RT Max (@MdeZegher)Despite investing billions in Superchargers, range anxiety is often the #1 concern for buying a Tesla.With Passport, we want to(1) inspire more customers to hit the road. I'm already motivated by "Longest Trip"!(2) have customers share their Passport, amplifying the epic journeys they're taking with Superchargers.Word of mouth from friends, showing their actual trips, feels the most trustworthy. Range anxiety → range confidence! ...

Electric Vehicle Infrastructure & Adoption - Tesla roadtrips are 99.98%+ possible in the US [1] - Tesla drivers are aware of charging options through their vehicle touchscreen [1] - State-owned highway signs indicating Tesla Superchargers are being implemented [1] - The initiative aims to convert range anxiety into range confidence for the general public [1] - The company plans to broadly roll out the highway sign initiative [1]

Electric Vehicle Infrastructure & Adoption - Tesla roadtrips are 99.98%+ possible in the US [1] - Tesla drivers are aware of charging options through their vehicle touchscreen [1] - State-owned highway signs are being implemented to show Tesla Superchargers [1] - The company plans to broadly roll out highway signs indicating Tesla Supercharger locations [1] - The goal is to convert range anxiety into range confidence for the general public [1]

Acquisition Overview - Alphabet is planning to acquire cloud security company Wiz for $32 billion, marking the largest acquisition in its history [3][4] - The initial offer was $22 billion last summer, indicating a significant increase in valuation due to Wiz's strong market position and potential IPO considerations [3][4] Financial Implications - The acquisition will be an all-cash deal, utilizing part of Alphabet's substantial cash reserves, which are approximately $100 billion [5][10] - Wiz generated $350 million in recurring revenue in 2023 and is projected to reach $1 billion in 2025, resulting in a valuation of 32 times its sales [10] Strategic Rationale - The acquisition aligns with Alphabet's strategy to enhance its cloud business, an area where it has lagged behind competitors like Amazon and Microsoft [8][9] - Wiz's technology will support Alphabet's multi-cloud strategy, providing enhanced security for cloud data and mitigating risks associated with AI and large language models [5][6] Market Position - Alphabet's cloud revenue has grown from $9 billion in 2019 to $43 billion in 2024, indicating a strong upward trajectory despite previous lagging performance [9] - The acquisition is expected to bolster Alphabet's competitive position in the cloud computing market, which is increasingly important for its overall business strategy [8][9] Industry Context - The cybersecurity sector is experiencing rapid growth, with companies like Wiz at the forefront of providing essential services for cloud security [11] - The increasing importance of cybersecurity solutions is reflected in the market's willingness to pay premium valuations for companies that can offer innovative protection against evolving threats [11]