🚀 Overflowing Letters to Shareholders!

Hey S3XY 🧤, Tesla has issued another letter to shareholders, underscoring the critical importance of voting on two key proposals: Elon Musk's compensation package and the relocation of Tesla’s headquarters to Texas.

In a twist, there is also "Against" case by some investment and pension funds urging votes against the reappointment of Kimbal Musk and James Murdoch, Elon Musk's compensation package, and the move to Texas. This opposing letter argues that Tesla's board lacks independence, criticizes the company's financial performance in recent years, and highlights issues with human capital management, among other concerns.

And some other highlights from today’s letter 📨:

• Airbnb and ChargePoint partners.

• Growing VinFast troubles.

• CyberTruck Foundation Series update.

• Nio’s unusual partnership.

Let’s take a dive..👇🏻

$TSLA CHART

TESLA BULLETS

Love Vote letters: Tesla submits yet another 14A to SEC, it includes newest letter to stockholders, tiny updates over VoteTesla website and Elon’s ‘X’ post.

Political sayings: German Federal Minister of the Interior Nancy Faeser expects protests against Tesla to remain violent.

Letter ‘Against’ Tesla: Not everyone is voting ‘For’ Tesla, not government pension funds at least.

Autonomy faceoff: Tomorrow at the Grand Ridge Virtual Association (GRVA) 2024, Tesla, along with other automakers, will show off the best of their autonomous driving solutions.

Pickup stuff: Cybertruck Program Manager debunks rumors about the Foundation Series ending.

EU numbers: Tesla sells 13951 units in April in EU + EFTA + UK, against 14278 in last year. Note that many EU countries witnessed adverse incentives against BEVs this year including biggies like Germany.

AI: Elon attends AI Seoul Summit virtually which focused upon AI safety going forward.

Range: Model 3 Performance officially receives EPA range rating of 303 miles.

Megapack: Tesla battery installed to allow storing solar energy to operate a 200-room hotel during peak hours—electricity demand.

Bidding wars: Shell out few extra thousands of dollars and get CyberTruck right away.

WHISPERS

Tasha Keeney of ARK addresses Uber drivers' future with arrival of autonomous vehicles.

FSD knows when to break rules and when not to.

That’s not a Ferrari.

If previous breakdown by Sandy on CyberTruck battery pack wasn’t enough, he dived more deep!

Saving green while going green!

INDUSTRY FILES

Fundraise: Nio to raise capital via issuing class A ordinary shares while structuring issuance in such a way that complies with complex Chinese regulations and still using funds as and where needed.

Charging infra: Airbnb and ChargePoint have partnered to help homestay hosts install EV chargers in the US in the face of growing demand.

Swappers: Dive into swapping economics of Nio.

Lacking perseverance: In 1990s GM came up with EV and killed it within four years, Elon has some thoughts about it.

Getting better: The new study found that battery replacement rates for EVs built before 2015 are as high as 13%, but for vehicles from 2016 or newer, they drop to 1% or less.

Teasing: Hyundai shows off ‘bigger, better, faster’ EVs in new promo video.

Ohoh: NHTSA has launched an investigation into an accident last month involving a VinFast VF8 in which four people were killed.

Exploration: Nio has entered into a partnership with a local university in Hungary, as the Chinese electric vehicle maker tries to expand its presence in Europe.

Growth: Chinese power battery giant Contemporary Amperex Technology Co Ltd is making expanding overseas a top priority as it sees less room for growth in the competitive domestic market.

THAT’S THOUGHTFUL

Henry’s amazing life story.
👇🏻

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