🚀 Tesla China doing poorly?

Hey S3XY 🧤, For last week Tesla China reported moderate 12K registrations despite temporary discounts in local market, this could be due to priority shipments to Europe so as to cater to European demand while production at Giga Berlin was halted or maybe Chinese customers awaiting Refreshed Model Y or Tesla doesn’t have supply problem any more with existing offerings!
And some other highlights from today’s letter 📨:

• Model 3 LR awarded.

• Elon comments of FSD.

• Sam Altman on robots.

• Nvidia and Chinese auto mingles.

Let’s take a dive..👇🏻

$TSLA CHART

TESLA BULLETS

China numbers: Tesla China reports 12K registrations for week March 11-17. That is -25.7% QoQ and -3.9% YoY.

Awards: Tesla Model 3 LR named best Urban EV under $100K by Drive Australia.

Gift: Giga Texas sends a goodie to their sibling Giga Berlin.

Software update: First CyberTruck update has been dropped.

Autonomy: Elon giving very specific hint at future of FSD, says 3 significant improvements every 15 days! Looks like whole talk has been shifted from decades to months now.

Share: Tesla continues to expand its charging locations in China to other EVs.

FSD: Tesla FSD v12.3 flawlessly driving around roundabouts.

WHISPERS

You can’t afford to miss this supercut keynote by Nvidia boss if you are following the world of robotics and autonomous cars.

So you heard that it will be boring 2024 for Tesla, think again.

Watch Don Lemon interview with Elon and see for yourself if Elon did that the right thing by cancelling mind virus.
We believe it was pure waste of Elon’s time.

Sam Altman on “robots” in his recent interview with Lex.
Full interview here.

If not 2024, we most probably might see some kind of licensing deal by next year on FSD front.

INDUSTRY FILES

Bots are coming: With newly announced Nvidia robotic tech stack, expect to see accelerated inflow of startups in the world of robotics.

Handshake: BYD along with several other Chinese auto majors, joins/expands their collaboration with Nvidia to accelerate development of autonomous driving capabilities.

Nio’s phone strategy: Second gen NIO phone is coming and why phone in first place? You must listen to this.

Firefly: See spy shots of to be launched new low cost compact EV by Nio.

Sinking ship: Fisker to pause production for six weeks and secures commitment of upto $150 million from existing investors.

Competition: Audi unveils Q6 E-Tron with 300 miles of range.

Low cost EVs: Ford is planning lower cost all electric pickup and compact SUV.

Dying ICE: CEO of BYD says sale of New Energy Vehicles to surpass ICE within next three months in China.

QUIZ TIME

Elon’s sister Tosca Musk co-founded which of the following company? 🧐

• Square Roots

• Passion Flix

• Spanx

• Bumble

Click here 🙋🏻 to know the answer.

BEFORE YOU GO

🕵🏻‍♂️ This day in history: Elvis Presley bought the 23-room manor at 3764 South Bellevue Boulevard on March 19, 1957; famously known as “Graceland“.

🎥 Skills: Wow this cameraman locked in a subject matter perfectly.

🥤 I like it sweet: When nature decides to sweeten your drink little bit.

🌈 Colourful: The psychology behind colors, anyone?

🤔 That’s thoughtful: You only have to do a few things right in your life so long as you don’t do too many things wrong. ~ Warren Buffett
See his latest shareholder letter where he praises his longtime friend and business partner Charlie Munger.

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