James Altucher:

Tesla's Roadster Jumped Five Cars at Its Unveiling, With No One Inside

Tesla (TSLA) revealed the next-gen Roadster, a flying electric sports car, at an event Thursday, and CEO Elon Musk said production will begin in 2028. The company gave no price for the car.

The event took place at a SpaceX test site in McGregor, Texas. In the demonstration, the car drove up a curved ramp and set itself down gently, then vaulted five additional Tesla cars with a spin in midair. Musk said the car carried no people during the stunts.

Tesla's timer showed the car going from 0 to 60 mph in under one second. Lars Moravy, Tesla's vice president of vehicle engineering, said the car lifts and spins using 10 thrusters fed by 600 liters of compressed air.

Tesla's website lists three versions of the car: Performance, Thrust, and Rocket. The Rocket version seats one, is invitation-only, and carries the disclaimer "Not approved for road use."

Tesla is accepting reservations for the car, requiring $5,000 at sign-up and a $45,000 balance no later than 10 days afterward, the company said on its website. Tesla described the first payment as fully refundable and said a reservation is not final until payment is received.

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Davis Wilson:

CoreWeave: The $50 Billion Problem

What's CoreWeave (CRWV)? And how is this single stock tanking the rest of the market?

CoreWeave is a builder and operator of massive AI data centers. It buys thousands of Nvidia GPUs, puts them inside data centers, and rents that computing power to companies that need it to build and run AI models. Business has been booming. CoreWeave has massive contracts with companies like Microsoft, OpenAI, Nvidia, and Meta.

But there's a catch. Building AI infrastructure is incredibly expensive. Before CoreWeave can collect years of revenue from these customers, it has to spend billions buying GPUs, securing power, and actually building data centers.

While companies like Amazon and Google can fund much of their spending with the enormous amounts of cash their existing businesses generate… CoreWeave can't. So it borrows. A lot.

For a while, investors were comfortable with that. AI demand was exploding. Then something changed. The cost of lending CoreWeave money started soaring. Some of the company's bonds are now trading at yields above 16%.

Fear is spreading across the AI trade. Investors are now starting to ask: What happens if the entire AI buildout becomes too expensive to finance?

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Chris Campbell:

Clonemageddon!

For 50 years, the software business ran on one idea: Code is hard to write and copy. That idea justified fat profit margins, sky-high stock prices, and the whole subscription racket. Lock the customer in. Raise the price. Repeat.

AI is repealing that idea.

When anyone can use AI to rebuild your product in a week – be it Adobe tools, streaming apps like Netflix, or Sony's video games – the product stops being worth as much. Of course, moats still matter. But the water's leaking out of most of them.

The value moves elsewhere. To whoever owns the physical machines, the computing power, the energy. And to the digital things that are truly scarce. To the things nobody can copy.

Wall Street still prices plenty of software companies as if the walls hold. For many of them, they won't. Every month the tools get better, the walls get shorter, and the people climbing over them get younger.

Big business wanted AI to cut costs and tighten control. They got half of that. The costs fell for everybody – especially consumers willing to get their hands a little dirty.

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