What Tesla's Master Plan 3 Means For Competitors

Summary

• The writing is on the wall: Tesla, Inc. is probably introducing a truly affordable electric vehicle today.
• An affordable Tesla could be fatal for companies like Rivian Automotive, Inc. and Lucid Group, Inc., who will be at least five years behind and completely incapable of competing on cost.
• An affordable EV will have a more significant short- to medium-term impact on General Motors, which is significantly behind Tesla in battery production and has massively committed to EVs.
• This idea was discussed in more depth with members of my private investing community, Green Growth Giants. Learn More »

Xiaolu Chu

When Tesla, Inc. (NASDAQ:TSLA) speaks, the entire electric vehicle ("EV") world listens. Just look at LFP; it wasn’t cool in the West until Tesla started producing cars with the chemistry. With the company’s Investor Day looming right around the corner, there may be bigger implications for the rest of the EV industry than the Tesla investors that the 2023 Investor Day event is supposedly made for. This article will establish the biggest threat that this even poses to the EV industry, an affordable Tesla model, and the impact that it may have on competitors.

A Truly Affordable EV

Of course, we won’t know for sure what is in Elon Musk’s latest iteration of the Tesla Master Plan. However, one thing that seems to be fairly certain is that Tesla will be unveiling plans for a truly entry-level EV.

Elon Musk first announced plans of a $25,000 EV at the company’s Battery Day event in late 2020, citing battery improvements that will allow the company to sell at this price point while maintaining profitability. The primary innovation here is in the “tabless” design of its 4680 battery cells, which the company is now ramping production of.

However, ramping production of the new cell architecture seems to have been more difficult than the company originally expected. In February, Tesla announced that it had produced 1,000,000 4680 cells cumulatively since beginning production in late 2020. For reference, that’s enough for about 1,000 vehicles.

This slow production ramp has forced the company to delay its Gigafactory Berlin buildout, which is targeting production of only 4680 cells. So if there are still issues, why do people seem to be expecting Tesla to finally introduce its entry-level EV?

Last December, Tesla announced that it had produced 868,000 of its 4680 cells in just one week. This seems to imply that the company has finally solved many of the challenges standing in the way of mass production, meaning it can now begin focusing on adding manufacturing capacity for its 4680 cells.

This aligns with comments made by Andrew Baglino on the company’s latest earnings call, in which he discussed the production ramp of the 4680 cells. At Giga Texas, Tesla will focus on a “cost-effective” ramp of the batteries in anticipation of beginning production of the Cybertruck in 2024:

“Really, our 2023 goal as a 4680 team is to deliver a cost-effective ramp of 4680s well ahead of Cybertruck. Focus areas are dialing in and improving the quality of the high-volume supply mechanical parts and driving factory process yields up as much as possible. Between two of those things, if we had achieved those key goals, we'll be well set up to -- for a major 4680 year in 2024.”

Furthermore, in January, Tesla committed to investing a further $3.6 billion into its Nevada Gigafactory, which will include two facilities. One of these will be a manufacturing site for the Tesla Semi but, of more interest to us, the company also plans to add 100 GWh of capacity to its 4680 manufacturing efforts.

When asked about this in the company’s Q4 earnings call, Elon Musk said:

“Not all of the 100 gigawatt-hours are going to go into the Semi trucks, that is correct. Let's say like -- I alluded to a number of future products. Those future products would use the 4680.”

When speaking at the recent Nevada Gigafactory event, Musk stated that Tesla plans to use its 4680 batteries in its stationary storage products. While this may seem largely irrelevant, the introduction of the 4680 batteries in storage products implies that the company plans to produce the cells with LFP cathodes.

While I cover the chemistry in more depth here, in short, LFP cathodes sacrifice range (due to space premium) in exchange for lower costs and higher stability. Because this space premium is largely irrelevant in stationary storage, LFP is the obvious choice for lithium-based energy storage solutions.

That’s why, on Tesla’s Q4 2021 earnings call, Elon Musk stated that the company is looking to transition all of its energy storage systems to iron-based chemistries. Hence, the introduction of the 4680 cells to Tesla’s energy storage products implies the existence of an LFP 4680.

Finally, in the company's Q3 2022 earnings call, Musk discussed the company’s third-generation vehicle platform. After being asked about what level of cost reduction the company expected for the new vehicle platform, Musk confirmed that Tesla is targeting a 50% reduction from the Model 3/Y platform.

