🚀 Tesla Europe is growing but..

Plus: China production cut, Li Auto's guidance, Zeekr "Mix" and more

Hey S3XY 🧤, In the first two months of 2024, Tesla witnessed growth of 40.7% for new car registrations in Europe (EU+EFTA+UK). Meanwhile Tesla China and USA are lagging with no to slow growth, Europe saves a day for Tesla.
Though important to note that despite huge growth, market share for Tesla in Europe remains at 2.8% which increased fractionally by only 20 basis points as compared to last year.
And some other highlights from today’s letter 📨:

  • Rivian running ads for Tesla!

  • VinFast recalls 6K cars.

  • Berlin expansion plan.

  • Maintenance heavy Chinese EVs.

Let’s take a dive..👇🏻

$TSLA CHART

MARKET CAP 🤑

550.40 B

AVG VOL(30D)

97.54 M

VOLUME

73.18 M

TESLA BULLETS

Good European numbers: Unlike China and USA, Tesla grew 40% + YoY in Europe during first two months of 2024.

Ohoh: Tesla cuts production at Giga Shanghai amid sluggish demand.

Parking: Tesla releases new “Autopark” feature in latest software update.

Expansion: New Tesla Giga Berlin expansion plan is on display at Grünheide municipal office.

Referrals: Tesla has reintroduced the referral program award that allows you to accelerate your Cybertruck delivery for 30,000 credits.

Superchargers: Tesla expanding their supercharger network in Malaysia.

Loopholes: How Tesla has found a way to grow in Sweden despite all dirty tactics by IF Metall.

Leg pullers: U.S. Senator Elizabeth Warren has called for the SEC to investigate Tesla and its Board of Directors for “failing to manage the actions of CEO Elon Musk in his dual role as CEO of Twitter and Tesla.”

Refreshed Model Y: With most folks asking same question about “Juniper” timeline, expect (hopefully) to hear something over this in upcoming official “Tesla Model Y” Q & A.

WHISPERS

Even if (though chances are paper thin) anybody could crack the fully autonomous vehicle tech in near future apart than Tesla; approach (cost) to autonomy would be deciding factor in its success.
For now Tesla looks like an absolute monopoly from that angle.

Sandy Munro explores what’s under the beast.

That must be the biggest “car” Tesla FSD visualisation had ever seen.

Do you belong to 1% club who has some idea over what’s happening in and around Tesla FSD & AI at large.

Did somebody already tested that newly launched CyberHammer?

INDUSTRY FILES

U turn: Rivian - A Tesla killer! running paid ads on Meta stating that it’s owners can now use Tesla Supercharging locations to charge their vehicles.

Teasing: Nio’s William Li talks about Onvo L60, a competitor to Tesla Model Y.

New market: BYD officially enters in Greek market with Atto 3 and Seal launch.

Maintenance: Cheap to buy but costly to maintain Chinese EVs discourages buyers in UK.

Push back: Bentley delays both; its first EV launch and going all electric target.

Low cost: Audi latest to join other OEMs to enter low cost electric car market.

Negative: Li Auto updates its guidance on a much lower side than previous projections.

Launch: Zeekr gearing up to launch “Mix”, a family oriented luxury midsize SUV.

Recall: VinFast recalls nearly 6000 vehicles after fault in their indicator system was discovered.

QUIZ TIME

Tesla does direct selling through its website and company owned stores unlike Ford which has about ……… dealerships across USA. 🧐

  • 340

  • 2230

  • 3000

  • 4500

Click here 🙋🏻 to know the answer.

BEFORE YOU GO

🕵🏻‍♂️ This day in history: On this day in 1765 the British Parliament passed the Stamp Act, which placed taxes on various printed papers in the colonies; highly unpopular, the legislation was particularly contentious in America.

🐡 Amazed: We bet you haven’t seen anything like this living creature.

☕️ Coffee: You would have never guessed how Starbucks got its name.

🦾 Ouch: I wouldn’t dare to tease that girl ever.

🤔 That’s thoughtful: Success is often achieved by those who don’t know that failure is inevitable. ~ Coco Chanel
Know more about Coco here.

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