Jul 27, 2026
Scott Galloway says Musk's rarest skill isn't engineering. It's raising capital on a story.
Jun 30, 2026
What Lucid's Latest Cuts Reveal About the Limits of Sovereign Capital
Jun 8, 2026
The same methodologies built Tesla's battery pack and produced the Cybertruck. That success gap is worth understanding.
May 25, 2026
Capital insulation was the thesis. Fiscal discipline may be the reality.
May 18, 2026
The losses look similar. The recoveries are not.
Apr 6, 2026
The largest automaker in the world is playing every hand. That is either the shrewdest strategy in the industry or a most expensive hedge.
Jan 27, 2026
Why the EV transition is no longer a debate about beliefs—and what it’s revealing about Tesla, Toyota, and the next phase of disruption.
Jul 31, 2025
Why Volkswagen is shrinking while Toyota grows despite facing the same challenges.
Apr 21, 2025
Mary Barra and Akio Toyoda have made distinct bets on how the automotive sector will unfold.
Mar 13, 2025
I had a text exchange with a friend yesterday who asked, “Is now the time to jump back in on Tesla [stock]?” My response was that I could not say with any confidence whether Tesla’s share price would rise or fall from Tuesday’s level, which was down over 50% since mid-December.
Mar 10, 2025
A guy calling himself “America’s EV Influencer” once responded to one of my posts, stating, “Toyota is doing well for now, riding the hybrid wave.
Feb 27, 2025
In the relentless churn of headlines surrounding Tesla and its mercurial CEO, the meteoric rise of Chinese automakers, and the existential challenges facing legacy car companies, one automotive juggernaut continues to execute with consistent precision:
Sep 18, 2024
On a cold, rainy Monday last year, I drafted a TaaSMaster Newsletter update that I eventually published on my Substack site. It was on November 20, 2023. I was with my wife in Kansas City, sitting in a rental car in the enormous parking lot at GEHA Field at Arrowhead Stadium. We were waiting to attend the Monday Night NFL footb...
May 13, 2024
Once again, the automotive industry is at a crossroads.
May 6, 2024
In October 2021, I wrote that Tesla's massive valuation might be justified. At that time, Tesla was valued at $1.1 trillion,close to its all-time high. Only four U.S. companies were worth more - Apple, Microsoft, Alphabet, and Amazon. I owned Tesla stock then, believing that traditional metrics of valuing a company did not apply to Tesla.
Mar 19, 2024
This time last year I penned an update designed to remind the many pure-play EV company supporters (mostly Tesla investors) that the challenges of legacy automotive companies to execute their EV strategies were not an indication that these legacy automakers were doomed to extinction.
Jan 25, 2024
Tesla sold 1.8 million full EVs in 2023, a 31% increase over 2022.
Jan 17, 2024
In a recent newsletter article in “The Electric,” written by Steve LeVine (part of The Information subscription), the challenges facing Tesla in scaling its business have come to the forefront, especially in comparison to China’s BYD.
Sep 26, 2023
I bought Tesla stock in November 2018, when the company was valued at $53.5 billion.