Joined August 2013
- Tweets 118
- Following 38
- Followers 17
- Likes 97
1 Photos and videos
May 19
iT’s A bUbBLE!
Insatiable demand, cranking more code in an hour than my team could do in a month.
Don’t listen to the FUD!
11
May 9
On a 7 hr roadtrip yesterday. No one gives an F about gas. Roads were full and people were driving 80 on the freeway.
22
Apr 19
It’s so nice not having to see Kristi Noem’s face plastered all over at TSA
2
29
People reply to my posts about $RIVN with this graph as if this is the “end all be all” proof that Rivian will not ever be successful. That take is INCREDIBLY DUMB! Here’s why:
1) what this chart shows is how much cash each company has generated from when they started. The problem is that the chart implies that a company that is in the negative is “in the whole” or is in debt and needs to pay this money back. Nope. That’s not how this works. Most of what each company has spent is from money investors put into the company, not debt.
2. What that means is that the minute the line is flat (not even moving up), the company has hit “break even” from a cash flow perspective. If you notice Rivian is close to getting there! It’s no longer burning tons of cash. If the line starts to move up, it means the company is generating cash, even if it’s way below the 0 mark. This is not understood by most and is super important!
3. Past cash burn is not indicative of future cash burn. People used this exact same argument to say “Tesla has burnt more cash than any company and will never succeed.” Yet look at what happened to Tesla’s line. It became a cash generating machine.
4. But ironically the best time to have invested in $TSLA was when that red line was at the lowest point! You would’ve had 20-40x returns if you invested there rather than in the past 4 years, where your average return would have been 0!
42
8
118
17,333