RT Amy (@_SFTahoe)People aren’t thinking big enough for the RoboTaxi addressable market. RoboTaxis will replace busses, trains and biking (not just cars). It will change transportation completely and be a serious quality of life upgrade. Plus millions dying each year will be a note in history books.Tesla makes the world better. ...

RT The Boring Company (@boringcompany)Announcing Music City Loop! The Boring Company is coming to the State of Tennessee.Las Vegas Loop has already moved more than 3M passengers, and growing. Next stop, Nashville!Thanks to the Tennessee Department of Transportation @myTDOT, Governor Bill Lee @GovBillLee, The Metro Nashville Airport Authority @Fly_Nashville, The Music City Convention Center @musiccitycenter, and The Nashville Chamber of Commerce @nashchamber for their partnership in helping TBC bring innovat ...

Financial Data and Key Metrics Changes - Freeport McMoRan reported strong margins and cash flows during the second quarter, with quarterly EBITDA of $3.2 billion and operating cash flows of $2.2 billion [12][50] - The average copper realization price was over $4.5 per pound, approximately $0.20 per pound above international benchmark pricing [13] - Net unit cash production costs improved to $1.13 per pound, significantly better than previous guidance and last year's second quarter [12][49] Business Line Data and Key Metrics Changes - Sales volumes of copper and gold exceeded production, with copper sales in the second half expected to be nearly 10% higher than the first half [13][48] - The startup of the new copper smelter in Indonesia was a major milestone, with the first cathodes expected by the end of the month [14][31] - The leach initiative at the U.S. Morenci mine is projected to produce 800 million pounds per annum, with ongoing trials showing promising results [15][36] Market Data and Key Metrics Changes - Copper prices averaged $4.32 on the London Metals Exchange and $4.72 on the U.S. COMEX exchange during the quarter [21] - The U.S. copper premium has tripled from second quarter levels, providing an annual financial benefit of approximately $1.7 billion on U.S. sales [26][27] - Global copper demand continues to grow, driven by electrification, AI technology, and infrastructure investments, with China and India being significant markets [22][23] Company Strategy and Development Direction - Freeport is committed to its long-term strategy focused on copper production, with a strong emphasis on organic growth and operational efficiency [8][20] - The company is advancing several major projects in the Americas, including expansions at the Baghdad mine and Alabra [20][46] - Freeport aims to enhance its position as a critical mineral supplier, leveraging its integrated operations and innovative technologies [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong financial performance, with expectations for volume growth and lower costs in the coming years [13][14] - The company is closely monitoring the impact of tariffs on costs, estimating a potential 5% impact but emphasizing ongoing efficiency initiatives [70][72] - Management highlighted the importance of the U.S. government's recognition of copper as a critical mineral and the potential for incentives to boost domestic production [78][80] Other Important Information - Freeport repurchased 1.5 million shares during the second quarter, with a total of 2.9 million shares repurchased in the first half of the year [16][54] - The company has a solid balance sheet with no significant debt maturities until 2027, allowing for flexibility in capital allocation [54][56] - The completion of the new smelter in Indonesia positions Freeport as a fully integrated producer globally, enhancing its operational capabilities [31][32] Q&A Session Summary Question: Changes in mine plan and modeling updates - Management explained that quarterly updates to the forecast are standard, with recent recalibrations reflecting variations in ore grades and recovery rates [60][61] Question: Impact of tariffs on North American costs - Management acknowledged monitoring tariff impacts, estimating a 5% potential increase in costs but emphasized ongoing efficiency improvements [70][72] Question: Discussions with U.S. administration regarding financing - Management confirmed ongoing discussions with U.S. authorities about Freeport's role as a major copper producer and potential incentives for domestic production [78][80] Question: Internal cost of operating the new smelter - Management indicated that the operating cost of the new smelter is approximately $0.27 per pound, with additional revenues expected from processing concentrates [86][87] Question: Potential for refined copper shipments from Indonesia to the U.S. - Management noted that historically, Indonesia has not shipped significant refined copper to the U.S., but they will evaluate future opportunities based on market conditions [90][92] Question: Share repurchase pace and gold guidance confidence - Management stated that share repurchases are aligned with their financial policy, and they remain confident in gold production guidance despite recent variability [101][105]

RT Haze 𓅊 (@GodSon83)Modes of transportation. https://t.co/MILGB3x2O2 ...

Walking into the future.Transportation will be forever changed. Robotaxi is like Airbnb and Uber combined. https://t.co/GlbD4asXEO ...

Thank you @SecDuffy and team for visiting us! It was a very productive visit and looking forward to working closely with @USDOT and @NHTSAgov as we usher in the next wave of safe and affordable transportation for all of the United States.Secretary Sean Duffy (@SecDuffy):America is at the forefront of innovation.@Tesla is one of the many companies helping our country reach new heights. @USDOT will be right there all the way to make sure Americans stay safe. https://t.co/HsmZ85KZCO ...