Elon Musk says he'll give one #SpaceX share to every child in America next year. ~72 million kids. Friday's close was $146. That's about $10.5 billion. Existing shareholders don't get diluted. The shares come out of his own holding, not from new issuance. The part nobody explained: how. His founder shares are locked up until June 2027. $SPCX

France just had its worst night of unrest in years, and the president went on TV tonight. 550,000 protesters, per authorities (organisers say 800,000). 2,300+ arrests. Limoges city hall burned. No state of emergency. No curfew. Here's what Macron said 🧵

Everyone loves a rate cut. But cheap money creates winners and side effects at the same time. Here's the full map 🧵

A rate hike is a single decision. Its effects hit 5 places at once. Here's where the pain and the winners show up 🧵

Central banks don't cut because the economy is weak. They cut when 4 things line up. The mirror image of the hike checklist 🧵

Central banks don't hike because inflation is high. They hike when 4 things line up. Here's the checklist 🧵

German Humor Deutsche Bahn just posted a $TSLA #Roadster reveal parody. New coffee machine. A bit stronger than expected. They put an ICE train on rocket thrusters and called it an equipment upgrade. The caption notes that, alongside safety and cleanliness, the coffee machines are also running at full speed.

🚀 Tesla Roadster 🚀 Ferrari, Lamborghini, Bentley, Maybach, Rolls-Royce

The Futur of $TSLA

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AI and Mathematics I recently read an interview with Peter Scholze, the 2018 Fields Medalist, in Spiegel. What struck me was the idea that the criteria for “difficult mathematical problems” are changing. I saw this as a positive development. Even if AI can solve today’s open problems, new problems that AI cannot solve will also emerge in the future and that is where human intelligence will still be needed.