🚀 FSD progression to rocket

Plus: Michael Dell praises Tesla, Nio's wonder battery, Tesla settles case and more

Hey S3XY 🧤, It’s been only few days since FSD v12.3 released and we already are seeing numerous net positives from all around. It is far from perfect to replace humans yet but point is when you go back in history and see evolution of marginal improvisations over different versions; it were tiny and took long to get out.
With completely new approach and raised training compute (which continues to increase) that phenomenon has changed completely, now rate of improvement has multiplied by factors at least with much lesser time to get deployed.
On this track we definitely are not decades away from; when human driving will be considered “unsafe“ than their counterpart “autonomous“.
And some other highlights from today’s letter 📨:

  • Price hikes in Europe and USA.

  • Sweden Tesla manager speaks out.

  • A heartful Tesla gesture.

  • VinFast founder’s new venture.

Let’s take a dive..👇🏻

$TSLA CHART

MARKET CAP 🤑

520.94 B

AVG VOL(30D)

102.10 M

VOLUME

97.15 M

TESLA BULLETS

Autonomy: Sumon and autopark due for big upgrade next month per Elon.

Settlement: Tesla settles a case filed by its ex employee on grounds of discrimination.

Rumour: Tesla might host next AI day in next month.

Discounts: Tesla China is offering discounts on Model Y HW3 of upto 10900 yuan.

Price hike: Model Y prices to increase in number of European countries from 22nd March by approximately 2000 euros. Also it will rise by $1000 from April 1st in the USA.

Sweden strike: Swedish Tesla manager speaks for first time with local media since beginning of strike almost 5 months ago.

Freebies: Tesla China is offering free paint upgrades for Model S and X.

Life saviour: Whenever Tesla saves a life, they have customer and fan for a life.

WHISPERS

With raised compute, it sure is going to bring in unprecedented progress.

Reminder: Teslas are safest cars out there.

Michael Dell is not yet another Elon fanboy, coming this from him speaks where we are headed in future with autonomous driving.
And Elon responds to him saying “V12.4 is another big jump in capabilities. Our constraint in training compute is much improved.”
Already talking about 12.4!

Little things that make Tesla special. It is so wholesome.

This truck is a beast.

INDUSTRY FILES

Share: Tesla supercharger network becomes officially available to Rivian customers.

Lasting batteries: Nio’s upcoming ET9 five minute recharge to take vehicle upto 158 miles and roughly 650 miles on full single recharge.

Cheap EVs: Chinese auto major Xpeng to launch new low cost brand so as to cater lower priced EV market.

Not so mega: Li Auto to lower sales target of newly launched “Mega” amid subdued response.

Orders: Zeekr gets more than 20K orders for 001 within first month of launch.

Hopeful: Huawei auto unit’s chairman Richard Yu remains optimistic about turning profitable this year.

Refresh: BYD launches updated “Frigate 07” with lower prices of upto 13% less than its predecessor.

More chargers: Founder of VinFast launches a new charging station company “V-Green”.

Electrifying trucks: Volvo Trucks has received an order for 100 electric trucks from logistics company DFDS.

Oil to chargers: Oil and gas supermajor BP, has acquired one of Europe’s largest truck stops and is planning to electrify the site with over 150 super-fast chargers.

QUIZ TIME

Which auto major is currently trading at PE of around 60? 🧐

  • Tesla

  • Tata Motors

  • Ferrari

  • BYD

Click here 🙋🏻 to know the answer.

BEFORE YOU GO

🕵🏻‍♂️ This day in history: On March 18, 1852, in New York City, Henry Wells and William G. Fargo along with several other investors joined to launch their namesake business, today one of the world's largest banks. It’s history here.

🏔️ Beautiful: When clouds play hide and seek with mountains.

🤣 Haha: Smoking comes with few benefits as well.

🚶‍♂️‍➡️ Out of box: Makeover of boring zebra crossing.

🤔 That’s thoughtful: Play by the rules, but be ferocious. ~ Phil Knight
Watch this amazing old interview of him.

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