🚀 Tesla seeks shareholders support

Hey S3XY 🧤, Tesla has filed its 14A Proxy Statement, in which it seeks vote over relocating Tesla to Texas from Delaware and Elon’s compensation package among other items.
Unusual scenario here is that Tesla has launched a new dedicated website to create awareness and going pro about 2 proposed items of 12 from that proxy statement which is over Elon’s pay package. It is indeed one of the most important factor over fate of Tesla. But notice the tag of this website that Tesla has created: SupportTeslaValue[DOT]com - Protecting Your Investment and Tesla’s Future.
So talking broadly, moving forward Tesla fate (kind of) lies over these two proposals.
And some other highlights from today’s letter 📨:

• Robot from co-founder of Mobileye.

• Hyundai, most efficient EVs.

• Tesla Q1 delivery miss explainer.

• European Union Q1 sales data.

Let’s take a dive..👇🏻

$TSLA CHART

TESLA BULLETS

Vote: Tesla files its 14A Proxy Statement. Tesla chair asks shareholders to re-elect Kimbal Musk and James Murdoch to the board, approve moving Tesla’s state of incorporation to Texas, ratifying elon’s 2018 compensation plan and 9 other items. Read the entire statement here.

Ludicrous: Some Model 3 Performance details as found in configurator source code.

Deserving: Even institutional shareholders at Tesla came out to support ‘Elon’s compensation plan’.

Sales push: Tesla offers 0.00% interest rate in Germany for Model Y Long Range 4WD and Performance orders until June 30, 2024 or until inventory runs out.

Updates: Here are most of the Tesla updates coming in software version 2024.14.

Going pro: Tesla has launched a new dedicated website in connection with its 2024 annual shareholder meeting covering 2 agendas: Reincorporate Tesla in Texas and Elon’s compensation package.

Cost cutting: Tesla to cut 14% workforce at its factory in Buffalo, New York.

Low deliveries: If you are still scratching your head over Tesla Q1 delivery miss, this explainer is for you.

Analyst: Adam Jonas new Tesla note covering macro EV industry headwinds and reasoning behind being overweight on Tesla unlike their peers.

Q&A: Tesla Q1 question submission board is now open. See the top questions here.

Being cautious: CyberTruck deliveries has resumed.

WHISPERS

Remember few days back when ‘Miss Jillybean’ challenged Dan O’Dowd to test FSD with her, looks like it is happening soon.

Boston Dynamics unveils new fully electric Atlas robot designed for real-world applications.

Mentee Robotics co-founded by Mobileye's CEO in 2022 just released a impressive video of their MenteeBot.

Q1 estimate by ‘AJ’.

Like it, hate it but this sure is one of the most craziest CyberTruck wrap.

INDUSTRY FILES

Chart: BYD’s delivery mix of BEVs and Hybrids throughout the years.

Topping the list: Cox Automotive published a report of Q1 EV sales by model and brand. Tesla came out as undisputed winner with 51.3% market share.

Strategy: Nissan will adopt Giga castings pioneered by Tesla and bets big on solid state batteries.

Unveil: Lotus Eletre Super SUV priced from $107,000 in the U.S.

Market share: European Union car registration data out for full Q1-2024, Tesla’s overall market share dips to 2.5% from 2.9% last year.

Cost cutting: Rivian started on Wednesday a second round of layoffs this year.

Efficiency: In 2024, Hyundai has six of the top ten most fuel-efficient EVs in the US, not a single Tesla in this list!

Cheapest: Zhido, one of China's earliest EV maker, has rolled out a new EV model with starting price of about $4000.

Launch: Li Auto will start deliveries of the Li L6 next week, it will be the automaker's least expensive vehicle.

Taking a cue: Another Chinese car maker to launch a smartphone to provide better connectivity experience.

THAT’S THOUGHTFUL

A clip from Lex Fridman podcast where Elon talks about Larry and their friendship.
👇🏻

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