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Tesla BLOWS AWAY Expectations. (Q2 2022 Recap )

newtboy says...

Clearly better than you, as I don’t just make up numbers or ignore losses of 1/8 the value and pretend they never happened. Also I seem to know what Elon has stated as his plans for the business better than you, I knew he plans to fire 10% across the board while you are convinced he’s going to expand.

Cherry picking?! You said down from its high this year, I went from Jan 3, it’s high this year, to yesterday’s close. Now you call that cherry-picking?
It’s not about a date , dummy, it’s about it’s high for the year, the point YOU picked. WTF is wrong with you?

If chicken was overpriced by 7 times but other meats aren’t, and then chicken dropped by 20%, it’s still a TERRIBLE buy. Same with Tesla, but chicken isn’t also priced based on how nutty Foghorn Leghorn acts, Tesla is, and Elon is acting CRAZY. I’m somewhat surprised you stick with him, Trump has totally abandoned him and now says Tesla is a terrible investment. Even if you stick it out, lots who listen to Trump are getting out. That’s going to hurt for a while. Another self inflicted wound.

Yeah, sure buddy. Just keep telling yourself that. Tesla is dropping off a cliff, unlike other car companies, and it’s all Biden’s fault (only the losses, not the gains). Tesla’s losses are self inflicted, and there’s more to come.

Growth is good, but you must ignore that it was so insanely overpriced that it really doesn’t matter, the price is not tied to any growth or income, it’s pure speculation…PE still 110. A decent PE is below 20.
Record capacity….but it’s never been close to full capacity so that’s meaningless. It’s still stymied by chip availability, battery availability, and parts availability for their battery factories so they can’t even make their new batteries their new car models require, and Tesla isn’t first in line for chips, Ford and Chevy are. If you could only produce 100 cars a month and now you made 103…that’s record production, but still failing miserably.

https://www.reuters.com/business/autos-transportation/musk-says-teslas-new-car-factories-losing-billions-dollars-2022-06-22/

Edit: Not a good sign that cybertruck and the electric semi truck are now delayed indefinitely. Ford is going to beat Tesla to the pickup truck market with a truck that doesn’t look like a bad 80’s sci-fi movie prop. If major semi manufacturers do the same, and manage to solve the weight limit issue two expensive product lines will totally fail. Elon is clear, neither will be released this year, next year is a maybe at best….but as designed they aren’t competitive with diesel trucks for range or load capacity.


Yeah, sure, everybody else is hurting Tesla to hurt YOU. It’s not slumping because it’s in financial straights, can’t produce cars anywhere near full capacity (or at a profit yet?), is burning through BILLIONS every month, and has an owner that clearly doesn’t care one whit about tanking the stock with impulse moves like offering $45 billion for a company not worth $20 billion.
I don’t let politics control my investments….and mine have not lost 32% this year, you have (and you pretend it’s only 20% because you lie even to yourself).

Again, if it grows 50% (and I don’t think Tesla has btw) but is overpriced by over 10 times (it was in Jan) it needs to keep it up for 20 years with no stock increase to break even and actually be worth the price. Any stock with a PE over 100 is horrific.

You claimed down 20% this year, then blew up when I showed it’s actually down 32% and massively overpriced. Why on earth would anyone take advice from someone so dishonest with even the values? Especially someone so divorced from reality as you?

Tesla is losing subsidies, can’t produce at profitable levels,and SAID they’re downsizing by 10%.
Yes, the EV vehicle category is due to explode, but Tesla is at full capacity (as much as they’re capable, not full factory capacity) and is about to get MASSIVE competition from the big 3, with insanely more production capacity, better supply chains, and subsidies they haven’t burned through yet. Tesla can’t keep up with demand, but they’re nearly the only game in town….but not for long. Expect demand for Teslas to plummet when electric Mustangs, Corvettes, SUVs, pickup trucks, etc start rolling off the lines in big numbers later this year, EV’s that are on par with Teslas (or better) and that customers don’t have to wait a full year for delivery…there have been multiple times recently when Elon said he would stop taking orders because he can’t produce them.

We had an apple in the home by ‘80, and stock soon after. They weren’t at a PE over 100. They also were doing terribly before they gambled on the cell phone industry. Derp.

There’s a reason you think I know everything….I can read. When there’s a topic I’m ignorant about, I read about it, and don’t just look at one source. I try to get multiple different opinions, the facts, and history of any topic, then reply. You listen to admitted liars and nut jobs Alex Jones or Beck and think you know it all. Lol. Such a silly, constantly projecting little boy you are.

