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Something extraordinary happened last Friday night, and outside the world of Tesla fans and self-driving aficionados, hardly anyone seems to have noticed. In my opinion, August 25, 2023 was a red letter day for Tesla.
Allow me to back up and provide some backstory. Most of you know that I tend to think and write with metaphors and analogs, and this time will be no different. I’m going to use Google as my talking point.
By this point, even native tribesmen in the deepest reaches of the Amazon rain forest know the chart below and how it got where it is today.
On July 27, 2023, I was absolutely miserable. I had plenty of troubles going on in life, and the market had soared to yet another high. My portfolio was a wreck. Bulls were dancing in the streets. People were cancelling their subscriptions, which I bust my ass to acquire. I felt like shit. And then, just to add salt to the wound, THIS email tumbled into my inbox:
In case you can’t read this, it’s an email I get whenever someone cancels. I ask every person who cancels why they cancelled. In 100% of the prior cases, it was some version of “It’s not you, it’s me”, but in this case, here’s what the guy wrote……………and this is verbatim:
(more…)Well, ouch. Here’s a sad little tale for you. It involves this chart and three arrows. Let’s read them from left to right:
