“It Cybertruck has a much smaller total addressable market, and has proven extremely difficult to bring to market.”

 “Delaying a smaller car—which Wall Street refers to as the Model 2—was the largest strategic bungle at Tesla to date.”

 “It doesn’t really make sense to claim it should have come sooner. A lot of the cost base of Model 2 will be possible tomorrow, not yesterday.”

 “Friday’s rip higher by rate sensitive mega cap stocks suggests rate hikes are off the table. For now... Lower rate expectations spurred short covering and new longs to consumer sensitive discretionary names.”

 “Depleting savings was supposed to be fixed by real income growth, but inflation is proving to be sticky... Our team is getting bearish on consumer and soft landing baskets.”