🚀 Elon departs!

Plus: Xiaomi on cloud 9, Model Y price hike, GM messed up and more

Hey S3XY 🧤, Calm down, get over your weekend blues; its 1st April today!
God forbids any such departures though. And promise, we wouldn’t use that scary title ever.
Elon use to give infamously unreal timelines regarding goals and objectives, that seem to be changing lately. He now doesn’t spill out many beans as he use to before, his timelines also seem very inline now a days and he has been more prudent with his targets recently. Also his cautious moves and commentary regarding expansion plans looks like he slowly is transforming into much wiser leader.
Though his unrealistic targets were kind of necessary back than to keep Tesla afloat and now that he is seemingly more realistic kind of person, it’s good given the position that Tesla is in today. Kindly do not misinterpret Elon looking more reasonable here with ‘unambitious‘ Elon, it’s just about being more prudent vocally to larger and generalised set of audience.
And some other highlights from today’s letter 📨:

  • Beta out, Supervised in.

  • Unreal Tesla delivery experience.

  • Polestar 4 recalled.

  • Volkswagen autonomy dreams.

Let’s take a dive..👇🏻

$TSLA CHART

MARKET CAP 🤑

559.85 B

AVG VOL(30D)

97.26 M

VOLUME

77.65 M

TESLA BULLETS

Rate of progress: FSD v12.3.3 Beta Supervised is out and running.

Mindblown: Who in this world can even think about ‘vehicle delivery experience’ like this. RIP dealerships.

Future: What do you think these kids would want their parents to buy?

Price hike: Model Y price increased by $1K in US as previously announced. Also China saw increase of about $690.

Multibagger: Rightly pointed by Jason, Tesla is currently in another cycle of producing 10X returns.

Wow: Tesla leads in Sweden BEV market with 22.2% market share for Q1 despite roadblocks by IF Metall.

Beyond fanboys: New FSD trial is going to tease future to much wider set of audience. Here is Pat Walls who runs very popular blog/YT called ‘Starter Story’, looks excited by just another ‘very normal’ FSD behaviour.

CyberWorld: Tesla CyberHammer unboxing that you didn’t ask for.

Suspicious: Some necessary theories run down prior to much awaited Q1 delivery numbers, Coincidence or well thought of?

FSD: So Tesla had been hitting lots of curbs lately and with latest update it looks like its getting better at not driving over curbs. Important here to note the pace improvisation and not actual ‘curb’ scenario.

WHISPERS

Gosh, FSD on Hardware 4 is destined to blow away so many generalised human heads.

6 Million and counting.

Next generation would wonder that humans use to drive cars.

Kim Kardashian’s love for CyberTruck.

Please consider expanding.

INDUSTRY FILES

Dreamy start: Xiaomi receives 120K+ orders for SU7 in 36 hours.

Autonomy FOMO: Volkswagen CEO on developing autonomous vehicles with Mobileye partnership.

Ecosystem: Nio doing their part to not just compete with other EV players but converting ICE owners to EVs as well.

Price wars: Xiaomi undercuts Model 3, priced SU7 from $29869.

Research & ‘NO’ Development: We wonder about output of all these multi billion dollars of spend at GM every year. Conclusion - leaders matter most apart than 100 other things.

Freebies: Ford makes Tesla supercharger adapters available for free to its owners in US and Canada.

Orders: Since launching last month Zeekr 001 gets more than 30K firm orders.

Sayings: Once a wise man alien said ‘Prototypes are easy, production is hard’; watch this newly unveiled Xiaomi SU7 malfunctions.

Recall: Polestar 4 recalled to fix potential brake control software issue. 

Deliveries: Li Auto delivers 28984 cars in March and total Q1 deliveries exceeded revised guidance marginally.

THAT’S THOUGHTFUL

Play by the rules, but be ferocious.

Phil Knight

Phil giving away some pro business tips.
👇🏻

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