Wheels Up To NAMAD, Elon (still) Buying Twitter (Maybe), Non Auto Minds Joining Auto

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Welcome to Wednesday as we get ready to cover the 2022 Namad Annual Meeting. We’re also talking about Elon holding true to his original offer for Twitter, an outside automotive tech joining the automotive ranks to help improve auto tech, and a big step forward in home connectivity.

  • In another turn of events, Elon is in for $44mm again
    • Twitter shares jumped 12.7% to $47.93 before trading was halted for the second time, while Tesla shares rose by about 2.4%.
    • Deal is supposed to close at the originally agreed upon $54.20 price
    • Twitter employees, caught by surprise in the middle of meetings on Tuesday, expressed disbelief in tweets. "I am sitting on 2023 company wide strategy readouts and I guess we are going to collectively ignore what's going on," wrote Rumman Chowdhury, Twitter's director of machine learning ethics, transparency and accountability.
    • Take away: Anyone want to guess what impact brand has on value?
  • Salesforce VP of Engineering joins auto digital retailing leadership team
    • “Dan’s proven track record of building and maintaining top-talent culture at Salesforce is truly impressive and unique in any size of engineering organization,” said Andy Park, CEO and Founder of CarNow. “His experience combined with our organizational growth tees up an exciting next chapter at CarNow as a technology leader.”
    • Jemiolo led the team responsible for integrating Slack into Salesforce following the acquisition
    • Take away: We are seeing more and more enterprise tech enter and be connected to auto, both the tech and the people.
  • Matter 1.0 is finally ready for launch, changing smart home connectivity
    • Matter is a protocol to connect compatible devices and systems with one another. Smart home devices should be secure, reliable, and seamless to use. And with Matter, they are.
    • Layman's terms: the smart home industry just agreed on a data centricity
    • The first rollout also includes Matter controllers and bridges. These are devices that already connect and communicate with other devices in the smart home ecosystem.
    • Take away: Sounds a bit familiar with what auto data sources are trying to figure out. Maybe another industry we can look to for guidance.

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