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Tesla’s 3rd-largest individual shareholder suggests clever strategy for TSLA buyback

Credit: Tesla

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The third largest individual Tesla shareholder, KoGuan Leo, advised the company to buy back TSLA shares with its free cash flow.

KoGuan believes that Tesla can buy back its undervalued stocks while investing in FSD, the Optimus, and more gigafactories. He argued that the Fremont Factory, Giga Shanghai, Giga Texas, and Giga Berlin were like “money printing machines.”

Tesla generated a free cash flow of $5 billion in 2021, reported Fortune. Most of its free cash flow lost year came from the fourth quarter when Tesla reported generating $2.8 billion. In its Q1 2022 Update Letter, Tesla stated generating $2.2 billion in the first quarter. 

Tesla Bull Gary Black chimed in on the conversation, agreeing with KoGuan. Black predicted that Tesla would generate $10 billion in free cash flow for 2022, excluding profit from Tesla Energy, FSD, and Optimus. 

KoGuan included Martin Viecha in the discussion, telling Tesla’s Head of Investor Relations that Tesla must buy back its shares. He suggested that Tesla buy back $5 billion shares from its free cash flow this year and $10 billion in 2023. 

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KoGuan also pointed out that Elon Musk sold 25 million shares and employees’ stock options, increasing the supply of Tesla stock. So Tesla can buy back cheap stocks now. 

“We Tesla bulls need more support,” KoGuan said. “Tesla can invest in [Full Self-Driving], bot and factories while buying back its undervalued stocks. Shock and wake up [a] few braindead analysts to their senses.”

Martin Viecha confirmed that KoGuan Leo is the third largest individual Tesla shareholder after Elon Musk and Larry Ellison, the founder of Oracle. According to Bloomberg, KoGuan owns 6.31 million Teslas shares as of September 2021. He also has options to buy 1.82 million more shares at a strike price well below the current levels.

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Maria--aka "M"-- is an experienced writer and book editor. She's written about several topics including health, tech, and politics. As a book editor, she's worked with authors who write Sci-Fi, Romance, and Dark Fantasy. M loves hearing from TESLARATI readers. If you have any tips or article ideas, contact her at maria@teslarati.com or via X, @Writer_01001101.

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Tesla rolls out minor but significant improvement to Robotaxi service

As per Tesla, Robotaxis will now arrive at their pickup locations with their doors locked.

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Credit: @AdanGuajardo/X

Tesla has rolled out a minor but significant improvement to its Robotaxi service. The update was shared by the Tesla community on social media platforms such as X. 

New Robotaxi App update

As observed by the electric vehicle community on social media, Tesla has started rolling out the Robotaxi App’s Version 25.8.5 (6074) to users. The update seems to be quite minor, though Tesla mentioned something quite notable the update’s “What to Test” section.

As per Tesla, Robotaxis will now arrive at their pickup locations with their doors locked. Customers would not need to unlock the Robotaxis manually, however, as the vehicles would automatically unlock as they approach the car. “You ride now arrives locked and will automatically unlock as you walk up. Just ensure your app has Bluetooth access enabled,” Tesla wrote.

While this update is minor, it does improve the safety of the vehicles themselves. It also provides another layer of convenience for users of the driverless ride-hailing service. The fact that Tesla is already refining the Robotaxi App’s features this early bodes well for the program. It suggests, if any, that the service will already be fairly refined when it starts being opened to more users.

Robotaxi praised for its safety

Tesla is following a deliberate and cautious rollout strategy for its Robotaxi rollout, though early reviews of the system have been quite positive. Some reviewers have also dubbed Tesla’s Robotaxi service as a safer alternative to more conventional ride-hailing services such as Uber.

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This was highlighted by auto reviewer Scotty Reiss in a post on A Girl’s Guide to Cars.

