🚀 FSD coming in China

Hey S3XY 🧤, A lot can happen over weekend in the Elonverse. Last Friday NHTSA said to open a new probe to assess whether the recent recall for over 2 million cars back in December actually did enough to address safety concerns surrounding its Autopilot driver assistance system. Also some stupid retarded billionaire named Dustin Moskovitz threw baseless allegations against Tesla and compared it with ‘Enron‘.
Though thankfully Elon’s China visit over this weekend trashed out all stupid stuff and big news came in that Tesla cleared essential regulatory hurdles to launch FSD in China. Also partnership with China’s Baidu would fast progress it’s autonomy dreams in the country.
And some other highlights from today’s letter 📨:

• Another bot in town.

• Huge investment in AI by Tesla.

• Hyundai and Baidu partnership.

• Nio tries solid state batteries.

Let’s take a dive..👇🏻

$TSLA CHART

TESLA BULLETS

China FSD: Tesla passes the national authoritative vehicle data inspection in China which brings it closer to launch FSD in the country.

Beyond manufacturing: China’s Premier Li Qiang met with Tesla CEO Elon Musk and hinted that country is open to deepen business relationship with foreign funded enterprises.

Handshake: Tesla partners with Baidu for mapping and navigation functions to fast pace FSD rollout in China.

Market share: There are other self driving contenders which are going after specific part of a city at a time then there is Tesla which is going after countries all together.

Advancement: FSD v12.3.6 rolls out with new Autopark functionality for vehicles with ultrasonic sensors.

Investment: Per Elon, Tesla to spend about $10 billion this year in data training and inference AI.

First timer: Rikard Fredriksson from the Swedish Transport Administration experiences Tesla FSD for first time and looks super impressed.

Tour: Tesla to take CyberTruck for spin all over the Europe.

Price hike: Tesla increases price of Model 3 Performance by $1000, just few days after the launch.

Autonomy: FSD prediction game is already at par with human counterpart in most scenarios if not better.

WHISPERS

CyberTruck taken off road.

Tesla isn’t just any other car company, it’s an ocean full of emotions, drama, passion and relentless vision of Elon & team to make it work.

Interesting that Tesla Energy alone is doing more revenue than whole Nio or Xpeng & Polestar combined.

When CyberTruck gets ‘LA’ makeover.

Wow, don’t sleep on robotics potential. Here is glimpse of Chinese bot.

INDUSTRY FILES

Bots are coming: There is opportunity to ship ‘billions’ of robots in coming decade, per Brett Adcock of Figure Robotics.

Trap: Few weeks back, Fisker put up more than 40% off its ‘Ocean’; don’t fall for this trap, it probably is still very bad deal.

Praise: Xpeng CEO welcomes Tesla to bring FSD to China.

Battery tech: Nio has begun trial operations of the 150-kWh semi-solid battery pack, with official operations of the ultra-long-range battery pack set to begin a month later.

Supplier: CATL and Hyundai enters into strategic partnership to power Hyundai’s upcoming EVs with CATL batteries.

Smart cars: Hyundai signed an agreement with Chinese tech giant Baidu to develop technologies for connected cars, including autonomous software, artificial intelligence (AI), and more.

Another chance: HiPhi has recently received a strategic investment from a Hong Kong-based organization that will help it resume operations and production.

Solid batteries: CATL aims to produce all-solid-state batteries in small batches by 2027, but high-volume production will still face challenges including cost, an executive said.

THAT’S THOUGHTFUL

Glen on how writing changes everything.
👇🏻

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