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bjl

801 karma · joined May 4, 2017

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bjl··on Another Tesla on autopilot steers towards a barrier
All the other people on the road are having autopilot forced on them by reckless early adopters.
bjl··on Another Tesla on autopilot steers towards a barrier
Not to mention the fact that, if they're software screws up and kills you, they'll rush to to Twitter in an attempt to smear you using personal data and deceptive statements.
bjl··on Elon Musk: SpaceX and Tesla almost went bankrupt in 2008
TSLA has a ton of retail investors, which definitely helps prop up the price, but there are definitely institutional investors as well. Everything is expensive these days, so one of the few ways to generate alpha is to buy the right 'priced to perfection' companies, and for some reason (that I personally can't comprehend) TSLA has a lot of savvy investors going long.

That being said, the short interest on this stock is incredibly high, making it very pricy to bet against the company.

bjl··on Elon Musk: SpaceX and Tesla almost went bankrupt in 2008
I don't know about SpaceX (since they're private), but anyone who can read a quarterly report knows that TSLA is one downturn away from becoming insolvent. Their last bond issuance was well into junk territory, and the cash burn means they'll be forced to raise more money sometime this year. If cash becomes harder to come by they're in real trouble.

It doesn't help that they seem incapable of ramping up Model 3 production.

bjl··on Ethics can’t be a side hustle
If its god or nothing, then how do you explain the fact that most philosophers are both atheists and moral realists?
bjl··on Ethics can’t be a side hustle
Except not all viewpoints are valid or true. If (as a vast majority of philosophers think) morality is objective, then those people are simply wrong about what is ethical/unethical.
bjl··on Flight Sim Company Embeds Malware to Steal Pirates’ Passwords
> Not sure if that can get employees into trouble in case of a criminal investigation

Hopefully they can. We need to make it clear that 'just following orders' is no excuse for criminal behaviour.

bjl··on Sex and STEM: Stubborn Facts and Stubborn Ideologies
Yes, parroting debunked anti-Semitic conspiracy theories is anti-Semitic.
bjl··on IOTA: Cannot be used for IoT, loss of funds may occur
It kind of is, since this functionality should've shipped with the wallet, like it does with every other crypto.
bjl··on Revisiting the Risks of Bitcoin Currency Exchange Closure [pdf]
Insurance is a form of security.
bjl··on Revisiting the Risks of Bitcoin Currency Exchange Closure [pdf]
I didn't realise hardware wallets were FDIC insured.
bjl··on Revisiting the Risks of Bitcoin Currency Exchange Closure [pdf]
Source? Because on the face of it that's laughably untrue.
bjl··on Baltimore Cops Kept Toy Guns to Plant Just in Case They Shot an Unarmed Person
If it was only a handful of malefactors, then the rest of them should be forcing the bad apples out quickly, and calling for justice. The fact that the vast majority of police officers remain silent lends some credence to the generalisation.
bjl··on GDPR and Google Analytics
So just don't do internal analytics. Or, if you feel you must, ask consent first. Easy peasy.
bjl··on GDPR consent design: how granular must adtech opt-ins be?
Then don't do business with EU citizens/residents.
bjl··on Tesla's Model 3 volume production target pushed back again
>...what tesla is seeing internally, vs "public expectation" what tesla is telling the press.

If TSLA's 'private expectation' don't match what they're targeting, then Musk will be going to jail. The SEC doesn't mess around with that type of securities fraud.

bjl··on Tesla's Model 3 volume production target pushed back again
> ...no problems with the bond/credit markets.

That's simply not true. Their last bond issuance was well into junk bond territory, its unlikely they could issue another round without entering into insolvency.

Tesla's only option, should they need cash, is to issue more equity, which has its own set of problems.

bjl··on E Pur Si Muove
In other words, one of the least respected books in modern historical scholarship.
bjl··on How to Read Mathematics
Plenty of humans can read formal mathematical notation just fine.
bjl··on The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market
Left-libertarians definitely find property law coercive.
bjl··on Goldman Sachs Plans to Clear Bitcoin Futures When They Go Live
The futures are cash settled, none of the futures exchanges need to own any bitcoin at all.
bjl··on Steam is no longer supporting Bitcoin
Regarding penny stocks, this does happen all the time, although its expressly illegal (look up boiler room scams).
bjl··on Tesla Roadster
That's because the actual ones can't make that time.
bjl··on A deal that let hundreds of IS fighters and their families escape from Raqqa
The vast majority of people killed in Syria were not terrorists.
bjl··on Tesla's head of battery engineering exits
Except that they use wildly different accounting practices than the rest of the industry to make their numbers look better. For example, they don't include the cost of R&D (like every other manufacturer does), and they use retail price instead of wholesale price when calculating margin.

If you use the correct numbers, their margins are significantly lower than the rest of the industry.

bjl··on Tesla posts big loss, cuts production of Models X and S to catch up on Model 3
Note that Tesla has not offered an explicit license for those patents, so there's no guarantee that companies using the patents won't get sued. It was a pure PR stunt.
bjl··on Tesla posts big loss, cuts production of Models X and S to catch up on Model 3
Then you might never get it back.
bjl··on Waymo Will Test Self-Driving Cars in Snowy Detroit
And blind corners, and police directing traffic.
bjl··on Patterns of Death in the South Still Show the Outlines of Slavery
Penal labor is coerced, unpaid labor which is by definition slavery.

What you're referring to is chattel slavery.

bjl··on Patterns of Death in the South Still Show the Outlines of Slavery
The 13th Amendment explicitly legalises slavery as the punishment for a crime, and its used all the time.
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