TAKEAWAYS:

• Musk's investment in Twitter was no surprise given his vocal stance on free speech and his mission-driven investment approach. Given that he's now a part of the board, expect to see changes in terms of service in the next 6 mos.

• This week, there have been more shutdowns in China related to Covid, further impacting the supply chain. While this is a 2% headwind to Tesla deliveries for 2022, it doesn't appear to be having an impact on the availability of Apple products.

• Tesla's Cyber Rodeo was more than a ribbon cutting for Giga Texas. The factory is a stark reminder to how big of a gap there is between traditional automakers and Tesla.