Elon Musk: A Different Conversation w/ Nikhil Kamath· Nov 30, 2025
Lean into scarcity and physics: own live-event assets poised to price scarcity, back U.S. mobile exposure insulated from Starlink’s urban limits, and keep measured optionality on Tesla’s near-term AI/robotics milestones.
Position Reasoning
Benefit from constrained Starlink urban substitution and continued 5G/rural expansion; Musk’s physics-based cap reduces a headline risk premium on carriers.