How so? Apple could have bought a big chunk of Tesla and flipped it back to the public market for ~10 times the price today, for a cool $500B+ profit. Even if they wanted nothing to do with the company's operations.
Of course, such an operation would typically be done by a hedge fund or private equity firm. But guess who is responsible the one of the world's largest hedge funds [1] with $200B+ AUM...
What?!? You cannot liquidate a majority stake in a company, much less a high flyer absurd beta name like TSLA, without collapsing the market. And nobody but Musk wants to hold all the cards in TSLA because nobody is truly confident it should be valued up here. But they want enough skin in the game to participate in the ridiculous squeeze. If you tried to market even 10% of the float (absent the SPX inclusion event) you would see a serious pullback.
That's easy to say in retrospect, but Apple stock would've also taken a hit buying what was a failing company at the time. It would've also demanded more resources and a strategic pivot on their part.
Apple makes long-term, informed decisions. Buying Tesla then and now is a pretty tough argument to make.
Oh, I definitely agree that the most prudent decision a few years ago was to avoid Tesla like the plague. Why would Apple, the most profitable company in the world, want a nearly-bankrupt car manufacturer on its books?
Nevertheless, with the benefit of hindsight, it was likely the wrong decision from both a financial and strategic viewpoint. It's the kind of wrong decision Mark Zuckerberg avoided when Facebook bought Instagram and WhatsApp (despite being ridiculed at the time). Over the next decade, Tesla will likely be one of the most serious threats to Apple's dominance in high-end consumer tech goods (the other being companies working on AR/VR).
It's never a good decision for Apple to buy Tesla, even in hindsight. Buying a capital intensive company within a heavily regulated industry is not the same as buying a social media company or a messaging app.
An increase in the stock price has little to do with the success of the actual business. Tesla hasn't gotten 600% better at being a car company. So far, Apple would only benefit from a Tesla purchase by selling the stock--which would defeat the whole purpose of buying it in the first place (Apple is not a hedge fund).
Ok, name something more complex than a CPU to manufacture on a car?
Making the leap from "Apple makes many complex hardware parts" to they can make a car is a smaller leap than the opposite - Tesla literally didn't exist and made a car, so to assert Apple somehow couldn't is... weird.
Things Apple builds already that are in cars: custom glass, speakers, lights, complex aluminum frames, computers, cameras, knobs/dials, batteries, screens, wheels, fans, materials from leather to rubber to plastic, memory foam...
If you don't want the chip to throttle, the simple answer is to get the Macbook Pro, not hack together a crappy laptop from a Mac Mini :)
Even then, the throttling on the Air seems pretty minor. About ~30% drop in performance after it levels off, which takes several minutes. Less if you get one of those pads with a fan in it that blows on the case.
Aside from what other people have mentioned already, there's one more trick. The Chase Freedom Unlimited gives 1.5 points per dollar on all purchases, which can be transferred to the Reserve and spent at 1.5 cents per point. Effectively a 2.25% cash back card if you don't mind using Chase to book travel, which is among the very best.
Until mid 2021 several other things also count for the travel credit such as gas and grocery stores. Chase probably did not want a wave of card cancellations over the $300 credit being mostly useless during the pandemic.
Not just masks. Early projections (March / April) by supposedly reputable groups like IHME were wildly inaccurate. Even a cursory reading of their methods showed that they had no idea what they were doing. Oversimplifying a bit, they were fitting the CDF of a Gaussian to the cumulative deaths over time. Not a reasonable way of modeling exponential growth.
Nevertheless, IHME was kept in the spotlight by the government and media because they deemed the experts as an independent health research center at a reputable university. Their predictions drove many poor policy decisions, culminating in the infamous claim by Trump that the pandemic would be over soon after Easter. Many epidemiologists, statisticians, physicists, mathematicians etc. called their conclusions into question and built better models (mostly using SEIR / SEIS). It took several more months for IHME to improve their own model, but by then the damage was already done.
Shit, I wasn't even aware of that one. It is so spectacularly stupid I almost think it is a more logical explanation that it is an inside job, surely nobody can be that stupid, right? I mean I am just a computer programmer but I know what exponential growth is and what it looks like.
Many of the tech companies are in the "bad" neighborhoods. Most notably Uber, Twitter and Square are all headquartered right next to one of the worst parts in the city (Civic Center / Tenderloin).
I remember walking to one of those companies for a job interview and seeing someone pooping in broad daylight on the 8th and Market intersection. Not a great first impression.
Not even cloese, jax.jit allow you to compute almost anything using lax.for_loops, lax.cond and other lax and jax contsturts pytorch jit does not allow that its just extra optimization for static pytorch functions.
JAX autograd will work on most any jitted fn - the control-flow limitations are no autograd for code with for/while loops since there's a statically unknowable trip count through the loop body. Much looping code can be handled differentiably using a "scan" though.
Back then a software engineer at a well-known big company would make around $30-50k (not inflation adjusted). Combined with 1993's interest rates (~7%) $300k was quite steep.
Today the same engineer at a FAANG would make about $300k. Houses are about $2M and interest rates are about 2%, so relatively speaking things are cheaper. However, unlike in 1993, today's salaries are unlikely to grow by 10x over the next 30 years while the mortgage is paid off!
Of course, such an operation would typically be done by a hedge fund or private equity firm. But guess who is responsible the one of the world's largest hedge funds [1] with $200B+ AUM...
[1] https://en.wikipedia.org/wiki/Braeburn_Capital