Having laid all of this out, let’s do a little bit of reading between the lines. There’s no question that a cheaper vehicle will need to utilize LFP, but that alone isn’t enough to get to a 50% cost reduction.

However, utilizing LFP with the company’s in-house 4680 battery architecture and structural battery pack will make for a much more significant cost reduction. The company’s comments around its stationary storage products have laid the foundation for that.

The timing of the event also works rather nicely with some of the company’s other recent announcements. Tesla seems to have finally worked through most of the issues of the 4680 architecture, and its 100 GWh expansion at the Nevada Gigafactory would be plenty to supply the cells for a new high-volume vehicle. Furthermore, with the Tesla Semi now in low-volume production and the Cybertruck set to begin low-volume production this summer, the announcement of a new vehicle would fit nicely with Tesla’s growth plans.

So, considering everything we’ve been looking through thus far, the timing of this event makes the introduction of an affordable EV rather likely. While I’m not sure it’s really feasible for Tesla to introduce a $25,000 EV anymore, given ongoing supply chain constraints and general inflationary pressures, it should be the brand’s first truly affordable EV. I would expect the company to target initial production for 2025 or 2026.

A Need To Deliver

There’s no question that Tesla has become a bit of a hype machine over the past few years. While this is usually good for them, building almost unparalleled momentum for shares, it also means that there is often a high expectation for any of the company’s events. This event is no different.

I’m far from the only person to speculate that there will be a soft launch of an affordable Tesla at this event, which has substantially raised the already high expectations. With lingering concerns about a recession, and high raw materials prices driving the costs of batteries up, a cheaper Tesla model would be very well-received by analysts. The timing really couldn’t be any better.

However, due to high expectations and rampant speculation that Tesla will be announcing its affordable EV at the event, anything less will likely cause shares to tumble. Furthermore, if Musk confirms that they will not sell the vehicle with a steering wheel, something he has mentioned in the past, shares will almost certainly fall as well. So it’s not a slam-dunk for the company just yet.

However, assuming the event does include an announcement for the new vehicle, and it has a steering wheel, this will have a massive long-term impact on the brand’s growth potential. While Tesla is no longer synonymous with electric vehicles, it’s still probably the first brand you think of when you hear the term. That’s especially true for younger consumers.

However, the average Tesla customer is 54 years old. It’s not exactly unique for Tesla’s customers to be older than the age group where the company’s cars are most popular. It’s actually quite common for luxury brands to see this. But that’s exactly what the problem is.

Tesla’s long-term goal isn’t to be a luxury vehicle brand. Yes, it will maintain production of luxury vehicles and there will probably always be that special air around the company, but its main goal is to make electrification possible for as many car buyers as possible. It can’t accomplish that if its vehicles can only be bought by the world’s wealthiest customers.

A cheaper EV allows Tesla to capitalize on its massive brand awareness, making it truly accessible for more of its core fanbase. Even for those that aren’t big Tesla fans, it will probably become the most obvious choice for an electric vehicle. I mean, who wants a $27,495 Chevy Bolt when you could get a Tesla instead?

Market Impact

However, while the storyline revolving around how this event may impact Tesla’s share price is an interesting one, I believe its impact on competitors could be far more dramatic. Tesla’s goal of selling 20 million EVs per year by 2030 is outrageously ambitious, and I don’t think they’ll even come close to reaching that figure, but I do believe that there is still significant room for the company to grow.

While that’s great news for Tesla, it’s bad news for pretty much every other vehicle manufacturer. Oftentimes, the EV market is analyzed as a separate market than the general automotive market. But it’s not.

That’s an important distinction to make because, although it seems obvious, many people seem to forget that EVs won’t make the automotive market any bigger. It’s only getting more saturated. That’s especially true if a relatively new car brand, with less than 2% of the global vehicle market (Tesla’s 2022 sales), endeavors to take over 25% of the market within the next seven years.

Again, I don’t think they’ll hit that. However, with the introduction of a truly affordable vehicle, they might be able to break the 10 million mark and, if they do, automakers are in trouble. Those with the most exposure, however, are small EV growth companies like Lucid Group, Inc. (LCID) and Rivian Automotive, Inc. (RIVN).