Really….it’s certainly something to Tesla. Yes, I want him to be held to the contract he signed. Yes, it will hurt Tesla more than the $1 billion drop in assets for NOTHING, because it’s an undeniable example of Elon’s recklessness and poor business sense. I don’t care one whit if he buys or not, I want him to follow the contract he signed. If he does buy, though, it might end Tesla. $45 billion from its coffers (for assets worth well under $20 billion) would be a death nail.

MSNBC agrees with me? News to me. I come to my own decisions, little boy. I don’t need them spoon fed to me, and I understand why I invest as I do. I made money this year, did you?
(I know, if you’re honest about being all in on Tesla, you lost massively, 1/3 of your portfolio in 6 months, and you still think you’ve got it all right, you know everything there is to know about investing, so much you spend lots of time being an unpaid salesman for Tesla, a stock that’s losing money hand over fist and is overpriced by at least 6 times according to professionals).

I’m one gullible dude?!? I AM!?! Er mer gerd, that’s some serious hard core projection (and a little tissy fit).
ROTFLMFAHS!!!

bobknight33 said:

How well do you follow Tesla? Most likely you answer is near zero. But you sure have all the answers.


Once again You foolishness is on full display. Cherry picking numbers? Thats ok

I said it was down a great amount. 20% or your 32% pick your date pick you %. Does not matter.

IF chicken was on sale 20% or 32% below normal pricing you would buy? Same with Tesla.


This is due to the overall economy. not from anything Tesla is doing. Tesla is is growing. 84% last year and 70% the year before.

This Q2 growth was only 50% . Mostly due the china shutdown. China is back up and running and at record capacity.



Biden economy and Communist fuckery is holding Tesla down , not Tesla. Hence it is a great buy.

Maybe your just a Union only guy? Thats OK.


Regardless of current stock price., who wouldn't want to buy the stock of a company growing 50% YOY?

I follow daily. I have about 1500 shares in the Tesla. And your are right I am down from that $1200 high. But I'm looking long term. 5 year min. I see explosive growth over nest 8 years.

Tesla goal is to make 20Million vehicles/year. Last year nearly 80 million vehicles were made globally. ICE vehicle sales are declining about 7% YoY since 2017. Al the while EV sales are growing.

What side of the fence do you wan t to be on? When Apple entered phone market they were a computer company. Today they have 20% of the phone market .



Apparently not the great intellectual foolish and ignorant @newtboy , who know everything about everything.


Finally, Now you want Elon to buy Twitter?
$1 billion penalty. That nothing to Elon.

Guess if MSNBC says something it must be true.
Newt, your one gullible dude, lady, sis whatever.

Tesla BLOWS AWAY Expectations. (Q2 2022 Recap )

bobknight33 says...

How well do you follow Tesla? Most likely you answer is near zero. But you sure have all the answers.


Once again You foolishness is on full display. Cherry picking numbers? Thats ok

I said it was down a great amount. 20% or your 32% pick your date pick you %. Does not matter.

IF chicken was on sale 20% or 32% below normal pricing you would buy? Same with Tesla.


This is due to the overall economy. not from anything Tesla is doing. Tesla is is growing. 84% last year and 70% the year before.

This Q2 growth was only 50% . Mostly due the china shutdown. China is back up and running and at record capacity.



Biden economy and Communist fuckery is holding Tesla down , not Tesla. Hence it is a great buy.

Maybe your just a Union only guy? Thats OK.


Regardless of current stock price., who wouldn't want to buy the stock of a company growing 50% YOY?

I follow daily. I have about 1500 shares in the Tesla. And your are right I am down from that $1200 high. But I'm looking long term. 5 year min. I see explosive growth over nest 8 years.

Tesla goal is to make 20Million vehicles/year. Last year nearly 80 million vehicles were made globally. ICE vehicle sales are declining about 7% YoY since 2017. Al the while EV sales are growing.

What side of the fence do you wan t to be on? When Apple entered phone market they were a computer company. Today they have 20% of the phone market .



Apparently not the great intellectual foolish and ignorant @newtboy , who know everything about everything.


Finally, Now you want Elon to buy Twitter?
$1 billion penalty. That nothing to Elon.

