🚀 Will Elon bend now that yet another union extend its support to IF Metall

Hey S3XY 🧤, another trade union from Sweden ‘Seko’ threatens to join ongoing strike which might severely affect Tesla’s charging infrastructure.
“IF Metall strike is important for the entire Swedish collective agreement model,” Seko President Gabriella Lavecchia said of the planned strike.
Some other highlights from today’s letter 📨:

• Rohan Patel, VP at Tesla has something to say over Giga Berlin scenario.

• Elon comments over Lucid CEO.

• How Daimler once saved Tesla.

• Rivian and Lucid on path to failure.

Let’s take a dive..👇🏻

$TSLA CHART

TESLA BULLETS

Growing troubles: Swedish trade union Seko to join IF Metall. Elon has March 4 as deadline to reach collective bargaining agreement else Tesla supercharging stations might not get serviced.

Join: Tesla turns to their customers for support in Oklahoma so as to oppose LB 891 bill. Know more about this bill here.

Sighting: Cybertruck arrives in S. Korea and is ready for showcase.

Relief: Rohan Patel, Vice President - BizDev and Policy at Tesla clarifies about Giga Berlin situation and said it would have zero impact over expansion plan as against media narrative.

Savior: It’s been 15 years since Daimler’s mere $50M investment saved Tesla from going bankrupt. BTW for that $50M it got 9% of Tesla back then which Daimler eventually liquidated little too soon.

Huge: Tesla is big in California, way big than most people realise and is fighting for No. 1 spot in sales overall(read overall not just EVs).

WHISPERS

Free press, Tesla gets in front of millions for free and we rant about advertising all day!
Cybertruck might not be a great contributor to Tesla’s overall revenue but it surely would have flywheel effect on Tesla.

Just Elon breaking some facts about Lucid CEO who also happens to be past Tesla employee.

Teleport yourself to see Elon v 6.9 from 1995.

Stellantis patented “fake vibration” to mimic ICE cars. When will they get over ICE?
This is where legacy automotive’s prime focus is (in these transitional times) instead of ... Long live.

Free cash flow situation. See the difference!

INDUSTRY FILES

Rest in Peace: Rivian lost $43,372 for every vehicle that they delivered in Q4 2023 (vs $30k in Q3). It lost $124k per vehicle in Q4 2022. See results here.
And is slashing 10% of it’s salaried employees.

Rest in Peace before Rivian: Lucid lost about $377,000 for every vehicle that they delivered in Q4 2023. Results here.
And its CEO who drew $379M pay package previously is doing this.

Lone warrior: Toyota seeking help of other automakers to join forces so as to save on its hydrogen dreams.

Requalify: Cadillac Lyriq again qualifies for $7,500 US EV tax credit.

Expansion: Xpeng signs new dealers in overseas market.

Fundraise: Four year old Haomo, autonomous driving startup backed by Great Wall Motors raises additional $13.91M.

Beginning: Fiat 500e goes into production at Mirafiori plant for North American Market. It will be first BEV from Stellantis for North America.

Teamup: Renault CEO advocating on alliance with Stellantis and Volkswagen to compete with cheap BYD EVs and Tesla’s upcoming $25000 model.

Refresh: Zeekr announced refresh of its flagship model 001 coming on February 27.

QUIZ TIME

Who among these billionaire is mentor to Elon Musk? This mentor/friend also owns about 1.4% stake in Tesla and is largest single shareholder in company after Elon Musk. 🧐

• Bill Gates

• Jeff Bezos

• Larry Ellison

• Marc Benioff

Click here 🙋🏻 to know the answer.

BEFORE YOU GO

🕵🏻‍♂️ This day in history: First president of the United States George Washington was born in year 1732. Here is deep dive on his life before presidency.

🌳 Huge: This is the biggest tree in the world, and it’s about the size of statue of liberty!

🫳 Innovation: A prosthetic limb that can sense temperature like a living hand.

🏆 Savage: I love winning but this is exactly how I would like to win.

🤔 That’s thoughtful: Complaining is good for you! — As long as you're not complaining to the person you're complaining about! ~ Lynn Johnston

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