Let’s move back to that point about how the EV market, at the end of the day, is not a separate market from the general automotive market. Right now, having an EV is a selling point. It’s a niche.

However, especially as legacy automakers continue to electrify their vehicle line-ups, electric vehicles will just be vehicles. Just like Ford Motor Company (F) offers its EcoBoost powertrain, it’ll also offer an electric powertrain. The point is, EVs are really just vehicles and there’s only so much demand for vehicles.

Neither Lucid or Rivian will have an answer to the Model 3 or the Model Y before 2026, perhaps even longer, at which point Tesla will have already moved to prioritize its even more affordable vehicle platform. There will also be much more than just the Chevy Bolt and Nissan Leaf serving as entry-level EVs from legacy brands. Especially with a completely non-existent sourcing strategy for raw materials, I really don’t see how either company will even be able to compete in such a saturated market.

This argument has been made against Tesla for years, and I often fought it. Tesla was the true innovator in the space, with a clear first-mover advantage. But Lucid and Rivian won’t even be within the first 15. Because of that, neither company has close to the same brand awareness as Tesla.

That’s a problem when they need to try to sell similar vehicles, but can’t yet compete on cost. Maybe if they came to market five years earlier it would be possible. However, I think Tesla’s affordable EV highlights just how difficult their path to success will be. It might even be fatal news for both.

Now, while there is no guarantee that Tesla will unveil the vehicle at this event, it is coming. I’d imagine that Tesla is targeting 2025 or 2026 for production, so this is something that should linger in Lucid and Rivian investors’ minds regardless of the outcome.

Legacy Automakers

Now, while I truly believe that this vehicle could be fatal for companies like Lucid and Rivian, or at least subjugate them to the luxury segment in perpetuity, it will also impact the EV efforts of legacy automakers. Most notably, General Motors (GM).

General Motors hasn’t been shy about its targets, aiming to surpass Tesla in EV sales within the decade. But as I hinted at earlier, the company’s mass-market Chevy Bolt may struggle to meaningfully compete with an offering from Tesla. That’s not ideal for a company that plans to double its revenue by 2030, largely thanks to EV sales.

I’m sure General Motors will introduce new models that are competitively priced, and its Ultium battery platform should allow it to realize significant economies of scale, but they too are behind Tesla on that front. Tesla has largely allowed its competitors to catch up with battery tech, but the ramping of 4680 cells is an ominous sign for its competitors. With an LFP variant imminent, Tesla may be able to supercharge its EV price war to undercut its existing competitors.

While other automakers also stand to lose from an affordable Tesla, the amount that General Motors has riding on this EV transition in the medium-term means that they probably have the most to lose. I’d advise investors to remain wary about how the market may receive this news, especially as it pertains to General Motors. While General Motors remains my favorite EV manufacturer, I do expect a bumpy ride following this event.

Investor Takeaway

The impact of this event will be felt throughout the sector. There’s a lot at stake, as what’s unveiled here may indicate what the future of the electric vehicle market looks like. It may even dictate what the future holds for other companies.

For investors that are playing the EV boom without EV manufacturers, this event will still probably impact you because of the power that Tesla, Inc. holds. When CATL’s new price strategy was reported on, for example, many lithium producers fell over 5%. That’s despite the fact that this actually had nothing to do with lower EV demand.

However, if Tesla announces cheaper batteries down the line, the market will probably react similarly to the CATL news. Conversely, if the company announces plans to acquire Sigma Lithium Corporation (SGML), the industry will likely react favorably. I guess what I’m trying to say is that the only thing we know for certain, is that you should buckle up for a bumpy ride.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of GM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Comments

[alphatraz]

Master Plan 3 vs. Whoopee Cushion
Identical vapor/utility ratio

[VulpineMac]

@alphatraz : Then you weren't paying attention.

[adamwarden]

I love that BYD (BYDDF), the real market leader in the wings, never gets a mention or even considered as a competitor.

BYD sold 193,655 EVs, including hybrids, in February, up 119% vs. a year ago and up 28% vs. January,

February deliveries included 90,639 all-electric or battery electric vehicles (BEVs), up 1110% vs. a year ago.

Yes, 1,110% YoY! Tesla not worried?

Oh, and BYD supplies the batteries for Model ys in Germany.