Guess if MSNBC says something it must be true.
Newt, your one gullible dude, lady, sis whatever.

newtboy said:

Crushing it…Down 32.6% ytd from $1199 Jan 3 to $815 today, not 20%….why must you lie in every post?
Be prepared for it to plummet if Elon is forced to go through with buying Twitter or even pay the $1 billion cancellation fee, because he will have to sell that much Tesla stock to pay.

“Don’t Look Up” in Real Life

newtboy says...

Lol.
Reasontv, the network of the insanity from Stossel, with the stated position that “free market and deregulation is the solution to any and every problem imaginable”. That’s the best you’ve got!?! Then you’ve got NOTHING. You actually complain that CNN isn’t trustworthy, then you post from Reasontv!?! Er mer gerd! 🤦‍♂️ why not just post Beck or Jones?

They completely misrepresent what the report, and climate activists, and politicians have said with bad editing and lies here, no surprise, you posted it, it was guaranteed to be DISHONEST nonsense propaganda.

Land temperatures reached 1.3C above pre industrial norms in 2020. Every prediction made has come true well ahead of schedule. Temperature rise is accelerating, it’s not the flat straight line nor a slowing rate like they showed but an increasing curve. The last 7 years were all in the top 10 hottest ever, the last decade had 9 of the hottest ever, and we are experiencing a global drought never seen by modern man….but according to you, nothing burger, totally normal, chicken little.

https://www.iflscience.com/nine-of-the-top-10-hottest-years-ever-all-occurred-in-the-last-decade-62232

There is one thing I agree with, the “12 years to stop climate disaster” notion (not what the science says btw) is wrong. We have -20 years +-. The CO2 we put in the atmosphere today will effect climate for hundreds to a thousand years, the nitrous oxide for about 120, methane around 10. We have reached the point where natural emissions will soon take over, adding more than humans ever did. Scientists estimate that’s at 1.5C, but every estimate they’ve made public has turned out to be optimistic in the extreme, so 1.5C is almost certainly wishful thinking and 1.25C is more likely the threshold. We can both mitigate the effects and slow the rate of change, but at this point staying below 1.5C is a pipe dream no one is actually even working towards.

I think the reality is that, using current models, assuming no surprises or feedback loops, we have (now 8 ) years before the adding these greenhouse gasses in the atmosphere will carry us well beyond 1.5C above “normal” with no additional emissions needed….not that we will definitely hit 1.5 by 2030 but we will be able to coast there even with zero emissions.
I know, math and science together, way too hard, better to just listen to the oil spokesmen who say “it’s a hoax, pay no attention to the cities reaching 130F, the unprecedented heat globally, the rapidly melting (or melted) glaciers that historically provide drinking water for 1.9 BILLION people, or the never before seen by man extreme global droughts, they’re all normal and natural and why are you still talking about it?”.

No surprise, one more undeniable, in your face disaster you simply deny exists….like Covid, Jan 6, Russian election interference, -3.5%gdp, Trump terrorism, etc.
Can we have your name so when the global food supply is insufficient we know who’s family to deny food?

bobknight33 said:

Silly nonsense

California is Running Out of Water

newtboy says...

What do they mean “running out”? We’ve been out of water for decades.

As bad as this sounds, I think he’s under selling the problem big time.

Federal officials announced in February that California farmers will get no federal water this year, zero (that’s the Central Valley Project), while the state has allocated agriculture only 15% of normal from its distribution systems.
Meanwhile the state has also demanded agricultural water districts and cities stop diverting water from rivers and streams along the San Joaquin River. This includes 200 cities in and around the Bay Area, like San Francisco which gets up to 85% of its water from those rivers and streams.
Some rivers and streams in California have stopped flowing, all have reduced flow. The Mad River, just blocks from me, is usually 6-8’ deep bank to bank (75-100’) for at least 6 months out of each year, the last 3 years it never reached its banks and remained a shallow stream all winter, becoming a creek in summer. It is abnormal, most rivers are worse off.
Aquifers have already been depleted so much that the entire Central Valley is sinking rapidly. Reservoirs are WELL below 50%, despite what this clip said (Shasta is reporting at 40% today, but driving over it it looks like maybe 10-20% full with no inflow).
So far this year along, over 1000 residential wells have gone dry. This includes many entire communities losing their drinking water supplies completely. The number of agriculture wells that can no longer function is uncountable. It’s estimated we will lose 2700 drinking water wells this year state wide.

The California water problem isn’t a pressing future issue, it’s an ongoing unmitigated disaster we’ve ignored for far too long. At this point, it’s likely insurmountable, and a collapse of California agriculture will make today’s inflation seem like the good old days when average workers could afford to eat. Start a garden, it’s going to get weird.

