Whitney Tilson’s email to investors discussing electric-vehicle startups promise record-setting revenue growth; Tesla’s actual 8K filing; Tesla touts self-driving to consumers. To the DMV, it tells a different tale; VW Power Day; GM to acquire Voyage.
Electric-Vehicle Startups Promise Record-Setting Revenue Growth
1) I’ll take the under on these ridiculous projections… Electric-Vehicle Startups Promise Record-Setting Revenue Growth. Excerpt:
It took Google eight years to reach $10 billion in sales, the fastest ever for a U.S. startup. In the current SPAC frenzy, a spate of electric-vehicle companies planning listings are vowing to beat its record—in some cases by several years.
China’s Jaded Techies Find A Hero In Elon Musk
2) From the front page of the business section of today’s NYT: China’s Jaded Techies Find a Hero in Elon Musk. Excerpt:
China is having its techlash moment.
The country’s internet giants, once celebrated as engines of economic vitality, are now scorned for exploiting user data, abusing workers and squelching innovation. Jack Ma, co-founder of the e-commerce titan Alibaba, is a fallen idol, with his companies under government scrutiny for the ways they have secured their grip over the world’s second-largest economy.
Tesla Touts Self-Driving To Consumers
3) What a shocker that: a) Tesla has cool technology; but b) Musk totally overhypes it; and c) regulators do nothing… Tesla touts self-driving to consumers. To the DMV, it tells a different tale. Excerpt:
For years, Tesla Chief Executive Elon Musk has been telling the public that fully autonomous Teslas are just around the corner, no more than a year or two off.
Tesla’s 8K Filing
4) This is an actual 8k Tesla filed:
In response, one friend sent me this:
And another wrote: “Tesla’s president was demoted same day. This 8k will drive the SEO function and dilute that news. The demotion will result in the guy leaving soon with no 8k filing or notice. In addition, there has been lots of bad Tesla news lately. Goofy texts will drown out that noise as well.”
5) Tesla just posted this short video of its semi-truck going around a test track – that ain’t no pusher!
Semi on the track pic.twitter.com/0QCTYGbLJv
— Tesla (@Tesla) March 14, 2021
7) Good to see: Musk Got 4,000 SpaceX Workers to Join a Covid-19 Study
VW Power Day
8) VW (VOW3.DE) is up 7% today on this news: VW outlines next-gen battery and charger plans at Tesla-like Power Day. Excerpt:
Volkswagen is developing solid-state batteries and two-way charging, plus it’s building six gigafactories and expanding its global charging network.
General Motors’ GM majority-owned self-driving car start-up, Cruise, is set to acquire Voyage — a self-driving startup that spun out of online education company, Udacity.