TOGETHER WITH

Hey there weekday warrior,

Today, we’re getting into the only thing that really matters: Trump vs. Elon. But first...

It’s only fitting that in the June 6, 2022 edition of The Water Coolest, we covered Elon beefing with then-President Biden. Musk shared concerns about the economy, which didn’t sit well with POTUS. The Command in Chief praised Ford’s efforts to dethrone Tesla in the EV industry.

We might have a new President, but it’s the same old Elon.

Enjoy the next 4 minutes and 29 seconds of blue-chip news and commentary.

Keep on snapping necks and cashing checks,

– tyler

Boy, that escalated quickly…

… I mean that really got out of hand fast.

Yesterday, we got the kinda breakup that entire Taylor Swift albums are made of.

I don’t think anyone is exactly surprised that the richest man on the spectrum and the President of the United States are beefing. But I also don’t think anyone on Kalshi was betting Epstein would get brought up this fast…

Before we get into the biggest falling out since 2Pac and Biggie, let’s take a trip down memory lane, shall we?

• Lead up to the 2024 election: Elon endorses Donny Politics and makes it rain on his campaign to the tune of ~$300M

• November 2024: Elon takes over the Department of Government Efficiency and is tasked with finding fraud and waste in the US government

• November 2024 through last Thursday: Elon & POTUS become absolute boys

• Last Friday: POTUS and Elon said goodbye

• Earlier this week: Elon started to make it clear he was a big beautiful hater of Trump’s massive budget/spending bill that is expected to add $2.4T to the US deficit. By Wednesday, it appeared Elon had made a clean break with Trump, tweeting “KILL the BILL.”

But that was nothing…

The two skipped the public feud equivalent of foreplay and went straight to f*sting without so much as a courtesy spit…

The former head of DOGE and the sitting President traded nuclear warheads on their respective social media platforms (which contributed to the absurdity of it all).

Trump called Elon “CRAZY” (ok, fair) and threatened to “terminate Elon’s Governmental Subsidies and Contracts,” to which Elon replied, “In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately.” He appeared to walk the decision back last night, though…

Elon played nothing but the hits. At various points during the day, he accused POTUS of being in the Epstein files, supported tweets calling for Trump’s impeachment, and took credit for DJT’s victory. Plus, I’m pretty sure he still found time to get one of his employees pregnant… so what’s your excuse for not getting your to-do list done?

Be careful what you wish for…

After months of belly-aching about “sPEndINg TOo MucH TiMe ON dOGe,” it’s probably safe to assume Tesla shareholders yearn for the days when Elon was trimming the fat with ‘Big Ball’s in DC.

You see, TSLA fell more than 14% on Thursday thanks to the fallout of epic proportions. The selloff eliminated more than $150B in market cap. To put that in perspective, $150B is more than the combined total market caps of Ford, GM, and Chrysler (because I refuse to call it Stellantis).

Is this company the Tesla for houses?

Most car factories like Ford or Tesla reportedly build one car per minute. Isn’t it time we do that for houses?

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Since securing its initial prototype order from SpaceX and a subsequent project order of 156 homes from the Department of Defense, BOXABL has made substantial strides in streamlining its manufacturing and order process. BOXABL is now delivering to developers and consumers. And they just reserved the ticker symbol BXBL on Nasdaq*

BOXABL has raised over $200M from over 50,000 investors since 2020. They recently achieved a significant milestone: raising over 50% of their Reg A+ funding limit! But the round is closing in June on all platforms, so it’s time to take action.

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+ When women who drive G-Wagens and men who use ‘summer’ as a verb stop spending on Lululemon $LULU ( ▼ 20.02% ) leggings and ABC pants, respectively, it is so over for the rest of us. The good news is the company that walked so Alo could run, beat on the top and bottom lines.

The bad news? Its outlook was more bleak than the working conditions in a yoga pants factory in Vietnam. The company slashed its outlook, citing a “dynamic microenvironment.” Oh, and did I mention they’re going to raise prices on some items?