Rent: Last Week Tonight with John Oliver (HBO)

bobknight33 jokingly says...

@newtboy

With my dad passing last month he left me to deal with his rental house.

Dad, being a racist white Trump supporter screwed his tenant, which are black . That's how Trump supporters roll, right?

Dad taught me well and will deal with them according.

Zillow estimates rent to be 1500$/mo. Lucky he raised his rent before his passing.


Dads wishes is that this couple in their mid 80's can stay as long as they want with the same rent agreement as signed back in 97.

Dads rent went up 20$ to 695/month. Way below market value.
The other 3 kids want me to sell it. I offered this house to them at 50% market value. House is worth around 110K$

100 Days Building A Modern Underground Hut With A Grass Roof

eric3579 says...

Don't be so sure. Due to the incredible amounts of views/money these videos generate, I had/have always been skeptical of the legitimacy of them. The below video had exposed at least one of these channels builds https://youtu.be/YCyLWhPnq1M

(edit) a quick google estimated $3000-5000 for a million views. This video at 114 million views would come in at between $340,000-570,000. Seems like it would be a lucrative business to be in.

BSR said:

Don't need no stinkin' tape measure

JiggaJonson (Member Profile)

newtboy says...

Ouch. From $1222 to $702 and projected below $600. Gotta sting for anyone who took @bobknight33 ‘s advice, especially anyone “all in”.

The idea that it might bounce back like it once rose is naïve too…with serious production and labor issues and no longer being the only game in town, not even the best anymore by multiple different measurements, Tesla is looking like it’s bubble might be bursting.

Ouch.

JiggaJonson said:

https://www.investopedia.com/tesla-removed-from-widely-tracked-esg-index-5295510

https://www.nasdaq.com/articles/why-tesla-stock-fell-again-today

And i saw their price target went from $1,200 to $1,000 now it's down to $600 as a target.


Good luck with where the price is at.

WHOOPS!
I didn't mean to end a sentence with a preposition. I will correct.

Good luck with where the price is at, asshole.

When Democrats have all branches in their states

newtboy says...

So, Bobby, what is the 2020 Republican platform?
“Block Democrats from any progress”, absolutely nothing else.
There wa a proposal for a Republican Party platform….”1) raise taxes by $4500 on all low income people who today don’t pay taxes because they are below the poverty level and 2) end all social programs like Medicare, Medicare, social security, food assistance programs, etc. by “sun setting” any social program every 5 years and requiring the new legislature to start over from scratch (unless the right has control, then forget it).

“We cannot blame republicans (for rich people not paying taxes) when HOUSE democrats have the majority” 1) the tax breaks for the rich were enacted when Republicans held the house, senate, presidency, and a supermajority in the Supreme Court…a simple majority in the house and no where else after the fact does not give Democrats the ability to repeal a horrific law.

Then he wants to blame the California legislature for local groups fighting against low income housing in their neighborhood, for zoning and construction laws that severely limit where and how you can build. Such nonsense. The housing crisis in California is not limited to the homeless, there just aren’t enough houses to buy or rent. Pretending there are just no programs to secure housing, that the legislatures just don’t care and are ignoring the issue isn’t just ignorant, it’s outright dishonest. No surprise at all considering the source. California has a housing crisis, not simply an “ignoring the homeless “ problem. Property in California is so in demand that average workers are priced out of the market and fully employed people find themselves homeless. Red states have cheap property because successful professional people don’t want to live there, which leads to more affordable housing and fewer homeless. My property has quadrupled in value over 20 years, and I’m not in any town or city.

California just approved $12 BILLION to spend on our homeless issues. Red states pass laws essentially making homelessness a crime, so many homeless migrate to “blue states” where services exist and they aren’t put in jail for sleeping in public or loitering.

Texas just made it illegal for homeless people to camp in tents.

So, Bob, tell me about the Republican plans to house the homeless in red states. About all the services and assistance they want to provide but are blocked by democrats from moving forward. Show me the high end Republican neighborhoods inviting low income housing into their neighborhoods, keeping in mind that many, even in California, are right wing neighborhoods with Republican led local government that blocks construction.

You’ve tried this nonsense propaganda before, about 6 months ago when it was originally posted if I recall, I debunked it thoroughly then. So sad @bobknight33 can’t remember anything for over 3 seconds or he would recall the last time he posted this nonsense opinion piece and I rubbed his nose in it.