“I like the personal safety factor. No driver to threaten or harass you. You control the locking and unlocking of the car. You can change the pickup location at any time. The car will wait for you. You can call the support desk if you need help. You can change your destination if the drop-off area seems sketchy. All of it together makes me feel safer getting a car home from the airport at midnight or into the city after dark, and I definitely feel safer having my daughters take a self-driving rideshare when they go out to meet friends for dinner,” Reiss wrote in her post.

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Tesla China VP confirms Model Y L first deliveries in September

The first deliveries of the extended wheelbase all-electric family car are expected to start in just a few weeks.

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Credit: Tesla China

Tesla China Vice President Grace Tao has subtly confirmed the recently released Model Y L’s first deliveries. As per the executive, the first deliveries of the extended wheelbase all-electric family car are expected to start in just a few weeks.

Model Y L estimated delivery date

While the standard Tesla Model Y Rear Wheel Drive (RWD) and All Wheel Drive (AWD) are listed with an estimated delivery date of 1-3 weeks, the electric vehicle maker simply listed the Model Y L with an estimated delivery date of “September 2025.” This date was reiterated by VP Grace Tao in a post on Weibo. 

“Prospective Model Y L owners are welcome to post their orders in the comment section. This Sunday, August 24th, at midnight, 10 friends will be drawn to receive Tesla peripherals… Tesla cars are fun to drive alone, whether you have children or how many children, this car can meet all your needs. We will deliver in September and wait for you to get in the car,” Tao wrote.

Model Y delivery speculations

While Grace Tao’s Weibo post confirmed that the Model Y L’s first customer deliveries will indeed be held within September, some industry watchers have estimated that the extended wheelbase vehicle will start deliveries in about three weeks. This suggests that the first Model Y L customer deliveries could start around September 11 in China. This date would be quite impressive considering that the vehicle was released just a few days ago.

The Tesla Model Y has so far been a hit among followers of the company, so much so that fans in countries like the United States have expressed their intention to purchase the vehicle, which starts at just RMB 339,000 ($47,180). Unfortunately, Tesla CEO Elon Musk has stated that the Model Y L will not start production in the United States until the end of 2026. He also noted that the vehicle might not ever make it to the U.S., due to the advent of self-driving cars in the country.

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Tesla Giga Berlin fire results in zero injuries and no environmental damage

The incident occurred on Monday afternoon in the factory’s battery production area.

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(Credit: Tesla)

A small fire in Tesla’s battery assembly facility at Giga Berlin earlier this week prompted an evacuation and a temporary halt to Model Y production, though no injuries or environmental damage were reported. 

The incident occurred on Monday afternoon in the factory’s battery production area, and local authorities confirmed that Tesla immediately reported the fire. Fire crews spent several hours extinguishing the blaze before operations gradually resumed the following day.

Incident details and safety response

As noted in a report from Handelsblatt, the fire began when several stacks of battery cells fell from a conveyor belt on the first floor into a ground-level shaft. The cells ignited, with flames spreading only to the transport system on the ground floor. The Brandenburg State Office for the Environment (LfU) reported that 512 cells were affected in the incident, which is equivalent to about two-thirds of a passenger car’s battery pack.

Tesla did not respond to media inquiries, though the company did state that there was a “small fire in battery pack production.” The Oder-Spree district itself also confirmed the incident. Authorities stated that all safety procedures were followed, with Giga Berlin employees being immediately evacuated and firefighting water being fully contained within the building. A specialist cleaning firm has been tasked with handling the firefighting residue, ensuring no risk to groundwater or surrounding areas.

Impact on production and investigation

Production was immediately halted after the fire, as per a report from electrive. Drive unit assembly resumed on Tuesday afternoon, though battery pack assembly remained offline. Employees who were unable to continue their usual work participated in training programs and first-aid courses while operations were paused.

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The affected cells that were involved in the fire have not been disclosed, though Giga Berlin currently uses CATL LFP cells for Model Y base variants and LG Energy Solution NCM cells for Long Range versions. Tesla is continuing its internal investigation into the cause of the incident while cooperating with regional authorities. That being said, the district has emphasized that Tesla “took all necessary measures in line with the emergency plan agreed with the local water authority and WSE.”

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