“The combined SpaceX/Tesla group would be worth about $3.6tn at current prices, putting it among the world’s five most valuable companies. But it would also have negative free cash flow of at least $54 bn with Musk’s spending plans growing by the day.” 👇🏼 ft.com/content/e598bbc7-8211…

$TSLA updated an old friend. $1.5trn market cap. $2bn cumulative core FCF since inception (red bars). Best described as a $100bn run-rate revenue science project that never has and never will make money.

META Erases Most Afterhours Gains After CFO Warns "Significant Investment" Will Raise Serving Costs zerohedge.com/markets/meta-j…

Meta needs to raise hundreds of billions of dollars over the next “several years” starting “as soon as fall 2026” and that the company can sell $700 billion in equity before Zuck loses control

$META debt and liabilities explode to $900 billion. Nearly doubling from last quarter. This company is set up for bankruptcy VERY soon. Nearly matching $GOOG debt and liabilities at $1 trillion with nowhere near the income to pay for it. $30 billion of additional net income for 30 years would be needed just to break even here.

Breaking News: Tesla’s profits slumped as the company poured resources into self-driving cars, humanoid robots and other new technologies. The report comes a day after Elon Musk said he is considering merging Tesla with another of his companies, SpaceX. nyti.ms/47tF90j

Meta's Reality Labs unit lost another $4.1 billion in Q3, bringing its cumulative losses since 2020 up to $92 billion. We've never seen a public company light money on fire to this extent. $META

This BC election isn’t about choosing sides. It’s not about ideology or emotion. It’s about taking a clear eyed look at what it will take to make BC the most prosperous province it can be. Prosperity benefits everyone. It means better healthcare, stronger education, better funded social services, and a higher quality of life for everyone fortunate enough to call this beautiful province home. After nearly a decade in power, the NDP’s record deserves serious scrutiny. We’ve gone from budget surpluses to substantial deficits, while British Columbians continue to face serious challenges in healthcare, affordability, and education. It’s time for a change in leadership and a fresh perspective on how we move this province forward. Any incoming government should be held to the same standard. Its policies should be scrutinized, its promises measured against results, and its leaders held accountable. Ultimately, this shouldn’t be about loyalty to a party. It should be about demanding better outcomes for British Columbians. BC deserves a prosperous future. Let’s focus on what it takes to build one. Make sure you get out and vote on October 24.

His genius is stock pumping. The case behind that line runs about four hours. MUSK is in theaters nationwide.

Breaking news: Meta plans to create a new class of non-voting shares, allowing it to sell stock to fund its AI spending without diluting Mark Zuckerberg’s control of the company. ft.trib.al/0PmojJ4