[music] It is time for the light from rap and then the light round is over. Are you ready. Let's go to Daniel in New York.Daniel. >> Yes. Hi Jim.I just want to tell what are your thoughts on one oak. >> One oak is a buy right here and not just because I think water holst is terrific. Let's go to Jaylen in Texas.Jaylen. >> Hey Jim. Such a pleasure to speak to you.Uh my question is on Lucid Stock that >> I'll give you MY ANSWER. >> NOW WE'RE GOING to Alex in Jersey. Alex.>> Hey Jim. Alex from New Jersey. Happ ...

Summary of Faraday Future Intelligent Electric Conference Call Company Overview - **Company Name**: Faraday Future Intelligent Electric - **Ticker**: FFIE - **Founded**: 2014 by YT Jia - **Headquarters**: California - **Market Cap**: Approximately $200 million [16] - **Investment in R&D and CapEx**: About $3.5 billion, resulting in a portfolio of around 600 patents [3] Vehicle Production - **Vehicles in Production**: - **FF 91**: Ultra-premium vehicle, produced in-house, features include 1,000 horsepower, nearly 400 miles range, and 0 to 60 mph in 2.3 seconds [5][6] - **FX Super 1**: Luxury mass consumer vehicle, partnered with Chinese OEMs for final assembly in the U.S., priced at approximately $84,000 [5][13] - **Manufacturing Site**: Located in Hanford, California, with an initial capacity of 10,000 units, ramping up to 30,000 units annually [3] Business Model - **Unique Proposition**: Partnering with Chinese OEMs for final assembly to mitigate tariffs (200% for direct imports vs. 25% for parts) [9] - **Regulatory Advantage**: FF 91's software is developed in-house, allowing for compliance with upcoming U.S. regulations banning software from China and Russia by 2027 [10][31] - **Established Dealership Network**: Provides a competitive edge over new entrants [10][31] Market Positioning - **Target Market**: - High-end EV market (vehicles over $100,000) addressed by FF 91 - Mass market (sub-$80,000) targeted by FX Super 1 [4] - **Competitors**: Notable competitors include Tesla, Lucid, and Rivian, with a focus on differentiating through pricing and technology [4][17] Sales and Demand - **Pre-orders**: Over 11,000 pre-orders for FX Super 1, with strong interest noted during the UAE launch and LA Auto Show [13][20][26] - **Delivery Timeline**: Initial deliveries in the UAE began in late November, with U.S. pre-production vehicles expected in the next three weeks [15][25] Financial Performance - **Burn Rate**: Faraday Future's burn rate is under $80 million annually, significantly lower than peers like Lucid and Rivian, which are burning close to $3 billion [17] - **Gross Margin Targets**: Expected to be around 10%-15% due to the unique business model [17] Future Outlook - **Production Timeline**: Mass production is anticipated to ramp up in 2027, with 2026 seen as a foundational year [27][28] - **New Models**: Plans for additional models, including the FX4, targeting a lower price point (sub-$40,000) [21][30] - **Market Focus**: Primary focus remains on the U.S. market, with the UAE serving as a testing ground for new ideas and partnerships [22][23] Key Takeaways - **Competitive Advantages**: Tariff mitigation, regulatory compliance, and established dealership networks are critical to Faraday Future's strategy [9][10][31] - **Investor Value Proposition**: The company is viewed as undervalued compared to peers, with significant growth potential as production ramps up [16][32] - **Management Team**: Strong leadership with extensive experience in the automotive industry [11] This summary encapsulates the key points discussed during the conference call, highlighting Faraday Future's strategic positioning, vehicle offerings, market dynamics, and future growth prospects.

“There is a slowdown, there’s no question about it,” Lucid’s interim CEO said of EV demand in the US and Europe https://t.co/NiLYooAhjv ...