+ POTUS and Xi Jinping definitely talked sh*t about Elon on their call yesterday, right? The Presidents of the (trade) warring nations hopped on a 90-minute call yesterday AM. And there was only one agenda item: tariffs.

The call, which probably could have been a meeting invite, established that the two sides would get their trade reps together for negotiations.

Since the meeting in Geneva in May, there have been accusations from both parties that the other isn’t playing nice in the sandbox. The US said China isn’t delivering on the rare earth metals it promised. And China is butthurt about POTUS banning its students from US universities and restrictions on semiconductors.

+ I’m not entirely sure what the point of a stablecoin is… and at this point, I’m too afraid to ask. Stablecoin issuer Circle just put on a clinic in IPOing. Shares mooned 168% during its first day of trading. After pricing above its expected range of $24 to $26, shares opened at $69 (nice) and hit an intraday high of $103.

+ Dave Ramsey would like a word. There's a much easier way to pay down crippling debt faster, you guys. Spoiler: it's using a no-interest credit card. Some of the top credit card experts identified one of their favorites that puts interest on ice until nearly 2027 AND offers up to 5% cash back on qualifying purchases. Start paying down debt faster with this top pick. [FYI, this is a partner post]

+ Ok, how much did P&G pay McKinsey to tell them about ChatGPT? The company behind Tide, Pampers, Old Spice, and countless other brands that have been pumping us full of microplastics for generations, is laying off 7k employees. As of last year, Procter & Gamble $PG ( ▲ 0.55% ) had more than 100k FTEs.

+ US stocks “fell Thursday as escalating tensions between President Trump and Tesla (TSLA) CEO Elon Musk overshadowed a phone conversation between Trump and China's Xi Jinping, which had lifted investor optimism that a strained US-China relationship could be thawing.” (Yahoo! Finance)

+ The 10-year yield “ticked higher on Thursday as investors awaited the upcoming nonfarm payrolls report for more clarity on the state of the U.S. economy.” (CNBC)

+ Oil “settled higher on Thursday, recovering from the previous day’s drop, on news that the U.S. and China agreed to more trade talks following a phone call between U.S. President Donald Trump and Chinese leader Xi Jinping.” (Reuters)

⏪ Yesterday…

+ Ciena reported before the bell

+ Broadcom, Lululemon, DocuSign, Samsara, and Rubrik reported after hours

+ Nintendo released the Switch 2 in the U.S. and Europe

+ Lyft held its annual meeting with Engine Capital breathing down its neck…

+ The European Central Bank announced its rate decision

⏩ Today we’re keeping an eye on…

+ The May jobs report will be released

Yesterday, I asked, “Boat shoes: yay or nay?”

56.0% of you gave 👍

Here’s what some of you guys had to say…

• 👍: “As an alum of an all-boys high school, boat shoes are fun way to compliment your pony keg and substitute moccasins”

• 👎: “They are functional-on a sea going vessel but they never were and never will be any form of cool.”

• 👍: “Yay. Nays coming from the youths with their mid-calf sock and sneaker look. Nice tan line.”

• 👎: “It’s a glorified slipper. Except that it’s leather, so it soaks up foot odor at an alarming rate. There’s not one female on the planet roooting for a comeback here. ”

• 👍: “I’m pro, but my sweaty feet destroy them in mere weeks. Otherwise I have to wear them with socks and I might as well drown myself ”

Here’s today’s question…

IYKYK…

Oh, and one more thing…

Does this look like the face of a guy you should take financial advice from?

No, it’s the face of an individual who is financially irresponsible/dumb enough to be talked into spending money on a family photo shoot that he could have just done with his iPhone. So, act accordingly...

This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.

Advertiser Disclosures

This is a paid advertisement for BOXABL’s Regulation A offering. Please read the offering circular here. This is a message from BOXABL.

*Reserving a Nasdaq ticker does not guarantee a future listing on Nasdaq or indicate that BOXABL meets any of Nasdaq's listing criteria to do so.