BYD, remember I brought it to your attention. My pleasure. ;)

[jimi james]

@adamwarden well, byd is a Chinese Stock, but seriously, comparing byd to Tesla is like comparing Tata Motors to Mercedes Daimler, not in the same league, not even close. Tech makes the difference.

[adamwarden]

@jimi james Ah yes! Tesla doesn't operate in China so Chinese companies don't count. Actually, here in Australia BYD is competing head on with Tesla. Beautifully made cars.

Charles Darwin:
"Ignorance breeds confidence more often than knowledge"

[adamwarden]

@jimi james FYI The 2022 Car of the Year 2022: The Tesla Model Y, Ford Ranger and BYD Atto 3 were the top three cars. Tesla MY won.... But BYD Atto 3 finished top 3!

[mike ekim]

i'm hearing its becoming impossible for usa corps to take any money out of china, so TSLA profits are trapped ...only gonna get worse

[captainccs]

@mike ekim Make a car for $20,000 and sell it outside China for $30,000. You just took $10,000 out of China. Oil companies have been doing this to producer countries for over a century.

[gandy]

Elons big tell at this event is building autos is hard and complicated…tool and die sets for stamping body panels, fleets of racks to handle the parts, fasteners, new interior design and on and on…oh yeah battery innovation…outsourcing most of that and more…competing with legacy companies with strong ties to vendors…most of these products take five or more years to develop and longer to produce…reality bites.
I like Elon…but how many minutes a day does he have anymore to concern himself with the trials and tribulations of the auto industry? He already gave up the ghost a while back with his statement about not being concerned about his autopilot failing…he disrupted the industry…that’s good enough for Elon.

[Sheltie02]

Musk is in another league but Toyota should be able to give him a run for the money if they chose to.

[SimonR2]

Remember when Model 3 was meant to start at $35,000.
Don't forget CT is meant to start at $40,000

So yes an imaginary car at an imaginary $25,000 is totally plausible (after consuming sufficient Koolaid anyway).

[Outcast_Searcher]

@SimonR2: A smaller car with a smaller battery and less materials overall and with more efficiency throughout the production process and with much higher volumes should mean a MUCH lower cost.

So while I agree about the Cybertruck, though with recent inflation, the target would be more like $50,000ish to start for the low end, I think somewhere close to the $25,000 price is fairly realistic for the small low end car, to start. Obviously FSD and other options will raise that price.

Tesla just cut prices a lot and is pushing the industry, so you're completely ignoring that doesn't seem exactly realistic, re the overall trend of pricing (considering inflation), especially as volumes and efficiency continue to ramp.

[arete_builders]

@Outcast_Searcher More like $65k for the CT unless Tesla cuts margins. Cost to build a low end Model 3 is $36k or so...theres 0.0% chance that Tesla cuts the cost to build by 50%.

Even if Tesla did the truly unthinkable...found 30% savings on the Model 3 AND sold it at cost, Tesla STILL couldn't produce a $25k car.

The fact that anyone takes these bat spit crazy ideas remotely seriously shows the deep seated gullibility of our society.

Shame on Elon for the lies & grift...but at some point, shame on the vapid consumer who believes this fairy tale.

[SimonR2]

@Outcast_Searcher "with more efficiency throughout the production process"
Coming from?
Noting that Tesla's cost per car is currently increasing slightly Q on Q (pretty much flat) once you correct for the shifting proportion to the cheaper 3/Y. If they could make such a saving for the 25K car why isn't it showing on 3/Y?

[captainccs]

"Of course, we won’t know for sure what is in Elon Musk’s latest iteration of the Tesla Master Plan. However, one thing that seems to be fairly certain is that Tesla will be unveiling plans for a truly entry-level EV."

No. www.youtube.com/...

[Hanamogera]

@captainccs so this explains TSLA 5% drop after market move.

It’s consistent with what Musk said at the earnings call about a year ago.

They were not actively developing the low cost car at that time. So yeah, no way they had something meaningful to show as of yesterday.

[Outcast_Searcher]

@Hanamogera: To me, as an investor, it was FAR more important to see a multitude of factors and principles helping lowering both prices over time and improving the technology / capacity over time, vs. seeing a mock-up of the specifics for the Model 2.