Downvote into oblivion this right wing projection,

Missouri tries to legislate reality away

newtboy says...

Using people as a wedge is upsetting. I wish the right would stop, but their platform is based on mutual hatred of the “other”, so ostracism is a main tool for them.
Trying to secure the rights of Americans to compete in publicly funded sports is not creating a wedge, it’s being a civic American where tolerance and inclusion of those different from you is a cornerstone of our national identity.

No, that’s not common sense. It’s a red herring you would use to deny non binary people the right to participate. As I showed, divisions based on biological “sex” lead to men (biological women) like the boxer above fighting against girls. Is that more “fair”? Hardly.

Yes, trans people follow those rules, and must be hormone supplement free for years before being allowed to compete in most arenas. Non trans people have access to the same supplements, and also need to stop them before they can compete professionally. People naturally have different levels of hormones, we don’t force them to suppress or enhance them to compete, nor do we exclude those with medical needs for supplemented hormones…unless they’re trans. Red herring.

What genitalia you have has no bearing on your performance in sports, unless there are competitive orgies I’m unaware of.

One or two trans athletes being outstanding proves the point that there isn’t a noticeable advantage….otherwise every sport would be dominated by trans athletes….and that’s simply not the case. I bet statistical analysis would show trans athletes are not better, but worse on average than their non altered counterparts for many reasons.

Funny how denying a group their rights to participate (or exist?) in your eyes is “equality” and equitable.

Edit: How do you feel about hormone testing to decide which group you compete in? Too much testosterone, or not enough estrogen, compete with the “Ts”,…below the line on testosterone, or above the line on estrogen, compete with the “Es”. Or how about just separate by body mass index? Now is the problem solved? Do you concede that now the debate is settled? LMFAHS!!

In your biased, ignorant little mind it’s settled, not the real world where facts override your ignorant feelings and misconceptions and people’s rights to participate in publicly sponsored competition aren’t over ridden by ignorance and thinly veiled hatred.

🤦‍♂️

bcglorf said:

@newtboy,

1. Given how few people are affected, I'd love to see way less coverage of trans-sports as a wedge issue to rally political bases

2. Failing that, isn't it clearly 100% common sense that the Men's and Women's sports divisions are NOT divisions applied based upon gender but instead upon biological sex, and as such should always have been a non-issue.

3. I really can't see the issue, if it must be raised, as anything other than a request for special exemptions to be made. Existing competitive sports are divided based on biological sex and most have requirements around usage of drugs, hormones and other performance enhancing substances. We have existing and established testing for both the biological sex and PED requirements. Applying those equally to everyone IS equality.

/s There, now the debates all settled /s

Absolutely insane crowd jams Raleigh street for home showing

newtboy says...

I think that house is listed almost $100000 below market value based on other home prices in Raleigh. Of course hundreds of people want it.
My neighbor just sold their tear down mobile home, listed for $250k, sold for $300k after 4 days. If you list your home with a low asking price, you will get offers, lots of offers. It’s nothing new.

Buy land, they aren’t making it anymore.

We WILL Fix Climate Change!

newtboy says...

What’s he mean “young people”? I’m 50, I’ve felt that way since 1990 because I pay attention. We are addicts, addicts use until they die, they don’t quit because their health suffers.

At 3 degrees some developing countries won’t be able to feed their population!?! WTF?! That was the case before any climate changes, dummy. It’s bad now. It will be apocalyptic relatively soon…like decades, not centuries.

WILL cause trillions in damage!?….guess again, already happened. It WILL cause tens of trillions in damage per year, eventually outpacing global gdp.

What scientists are he counting when he says “most agree” we won’t see this kind of future? Certainly not climate scientists, they agree it’s happening, and none see it even slowing, much less getting better. From what I saw, they just went on strike because they’re sick of being ignored.

Leveled off, eh? Look at your own graph to see that China’s coal consumption went up by 5000 twh equivalents since 2010, and is insanely massive…it went up by more than the US used at its highest levels (in his timeline). But he calls that “leveled off”. Who is this guy? He’s insane or lying through his teeth.

Solar and wind have been better than coal economically for decades, but we haven’t switched over, have we?

Where does he get his statistics, because every time I see real numbers we’ve only slowed our increased emissions by 4%, we have not actually reduced them….like saying Obama reduced the military budget because he didn’t increase it as much as previous administrations. It’s asinine.

India isn’t building trillions in solar, they’re building fossil fuel power plants and hydro electric, also disastrous for the environment….and useless after their glaciers fail.

