Elon has lost a lot recently, but so has everyone else:

Buffett Boys rise up!!

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jim order up

@jim Thanks, I took most of it

@TimothyJohnson5c16 u realise this is just the start

@jim Maybe, but even if TSLA drops 50%, Elon will still be ahead.

@jim His stake in SpaceX is larger: https://sherwood.news/tech/elon-musks-spacex-stake-is-now-worth-more-than-his-tesla-shares-on-paper/

@TimothyJohnson5c16 frankly I think this is looking bad for me. My thesis was that Elon's wealth would stagnate and others' would rise sharply. But if xAI keeps crushing then that won't happen

@jim I need to think about it more carefully TBH, rather than going off of vibes. But I did some forecasting last night about AI revenues at EOY and arrived at very big numbers.

@jim Hmmm, I still think it will take longer before AI starts generating lots of revenue. Stock valuations could go crazy anyway based on expectations, but I think they're already kind of crazy now 🤔

@TimothyJohnson5c16 they're crazy now, how crazy will they be EOY when AI companies are raking in 100+ billion in revenue from coding agents

@jim Want to bet on that? I'm pretty sure that the total revenue in 2025 for all AI startups combined will be under $100 billion.