For example, to me, the concept of the $1000 price (roughly) for the next generation Tesla drive unit, and the fact that over time they can reduce ALL the rare earth metals from the motors (helping a lot with production scale) are both big. The various ways toward removing roughly 50% of costs over time are a bonus, and it's good to know they're taking cost cutting as a serious priority in the planning.

But I'm not surprised at all to see a 5% or even a 10% drop in TSLA in the short term by speculators vs. investors, but with a volatile stock, that's almost meaningless to me, thinking over an investment time frame.

To me, BYD and Tesla own the BEV market, re scale and growth, until proven otherwise. And given the credibility BYD is showing re producing low cost vehicles, I think it's important that Tesla work on cost cutting over time.

I'd be far more worried about the hapless GM, the apparently mostly clueless Toyota, etc. being realistically able to catch up (vs. brave marketing talk) given how far Tesla is already ahead, and how it keeps gaining real world BEV manufacturing experience at scale as it improves things compared to all the legacy BEV makers (thus far, anyway).

I've been a Toyota fan for a good 40 years now, but what are they THINKING re first tearing down a Model Y to study it NOW, given how far Tesla is ahead?

[jimi james]

The "Investors Day" Presentation was an extremely detailed explanation of what Tesla Engineering has accomplished, and what Tesla Engineering is currently accomplishing to reach Tesla's Stated Goal, Building a cheap EV is only one small factor, the Big Picture is Tesla Electric, and Tesla's Positioning in the Energy Market.

Tesla's Engineering Teams have been executing relentlessly and brilliantly, and to those who either do not comprehend or cannot comprehend because of your genetically limited bandwidth, simply follow the money. Musk was the Richest Person on Earth, and now regained the Title, why ? Because lots of people voted for him with their Hard Earned Money. If you think he's a fraud, just review the Engineering Accomplishments of SpaceX, and Tesla in tandem. Richest Person on Earth, Best CEO in the history of this planet. Why ? Check the cash inflows to Tesla vs any other stock or index.

Musk's Companies are extremely well managed, and if you paid attention to the presentation, you would know that. Cathy Wood is correct in stating that "Tesla is the most profound AI Company in the World Today", Pay attention to the detail, every vehicle Tesla sells is linked to its network, which tracks every detail and can control every detail , because the feedback from every vehicle is "training " the network to inform the vehicles of ever changing environments. Stunning Engineering.

What this means to Tesla's "Competitors" ? Well, If I were a Tesla Competitor, I would probably just kill myself now, and get it over with.

[rz53]

@jimi james You're correct regarding Tesla's future.... which is largely misunderstood. But your insults are unnecessary and unbecoming.

[Maverick 2021]

Master Plan 3 appears to be a flop and TSLA is selling off In after hours trading…..

Lock in profits…..

[Maverick 2021]

Everything gets repriced in a recession, that includes TSLA stock back to support below $150.xx a share….?

Elon fears a recession is coming and said the Fed should stop raising rates now !!!!

Preserve Capital

[Austin Craig]

Good article. Enjoyed it.

Not that it matters but "buildout" needs a space.

[Maxed Out Mama]

RE the 4680. There are tons of the AWD 4680 Texas SR Y (although it doesn't come w/ the horns) available on the website. But the cheap version is 52k w/ a range of 279 miles, vs the 2170 Fremont version at 54K/330 miles. The European version (RWD/BYD Blade pack) is much cheaper and has almost exactly the same range.

The 4680 has not delivered yet, and I would have thought Tesla could do better given this year's mfrg cell credits. I don't think Tesla has any cost advantage at all.

So right now, I am going to assume that Tesla has pretty much struck out w/ the 4680. It is 2023.

[cparmerlee]

@Maxed Out Mama I really couldn't follow any of the logic in this article. To paraphrase the article, it says "Tesla has this great new tabless 4680 cell that is fantastic -- a generation beyond -- except that it doesn't really exist yet, but it will and when it does, it won't actually make a competitive difference. But when combined with a new packaging architecture -- that is playing catch-up to GM, Ford, VW, Kia and just about everyone else who has launched global platforms in the past 3 years, it will be a huge competitive threat to everybody. Except that everybody else is already there."

What am I missing here?

[Maxed Out Mama]

@cparmerlee At that point, I was also lost.

[dmce]

@Maxed Out Mama - "The 4680 has not delivered yet, and I would have thought Tesla could do better given this year's mfrg cell credits."