The CO2 in the atmosphere will be there for 300-1000 years, carbon capture is a ridiculous pipe dream that completely ignores the scope of the problem. Methalhydrate is already destabilized, and it’s 25 times as potent as CO2. The total global amount of methane carbon bound up in these hydrate deposits is in the order of 1000 to 5000 gigatonnes – i.e. about 100 to 500 times more carbon than is released annually into the atmosphere by the burning of fossil fuels (coal, oil and gas). It’s melting now faster every day, and will surpass human carbon emissions.

None of his “requirements” are happening. What we need is less people….like 90% less.

Progress is being made, minor progress in small amounts on tiny scales…so are increases in emissions but on massive scales and unfathomable amounts….emissions that needed to be at zero decades ago to save civilization as we know it. Climate refugees exist today in huge numbers, think how difficult 1 million Syrians were for Europe to absorb, now multiply by 2000 or more when all equatorial nations become uninhabitable. Where will we grow food with refugees covering every bit of land? Get real.

He admits that stopping warming below 1.5 degrees is impossible, and 3 degrees before 2021 likely (many say by 2050). Did he forget that 1.5 degrees warming is where we lose control and feedback loops make our emissions moot?

Do you even science, dude?

He gave me zero hope, because I know most of his pie in the sky “hope” is utterly ridiculous and runs contrary to reality and human nature. I wanted some good news, I got pablum.
Booo Kurzgesagt. Try being honest and not ignoring the facts, please. BOOOOO!

Demi Moore Does One Armed Push-Ups!

newtboy says...

I also had no idea about her alopecia, and don’t care. She has the resources to buy wigs indistinguishable from her real hair if it mattered, but I don’t see why it should. She looks fine bald, why get upset over nothing?!

I had hair below my ass in my 20’s, then cut it to 1/4 inch long one day when my hairline started retreating, now I shave it. I’m lucky my head looks ok bald, because I have little choice these days.

Nothing wrong with being weird, lots wrong with being normal or average. Let your freak flag fly!

cloudballoon said:

I though so too. Watching the red carpet segment just before the Oscars, both my wife & I were talking about how great Jada looks bald (we don't pay attention to celebrity news, and we had no idea she got Alopecia before the slapping scandal).

I went bald once (accidentally) and due to the shape of my head, bald just doesn't look good on me, so I kind of envious of people like Jada, the Rock, etc. I'm weird I know.

Eta Carinae: 3D Model of the Most Dangerous Star Known

Pence Finally Tells The Truth

noseeem says...

Can only guess what BK33's video is about. Seeing "T*****'s lawer" and the "Q" in the corner, is like being offered a cold sore lipped kiss.

I'll pass.

If it was something about '16 vs '20 - it's a poor point. No one died. People were unhappy but compliant. No one lied that the votes were tainted. '16 was far more sane and civil.

AND LOOK WHO WAS INSTALLED IN 2016!

It was like a Prom fiasco where the frogs from the biology lab won both King and Queen. Just made a mockery of the Prom's First Dance.

All the more reason the objection(s) to the 2020 election was a travesty. 2016 installed one of the worst ever!

https://www.c-span.org/presidentsurvey2021/?page=overall

[Even ranked below a man that really never served. Man on his deathbed was considered a better President.]

JiggaJonson (Member Profile)

newtboy says...

To be fair, I brought up IQ when Bob accused me of being “stupid as shit” before going on to mangle his next sentence.

The only thing I think IQ measures is problem solving ability. It is not a good indicator for future success, happiness, knowledge, experience, morality, or opportunities. Far from an end all measure, but it can be a decent measure of expected limitations in certain arenas. It would not surprise me to find out that the school I went to in Texas had fairly high minimum IQ score requirements. The classes were all accelerated and well above grade level, and I’m sure they wouldn’t accept a below average intelligence student and doom them to failure.
And yes, I understand there are numerous examples of IQ and biased testing being used to separate, subjugate, and denigrate groups of people….my school may have used them to deny many non white applicants….it was a prep school in Texas.

JiggaJonson said:

You know, the IQ test doesn't really measure anything useful, has crazy limitations, and often produces inaccurate and wildly variable results, right?

There is one thing people in the early 20th century used it for tho, it's not surprising that you, sir, are fond of it

https://en.wikipedia.org/wiki/Intelligence_quotient#IQ_testing_and_the_eugenics_movement_in_the_United_States



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