🚀 Price cuts at Tesla

Hey S3XY 🧤, Last weekend saw price drops across most models in all the major regions Tesla operates in. One time Full Self Driving (Supervised) also got cheaper by $4000 which was inevitable after FSD monthly plans witnessed 50% price cuts recently.
Every car company frequently changes price of their cars, though it doesn’t get hyped because its hidden due to dealership structure via markups and incentives/discounts.
And some other highlights from today’s letter 📨:

• Elon's India trip postponed.

• ‘X’ and ‘Grok’ in Tesla.

• Baidu and Tesla partnership.

• FSD v12.3.5 rolls out.

Let’s take a dive..👇🏻

$TSLA CHART

TESLA BULLETS

Price cuts: Tesla has lowered prices in China across complete lineup from 5% to 20%, Europe saw decline by £2000 to £3000 and in US by $2000 on Model S, X and Y.

Cheap: One time FSD price drops to $8000 from $12000 previously.

More compute: Special neural nets for Robotaxi that is seperate from current FSD, is it for real?

Testing: FSD child mannequin test for Dan O’Dowd.

Tesla Energy: Guess who is going to get most benefits from surge in demand for storage batteries.

Twitter: Tesla to soon integrate ‘X’ app into cars.

Bots are coming: Elon thinks that every middle class household will have $1000K/month robot in their home within 7 years.

Price changes: Tesla’s frequent price changes is in direct correlation with demand and supply (production), per Elon.

Autonomy: FSD could soon launch in China as well.

Referrals: Tesla to launch new referral program in few months, all existing earned credits will be rolled over.

Change of plans: “Very heavy Tesla obligations” delays Elon’s trip to India until later this year.

Update: FSD v12.3.5 starts rolling out to first batch of employees.

Partnership: Tesla will bring Baidu Map to all its users in China.

WHISPERS

$100+ billion in profits just off Robotaxi in future. Interesting.

If you can’t convince them, confuse them.

Grok is coming to Tesla soon.

After not so great year at Tesla, Elon still thinks that Tesla could be valued 5x - 10x over long run.

Bots are inevitable.

INDUSTRY FILES

Huge: LG Energy receives $4.3 billion worth of order from Tesla.

RIP ICE: In the first fortnight of April, New Energy Vehicles sale (NEV) in China surpassed ICE vehicles.

Shark is coming: BYD names it’s first pickup truck model ‘Shark’. 

Unveil: Honda gears up to launch three electric vehicle models in China.

Order book: Li Auto's new extended-range electric vehicle (EREV) model, the Li L6, has seen much lower initial acceptance than its flagship SUV, the Li L9, despite a lower price.

Variants: BYD has rolled out the Glory Edition updates for the Tang EV and Tang DM-p with lower prices.

Research: Can rechargeable magnesium batteries could challenge li-ion dominance?

New market: Honda Motor Co is close to finalizing an agreement with Canada to establish electric vehicle manufacturing operations and produce components in Ontario.

Growth: Q1 2024, VinFast delivered nearly 9,700 electric vehicles, marking a remarkable 444% surge YoY. 

Price cuts: Li Auto cuts prices of all models except Li L6.

Expansion: The car manufacturer Chery, will produce electric cars at a plant in Barcelona together with the Spanish car manufacturer Ebro-EV Motors.

THAT’S THOUGHTFUL

Tim Cook made Apple the most successful company on the planet. Here’s how he did it.
👇🏻

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