Note that you cannot order an Austin built Model Y with 4680 cells on the Tesla website. It is only available as an inventory car. They get added to the available inventory and get snapped up very quickly. A new batch of about 200 cars was added today.

Why is Tesla operating this way and setting the price just a few $K less than the 2170 Fremont built Y's? Because Tesla is using price and availability to control demand so that it matches the production ramp of 4680 Model Y's coming out of Austin. There's no reason it price it less because Tesla is selling all of them they can make.

[ThetaSeeker]

Model 3 is an entry level vehicle…are you implying they could come out with an even more basic, no-frills vehicle? Doubtful.

[Who Dat?]

@ThetaSeeker
Yes! It will come without a steering wheel and 4 wheels. Those are mfgr add ons

[Rockhopper Colorado]

Tesla really needs to get beyond li battery and on to the LFP asap... I suspect this kind of thing will get the 'Pinto treatment' some day: www.fox10phoenix.com/...

BYD's blade battery won't catch fire.

[dmce]

@Rockhopper Colorado - All Model 3 Standard Range cars sold by Tesla worldwide have LFP batteries. Same for the Model Y SR sold in Europe and Asia, but not yet in the US.

[Outcast_Searcher]

@Rockhopper Colorado: Tesla is already clearly moving strongly toward LFP for MANY of its vehicles. But some customers want all the range they can get. All LFP batteries have fire risk to some extent, until reliable solid state is perfected or LFP, etc. energy densisty gets high enough that standard LI batteries for BEV's are considered obsolete.

[Maxed Out Mama]

We still don't have prices/specs on the CT, nor are we apparently getting any new vehicle announcement.

[Outcast_Searcher]

@Maxed Out Mama: It's still early in 2023 and inflation is still significant, re the Cybertruck. A mock up of the model 2 doesn't mean much if it isn't coming out in volume until 2025 or so, so what's the big hurry?

To me, things like not needing rare earth metals for the drive units and very cheap drive units for the next generation are MASSIVELY more significant than a mock-up for the model 2, or full specs for the Model 3 now, when it won't be manufactured at high volume for a year or more.

[Mark Krieger]

dropping like a rock in after hours

[VulpineMac]

@Mark Krieger : Either a very small rock or it's riding a parachute. Microsoft and Rivian are falling faster.

[Roy_H]

@Mark Krieger I am admittedly a poor investor, I rarely get it right. I watched the presentation. I see nothing but upside, aggressive growth with storage, 4680 cell production, CT, Semi, and a new low cost vehicle(s) in Mexico. Constant cost reduction while improving products. All good news but the stock drops 6%. What do investors see as bad??

[Mark Krieger]

@Roy_H function of buy the rumor and sell the news

[Buffett Guru]

$25k ev is still unreachable in many countries! Moreover, many countries have under $10k evs that outperformed tsla. Feeling competition forced to reduce prices. I bet if it is indeed the buzz, it will be a truly low end model that will climb up the cost ladder with slightest of upgrades.

[VulpineMac]

@Buffett Guru : "Moreover, many countries have under $10k evs that outperformed tsla."
--- Oh, please! Tell me which "under $10K EVs" CAN outperform Tesla! Or are you talking about raw sales numbers, at which point those "under $10K EVs" are only doing so BECAUSE they're "under $10K EVs".

[cbx6cylinder]

@VulpineMac They outperform Tesla in MPGe and getting around in confined areas. The might be smaller, but if makes them outperform a Tesla in many circumstances.

[solucky]

@Buffett Guru

" $25k ev is still unreachable in many countries! "

Should be no problem in 2028 ( Tesla timeline ) and we still have 25K BEV

[Sheltie02]

Musk is so far ahead of his so-called competition. They’re like “wait, what?”

[RickJensen]

Mater plan 3, sounds a lot like Plan 9 from Outer Space.

[mike ekim]

nothing new...nothn ...look for TSLA to drop tomorrow

[Roy_H]

@mike ekim I admit most everything they said was expected, but why does that make the stock worth less?

[mike ekim]

@Roy_H people were looking for some kind of announcement that would move the stock up ... and it just didn't happen

[solucky]

@mike ekim

" nothing new...nothn ...look for TSLA to drop tomorrow "

At least they have a " faked " optimus video