Meta's scorched earth approach to AI, Tesla's future, TikTok bill, FTC bans noncompetes, wealth tax

1363.44 - 1386.763 Jason Calacanis

Also, they cut the price of FSD by one-third from $12K to $8K. I think you can also get it for $100 a month. And they announced a 10% RIF. Going to cut 14,000 employees. Always painful to do that. They're looking to reincorporate in Texas, leaving Delaware for obvious reasons. Earlier this week, Tesla shares were down more than 40% year to date, mostly due to a decrease in demand for EVs.