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Hi friends,
💡 Investing Doesn’t Have to Be Complicated, R2R is built on simple, time-tested principles:
✅ Focus on high-quality assets
✅ Keep a Margin of Safety
✅ Use options with intention
✅ Stay patient, let time and compounding do the heavy lifting
📈 Performance Snapshot
💼 Current Portfolio Holdings
📌 Weekly Activity
Stock Trades: None.
Options Adjustments:For tax-management purposes, I actively adjusted options positions, realizing gains where appropriate and harvesting losses to improve after-tax efficiency
No speculation. Just disciplined portfolio housekeeping.
💬 MY Thoughts
As we approach year-end, this is naturally a time to look back on what worked , and more importantly, to look forward with clarity. I’ll share the details in next week’s recap.
The market rewarded patience again this year. Volatility came and went. The discipline stayed.
🔍 Key Events This Week
🚗 Tesla (TSLA)
1. NHTSA Opens Probe into Model 3 Emergency Door Releases
On Dec 23-26, the NHTSA opened a defect investigation into ~179,000 Model 3s (MY 2022) regarding mechanical emergency door releases being hidden or unintuitive.
My Take: This probe adds to existing regulatory scrutiny. While it could lead to recalls or modifications (increasing near-term costs), these are legacy hardware concerns. Over time, I expect the market’s focus to shift further toward autonomy and robotics, making traditional hardware recalls less of a valuation driver.
2. Elon Musk Updates Tesla Mission Statement
Musk is updating the mission from “Sustainable Abundance” to “Amazing Abundance.”
My Take: This subtle shift emphasizes AI and robotics over explicit sustainability ties. It aligns with the pivot toward Optimus and Robotaxi, potentially supporting higher valuation multiples if those revenue streams materialize, decoupling Tesla from the constraints of traditional EV/environmental demand.
3. Robotaxi Progress & Unsupervised FSD
Reports confirm Tesla Robotaxis operating in Austin (some unmanned) and Musk shared experiences of perfect, unsupervised FSD drives.
My Take: This is critical progress. Advancing FSD software strengthens the case for future high-margin autonomy revenue, improving Tesla’s positioning against Waymo and reducing reliance on pure vehicle sales.
4. SpaceX Purchases 1,000+ Cybertrucks
Confirmed reports that SpaceX bought over 1,000 Cybertrucks.
My Take: While this highlights the synergy between Musk’s companies, it also serves as volume support during a period of softening external demand. It helps production numbers but doesn’t solve the broader challenge of scaling EV sales in a competitive market.
🌐 QQQ / Nasdaq 100
Macro Environment: Bond Yields Creeping Up
The 10-year Treasury yield ticked higher, approaching 4.6%, driven by expectations of fewer Fed rate cuts in 2025.
My Take: This is the “elephant in the room.” Tech valuations are highly sensitive to rates. If the 10-year breaks decisively above 4.6% or 4.7%, we could see severe multiple compression in the Nasdaq 100. I am watching this closely.
🐉 Tencent
1. Strategic Pivot: Accessing Nvidia’s “Blackwell” Chips
Tencent secured access to Nvidia’s Blackwell GPUs via a partnership with a Japanese cloud provider (Datasection), complying with export controls while accessing the compute needed for AI.
My Take: This is the most critical news of the week. The biggest bear case for China tech has been the “AI hardware ceiling.” This workaround proves management is resourceful and keeps Tencent in the LLM arms race. The “compute gap” between Tencent’s Hunyuan and Western models may not widen as drastically as feared.
2. Gaming Operations: The “Hands-On” Global Shift
Tencent is moving from passive investor to “active operator” for overseas studios. Overseas game revenue grew 43%, and Delta Force has become the 3rd highest-grossing shooter globally.
My Take: Bullish for margins. By deploying their “China playbook” (live-ops optimization) to Western investments, they are squeezing more revenue from existing IP. Delta Force validates that they can build global hits internally, reducing reliance on the aging Honor of Kings.
Stay patient. Stay focused. Turn volatility into cash flow. Let compounding do the heavy lifting.
-William | Relax to Rich Club
Thanks for reading, see you next week.
⚠️Disclaimer
I am not a licensed financial advisor, and the information shared here reflects my personal investment decisions and opinions only. This content is for informational and educational purposes and should not be construed as financial, investment, or trading advice. Past performance is not indicative of future results. Investing involves risks, including the potential loss of capital.