🚀 Tesla leads the smart car race

Plus: China numbers, Stellantis results, NHTSA's Ford probe and more

Hey S3XY 🧤, There are cars that depreciates in value and charm, then there are cars which might depreciates money wise but not essentially on functional parameters as older generations use to. A straightforward software update can inject a fresh appeal into otherwise 'boring' cars.
Autonomy presents another facet of smart cars where Tesla remains virtually uncontested, but let's set autonomy aside for now and focus on the multitude of updates Tesla continuously rolls out to enhance the vehicle experience.
With the upcoming CyberTruck software update, Tesla aims to enhance handling and traction control, achieving greater stability while exploring off-road capabilities and utilizing locking differentials in slippery or uneven terrain. This promises a whole new vehicle experience, especially in off-road conditions.
By the way, have you ever witnessed any pickup truck significantly improving its off-road capabilities to this extent through a simple software update?
And some other highlights from today’s letter 📨:

  • Fitness center at Giga Berlin.

  • Adam’s new TSLA note.

  • Dan O’Dowd speaks about old Tesla feud.

  • Mercedes Q1 results.

Let’s take a dive..👇🏻

$TSLA CHART

MARKET CAP 🤑

618.86 B

AVG VOL(30D)

103.99 M

VOLUME

243.87 M

TESLA BULLETS

Smart truck: This ain’t just any other pickup truck, this is most tech enabled with no competition in sight, CyberTruck.

Wow: Tent mode in CyberTruck uses the vehicle’s air suspension to level the bed, for a comfortable sleeping experience.

Competition: Lin Bin co-founder and vice chairman of Xiaomi, is very impressed by Tesla FSD after taking a ride in.

Layoffs: Two more high level exits; Rebecca Tinucci, senior director Supercharger business, and Daniel Ho, head of new products, are departing.

Autonomy: Tesla preparing for world domination, FSD could soon land in Korea.

Tour: CyberTruck’s tour of Europe and Middle East detailed with more than 100 locations.

Tesla Energy: Tesla has secured a new ~$650 million contract to build the largest battery energy storage system in Australia.

Analyst: Adam’s new note dropped citing Elon’s commitment to Tesla remains intact even after unfavourable Delaware ruling.

Perks: Giga Berlin gets proactive regarding employee occupational safety; takes preventive approach by building fitness studio on site among other things.

China numbers: Tesla China insurance registrations for week April 22 - 28 came in at 14800 units.

WHISPERS

This list is due to some major makeover by 8/8.

Revisiting Elon v19.9.8; Currently running v20.2.4.

Ever wondered when and how Dan O’Dowd turned anti Tesla & Elon, listen from the guy himself about what happened back in 2015.

Compute cluster cooling structure taking shape at Giga Texas.

The 8/8 saga.

INDUSTRY FILES

Upto 80% in 10 minutes: A prototype Polestar 5 powered by Storedot’s XFC battery cells brought extreme fast charging a step closer following the successful demonstration of the company’s next-generation battery pack.

Performance: Mercedes reports Q1 results, revenue with a slight drop YoY came in at £35.87 billion.

Relaunch: Ford Pro is now taking orders for the newest version of its commercial EV, the E-Transit, with up to 32% more range and faster charge times.

Milestone: With only 32 days elapsed since the unveiling of SU7, Xiaomi accomplished a significant milestone by producing 10,000 units.

Results: Stellantis revenue fell in the first quarter on lower sales volumes and an unfavorable mix, missing analysts’ expectations, but the carmaker backed its full-year guidance.

EVs: Ford is doubling down on electric vehicles despite the fact that its Model e unit reported heavy losses in the first quarter.

Earnings: BYD reported $17.25 billion revenue in the first quarter, up 3.97% YoY.

Probe: NHTSA has officially opened a preliminary probe into Ford’s BlueCruise driver-assist software, following reports of two accidents.

Encouraging: Li Auto said cumulative orders for the Li L6 exceeded 20,000 units, 12 days after the launch of the extended-range electric vehicle (EREV).

THAT’S THOUGHTFUL

It takes as much energy to wish as it does to plan.

Eleanor Roosevelt former First Lady of the United States

Unlike just spouse to president, she was the real ‘first lady‘.
👇🏻

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