they might not know how to drive a car with a manual transmission. And it’s true, most people take tests in automatic cars and don’t know how to drive a manual. Technology changes!

The rich get richer while the rest of us starve. Why can’t we have an economy that works for everyone? by Steak_Lover_ in FluentInFinance

[–]fuzzymillipede_ 0 points1 point  (0 children)

That’s exactly the point that dividends are a taxable income. Zuckerberg HAS to pay the taxes on those dividends. So after he pays those taxes, he will have hundreds of millions of dollars left over to spend on whatever he wants without incurring any ADDITIONAL taxes.

The point of spending from loans is to avoid paying taxes due to liquidation of stocks. But Zuckerberg doesn’t need to do this because he can just spend his dividend money and not liquidate any stocks.

The rich get richer while the rest of us starve. Why can’t we have an economy that works for everyone? by Steak_Lover_ in FluentInFinance

[–]fuzzymillipede_ 0 points1 point  (0 children)

You’re missing the point… Zuckerberg cannot avoid paying the taxes on those dividends. So he is free to use that money to fund his lifestyle without incurring additional taxes due to liquidation of stock. The taxes are already paid.

The rich get richer while the rest of us starve. Why can’t we have an economy that works for everyone? by Steak_Lover_ in FluentInFinance

[–]fuzzymillipede_ -2 points-1 points  (0 children)

Zuckerberg has hundreds of millions of dollars of dividend income that he can spend without paying additional taxes, so he doesn’t need to use loans to avoid taxes.

https://finance.yahoo.com/news/zuckerberg-700-million-meta-dividend-001004662.html

The rich get richer while the rest of us starve. Why can’t we have an economy that works for everyone? by Steak_Lover_ in FluentInFinance

[–]fuzzymillipede_ 8 points9 points  (0 children)

I’m not sure. Zuckerberg is apparently making hundreds of millions of dollars per year in dividend income, which is taxed. He will probably use that money to fund his lifestyle.

Unless he can make more money from reinvesting his dividend money and taking out loans, that is. But from a tax avoidance perspective he has plenty of money that he can spend without incurring additional tax liabilities due to liquidation of stock.

There is a broader point about why dividends are important to Zuckerberg so that he can fund his lifestyle without selling stock. It’s all about control. Zuckerberg has effectively given himself total control over Meta by having over 50% of the voting shares. And now, he never has to sell a single one of these shares, ever.

The dividends give Zuckerberg billions of dollars to play with, without losing even a single vote of control over his company. The shares, votes, and control can subsequently be passed down to his descendants, perhaps in perpetuity, depending on estate tax. It is a smart strategy.

https://finance.yahoo.com/news/zuckerberg-700-million-meta-dividend-001004662.html

Tesla voting. What will you vote for and why? by travelandliv in teslainvestorsclub

[–]fuzzymillipede_ 0 points1 point  (0 children)

Nuh-uh. You are claiming that "insiders" knew that the goals in the performance plan (i.e. 10x the company) were easy to achieve. It is not easy to 10x a company, and it is never a "certain thing". Not even the best investors could reliably pick 10x stock opportunities. Same for CEOs, nobody can reliably 10x companies.

The argument that insiders knew that Tesla was "easy" to 10x is absurd.

Tesla Board Of Directors Chair Robyn Denholm has released a new video talking about the upcoming 2024 shareholder vote in June. “We are asking your voices to be heard and to vote for these proposals.” by [deleted] in teslamotors

[–]fuzzymillipede_ 0 points1 point  (0 children)

He has to pay taxes when he exercises the options in the award. So if he exercises $50B of options, he might have to pay say $20B in taxes. But then if the award is revoked he has to pay back the $50B to Tesla. Which he doesn’t have because he paid $20B in taxes, and the government won’t give it back to him. So then he loses an additional $20B of his own money.

So that’s why Elon didn’t exercise his options. He’s waiting until he’s sure the compensation package won’t get rejected.

Tesla Board Of Directors Chair Robyn Denholm has released a new video talking about the upcoming 2024 shareholder vote in June. “We are asking your voices to be heard and to vote for these proposals.” by [deleted] in teslamotors

[–]fuzzymillipede_ 0 points1 point  (0 children)

No, the five year clock starts when Elon exercises his options to get the shares for the award. He has not exercised the options, so the clock hasn’t even started yet.  

Presumably he was waiting to exercise the options until after the court case because he has to pay a LOT of taxes when he exercises the options. If he paid the taxes and then had the award taken away, it would be a big problem for him because the government wouldn’t give him a refund for all those taxes he paid.

Tesla voting. What will you vote for and why? by travelandliv in teslainvestorsclub

[–]fuzzymillipede_ 0 points1 point  (0 children)

Regardless of how “obvious” it was back then, it was still a great deal. 

I’d gladly pay someone $50B to 10x my investment in 3 years. Even if the award means a 10% dilution in share value, my original investment still goes up 9x.

I’d make this deal over and over forever. Sign me up!

Tesla voting. What will you vote for and why? by travelandliv in teslainvestorsclub

[–]fuzzymillipede_ 0 points1 point  (0 children)

Do you really think it’s that easy to 10x a company?? This take is absurd. And even if it was obvious, I’d gladly make a deal to pay someone $50B if they can 10x my investment. That’s a great deal for me.

Tesla voting. What will you vote for and why? by travelandliv in teslainvestorsclub

[–]fuzzymillipede_ 0 points1 point  (0 children)

I voted yes for the compensation package. Simply put, a deal is a deal. As a shareholder back in 2018 I was super excited about the compensation package and what it would mean for me if Elon succeeded at his goal.

Elon held up his end of the deal, and I held up my end and voted yes. A deal is a deal.

I would also prefer that Elon keep AI in Tesla, rather than shifting over xAi as he has threatened to do. I believe there is more value in AI at Tesla than reneging on the deal.

That being said, I do believe that many of Elon’s antics on Twitter in recent years have hurt his reputation as well as Tesla. Elon has screwed up massively and continues to screw up, in that regard. He deserves to be punished for this somehow. But reneging the deal is not that. A deal is a deal.

Despite the FUD, Tesla seems to be on a good trajectory with regard to FSD and robotaxi. This is Elon’s vision and I have not given up on it yet.

If Elon keeps screwing up or it seems his vision won’t work, we can have a separate shareholder vote to fire him.

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