Tesla FSD Beta “should be available in Europe for LHD this summer”, Musk says

Written by Cláudio Afonso | info@claudio-afonso.com

Elon Musk confirmed this Tuesday on Twitter that Tesla’s Full Self Driving Beta should be available in Europe for “Left Handed Drive” (LHD) this summer, and for right handed drive (RHD) “a few months later”. “These dates depend on regulatory approval” — Musk added. On March 27, Tesla’s CEO revealed that he usually uses the Alpha Build switching to beta “right before release” so he knows “what Tesla owners are getting”.

Credit Suisse analyst Dan Levy released this Tuesday a new note on Tesla where he expects around 177,000 units delivered this quarter. The prediction results in 307,000 vehicles delivered for the first quarter of 2022, which is slightly less than the consensus of 313,000 units. In Q4 2021, Tesla delivered 308,600 vehicles (+71% YoY) closing the year with a total of 936,222 units delivered, an increase of 87.4% from 2020.

On Monday, March 28, Tesla announced that will ask its shareholders to vote in order to enable a stock split. The vote will take place at Tesla’s 2022 Shareholder meeting later this year. The last meeting was held in October 2021 at Tesla’s GigaFactory in Austin, Texas.

Tesla’s GigaShanghai will pause production from March 28 to April 5 due to city-wide lockdown announced by the Chinese Government. The measure represents the biggest city-wide lockdown since the Covid outbreak began in early 2020. “The measure aims to curb the spread of COVID-19, protect people’s life safety and health as well as achieve the dynamic zero-COVID-19 target at the social level as soon as possible,” the city’s coronavirus prevention work leaders’ office announced.


Jefferies analyst Philippe Houchois has recently raised Tesla’s Full Year 2022 and 2023 Earnings estimates by 7-9% due to recent price hikes and higher free cash flow. However, the Analyst lowered Tesla’s price target from $1,400 to $1,250 to reflect higher inflation and due to “a 50bps increase in assumed cost of capital”.

Recently, after Elon Musk warned for the “recent inflation pressure in raw materials & logistics”, Tesla raised the prices of all its models in the U.S. and on Model Y, Model 3 in China. After these price increases, Model 3 Performance costs now $78,440, Model Y Performance $85,440, Model S Plaid $158,440, and Model X Plaid $162,440 — all of these prices are for the fully optioned version. Comparing Year-over-Year, Model X Long Range was the model with the highest price increase, from $89,990 to $114,990 — 28%

Written by Cláudio Afonso | info@claudio-afonso.com