🚀 CyberTruck going places

Plus: Fire sale at Fisker, BYD cools down, Hyundai goes all in and more

Hey S3XY 🧤, Few months back Elon predicted that CyberTruck’s production would be north of 200K units per annum eventually but it looks like that number might soon be due for revision as people not only in US but all over the world seem to love the futuristic truck.
Think this, tiny Thailand alone sells over 300K pickup trucks every year, though at bit lower price point but few years down the line when Tesla sets up production line somewhere in Asia and churns out lower priced variant; Asian region would open up huge new market for Tesla.
Even Americas might surprise with demand for CyberTruck.
And some other highlights from today’s letter 📨:

  • Partial Canadian province.

  • Fisker dipping ‘Ocean’.

  • Andrej Karpathy on Tesla.

  • Sanctuary AI’s investment round.

Let’s take a dive..👇🏻

$TSLA CHART

MARKET CAP 🤑

572.72 B

AVG VOL(30D)

97.38 M

VOLUME

81.80 M

TESLA BULLETS

Cyberland: Look what just landed in Thai-land. And guess what, more than 40% of passenger vehicles sold in Thailand are pickup trucks.

That’s sad: Canadian province Newfoundland and Labrador extends EV rebate till next year but excludes Tesla from eligibility on the grounds of “no dealerships present”.

Milestone: Tesla’s total cumulative count of vehicles on Australian roads breaches 100K mark.

Mexican files: Rohan Patel, clarifies over ongoing Tesla-Mexico charging connector issue.

Turnaround: Brad Gerstner, CEO on Altimeter Capital on why he turned bullish on Tesla.

Consumer’s choice: It’s amazing that Tesla performed so well in Sweden despite all dirty tactics by IF Metall.

Autonomy: Interesting job posting by Tesla AI.

Ocean sinks: Tesla drops ‘Fisker Ocean’ for trade ins amid uncertain Fisker future.

WHISPERS

Andrej Karpathy on his old boss (Elon) and culture at Tesla.

This tug-of-war, unlike you have ever seen before.

Antonio Gracias speaks about Elon.

Munro drops battery pack off CyberTruck.

Look who is praising Tesla FSD.

INDUSTRY FILES

Bots are coming: Sanctuary AI found new strategic investor “Accenture” to bring humanoids sooner.

Goodbye: Fire sale by Fisker as it slashes prices of ‘Ocean’ by upto 39%.

Guidance revision: After most of its Chinese peers, Nio cuts Q1 delivery guidance.

That’s huge: Hyundai plans massive $50+ billions of investment over time to transition from ICE to top EV player.

Inevitable: Toyota buying more time in hopes to change its ‘laggard’ EV position by actively lobbying to delay EV shift.

Trucking batteries: HD Hyundai Infracore (HDI) is set to debut a new, 35 kWh lithium phosphate battery pack to power the next generation of electrified commercial equipment.

Specification: Xiaomi SU7 core specs leaked hours before official launch.

Chasing growth: EV slow down hits BYD as it delays plan to build manufacturing unit in Vietnam.

THAT’S THOUGHTFUL

The goal as a company is to have customer service that is not just the best, but legendary.

Sam Walton

Sam Walton receiving Presidential Medal of Freedom.
👇🏻

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