It will certainly be interesting to write the obituary for 2025. Given that there's one month left in this fiscal year (plenty of time for lots to take place), I wouldn't be surprised to either see an incredible Santa Claus rally materialize into year end, or a continuation of some of the bearish momentum we've seen build form into a full-blown market selloff as investors reposition their portfolios for more downside as this AI selloff continues.
Dr. Michael Burry has been quite vocal of late, thanks in part to the launch of his "Cassandra Unchained" commentary on Substack, which may very well allow the contrarian to be heard like never before. Undoubtedly, Dr. Burry is being heard loud and clear of late, with his commentary surrounding the state of the AI bubble and his bearish stances on a number of overvalued companies that have been driven higher on euphoric AI hopes.
The $1 trillion pay package for CEO Elon Musk that Teslashareholders approved on Nov. 6-the world's first-was labeled by the board as an exemplar of pay for performance. And at first glance, the program appears to fit that description in a big way: The hurdles it establishes for Musk to receive any compensation at all, let alone achieve the maximum 13-digit payout, appear the ultimate in stretch goals. Skeptical observers might wonder: "How could anyone be motivated by targets this seemingly unachievable?"
IF Metall's latest notice ordered a full work stoppage for all Tesla-related activity at Allround Lack. With the blockade in place, paint jobs on Tesla-owned vehicles, factory-warranty repairs, and transport-damage fixes, will be effectively frozen, as noted in a report from Dagens Arbete. While Allround Lack is a small paint shop, its work with Tesla means that the blockade would add challenges to the company's operations in Sweden, at least to some degree.
If Elon Musk achieves certain benchmarks for Tesla over the next decade, he gets a $1 trillion bonus. While unlikely Tesla gets there, a trillion is kind of a lot, especially for one person. But our human brains aren't great at imagining numbers at that scale. So, for the Washington Post, Alyssa Fowers and Leslie Shapiro scaled a trillion by total U.S. workers in a given job.
The decomposed body of Rivas, 15, was found in September in the front trunk of a black Tesla registered to D4vd, whose real name is David Anthony Burke. The car had been ticketed in a Hollywood Hills neighborhood and then impounded in a tow yard in Los Angeles. Rivas likely died in the spring, police told NBC4 Investigates, adding that D4vd had likely helped in dismembering and disposing of the body.