🚀 Ex-employee liquidates TSLA

Hey S3XY 🧤, Andrew David Baglino a.k.a. Drew baglino who has been with Tesla for good 18 long years, recently departed from Tesla creating temporary vacuum over his position of SVP, Powertrain and Energy Engineering; liquidated his most shares in TSLA for about $180 million (retained about 30K shares).
Before making any speculations about his confidence in TSLA, know that under normal circumstances the Stock Options held by executives have to be disposed off within 90 days of leaving the company.
Though there are ways that he could have chosen to retain those shares (significant of them) but it would have come at huge taxation cost to him.
And some other highlights from today’s letter 📨:

• Ron Baron’s bullish commentary.

• Mobileye’s bad Q1.

• EV incentives in Washington.

• CyberTruck at airshow.

Let’s take a dive..👇🏻

$TSLA CHART

TESLA BULLETS

Normal stuff, abnormal amount: After recent departure from Tesla, Drew Baglino liquidates his TSLA position and it’s good amount, umm.. beyond good.

Lease vs. outright purchase: Why Tesla’s leasing share have dropped to an all-time low in Q1 2024 to just 1.96% and impact on Q2 delivery numbers.

Autonomy: It’s amazing that FSD could sneak through such small gap in a most elegant manner possible.

Inside Tesla China: Tesla China Vice President Tao Lin speaks about all things Tesla China and how far company has come in just 10 years (With English subtitles).

Fast: See what’s changed between new & first generation Tesla Model 3 Performance.

Energy: 334 Megapacks spotted yesterday at the Lathrop Megafactory, California.

Details: FSD could see what human eyes couldn’t, reaction time is far superior than human counterpart.

Price cuts: Tesla Korea cuts the price of the Model Y by 2 million won ($1,455).

Safest: When it comes to safety, Teslas are really underrated in this regard. It’s so refreshing to see how engineers put in some thoughtfulness while designing the boring ‘hood’.

Future: Students gets inside view of Giga Berlin.

WHISPERS

Ron Baron on why he thinks that TSLA has already bottomed and so ready to take off from here.

(Representative) Mr. Sawyer Merritt seen destroying some Tesla FUDs on mainstream media.

One chart to see performance of all major auto companies from Q4, 2023 to Q1, 2024.

Lars Moravy, VP, Vehicle Engineering at Tesla speaks about Model 3 Performance.

Wow, CyberTrucks at airshow. Yes airshow.

INDUSTRY FILES

EV transition: Washington state sets up new EV incentives programme wherein eligible candidates would receive up to $9,000 for a new EV lease of three years or more.

For real: Talking about margins, Ford’s Q1 BEV margin came in at negative 1320%!

Prototypes: Volkswagen brought 44 cars with it at Beijing Auto Show to China this week as a show of force—half of them being EVs.

EV dreams: Toyota announced it’s preparing its three-row electric SUV as part of a new $1.4 billion investment in Indiana.

Conversion: Hyundai will add hybrid production lines at its dedicated EV plant in Georgia as demand rises.

Investment: Honda confirmed plans to expand its manufacturing presence in Canada to build electric vehicles. The Japanese automaker announced a massive $11 billion investment.

LiDARs? Mobileye misses earnings, revenue falls short of expectation.

Ouch: LG Energy Solution posted a provisional sales decline of 29.9% year-over-year, amounting to $4.46 billion. It also reported an operating profit of $114 million, down 75.2% compared to the previous year.

THAT’S THOUGHTFUL

Jack Dorsey shared some advice to young innovators.
👇🏻

SHARE 69 SHADES OF TESLA

Honey, I am smelling some possessive bitch vibes here. 🤣 Come on…share me with your friends and spread some love along the way…🫶🏻

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