扬子晚报网12月9日讯（记者 范晓林）今天是周二，昨天太阳电缆、安记食品4连板，龙洲股份、国机重装、骏亚科技3连板，航天机电6天4板，海王生 物、海欣食品8天7板，顺灏股份6天5板。沪深两市成交额1.73万亿，较上一个交易日放量1768亿。盘面上，市场热点轮番活跃，全市场近4400只个股上 涨。板块方面，保险、贵金属、福建、商业航天等板块涨幅居前。 A.利好精选 两连板航天动力：仅配合加工火箭发动机零部件 营收占比不足2% | 新股名称 元创股份 | 申购日期 2025-12-09 | | --- | --- | | 申购代码 001325 | 上市地点 深圳证券交易所 | | 发行价格 24.75 | 所属板块 其他橡胶制品 | 航天动力(600343.SH)发布股票交易风险提示性公告，公司主营业务不涉及商业航天，亦无商业航天类资产对外投资，仅配合加工火箭发动机零部件，营 收占比不足2%。公司主要从事泵及泵系统、液力传动系统等的研发、生产、销售，业务主要涉及能源、化工、水利、交通等行业，主要应用于民用领 域。 沐曦股份：新股中签结果公布 中签号码共有19331个 沐曦股份公告称，发行人和保荐人12月8日上午 ...

Financial Data and Key Metrics Changes - The company reported a GAAP net loss of $6 million for the third quarter, which includes a non-cash loss of $4.4 million due to changes in the fair value of equity investments [23][24] - Non-GAAP loss for the quarter was $446,000, primarily reflecting incremental contractor development costs for the Veris implantable device [24][25] - Cash burn rate for the third quarter was $900,000, which included approximately $500,000 in outside contractor development costs for the implantable device [20][25] Business Line Data and Key Metrics Changes - Lucid's revenue for the quarter was $1.2 million, with test volume exceeding 2,800, consistent with the target range of 2,500-3,000 tests [10][11] - Veris launched the commercial phase of its strategic partnership with OSU, targeting 1,000 patients in the first year for enrollment in a registry [12][14] Market Data and Key Metrics Changes - The company remains the largest shareholder of Lucid Diagnostics, owning approximately 23% of the common shares outstanding, with a 28% voting interest [21][22] - Lucid's stock price experienced a sequential reduction of $4.4 million, impacting the equity method investment balance [20][22] Company Strategy and Development Direction - The company aims to stabilize its corporate structure and balance sheet, with plans to operate as a diversified commercial life sciences company with multiple independently financed subsidiaries [5][6] - A licensing agreement with Duke University and the University of North Carolina for breakthrough endoscopic imaging technology is in the final stages, which could transform treatment for esophageal precancer [8][46] - The company is expanding its commercial offerings for Veris beyond remote patient monitoring to include clinical support services and AI-based clinical decision tools [17][43] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to complete its restructuring and reignite its broader vision, with several promising technologies in the pipeline [27][28] - The company is optimistic about the Medicare coverage for EsoGuard, which is seen as a significant milestone for Lucid [10][11] Other Important Information - The company has secured financing to support the development and FDA submission of Veris's implantable device, with a submission planned for 2026 [12][18] - The company is focused on building a clinical support team to enhance the efficiency of its platform and provide value-added services to commercial partners [16][42] Q&A Session Summary Question: Status of the implantable monitor development - Management confirmed that the development is progressing well with a new manufacturing partner, and the clinical requirements are modest, primarily involving a skin study [33][34][38] Question: Commercialization conversations with other cancer centers - Management indicated that they plan to start commercialization discussions with other centers in the first quarter after gaining experience with OSU [40][41] Question: Exclusivity and timing of the endoscopic imaging technology agreement - Management stated that a definitive license agreement is expected soon, and the technology will be developed within a separate subsidiary of PAVmed [46][48]

Tesla - State Street面临散户威胁，若再次反对马斯克薪酬方案，散户将撤资卖出其ETF [1] - 特斯拉招聘Robotaxi高级保险理赔专员，预示Robotaxi项目落地临近 [1] - 特斯拉Model Y Performance准车主被要求提前交付，或为年底冲量行动 [1] - 特斯拉将为高压电池提供新的延长保固选项，体现对电池寿命和可靠性的信心 [1] Rivian - Rivian Q3财报显示营收156 billion美元，每股亏损065%美元，优于预期 [2] - Rivian宣布合并毛利首次转正，达到24 million美元，但实际是福斯(VW)预付款带来的会计利润 [2] - 高盛将Rivian目标价从15美元砍至13美元，质疑其盈利能力 [2] - Rivian预计2026年上半年交付R2，但254%的毛利率目标难以实现 [2] Lucid - Lucid Q3财报调整后每股亏损265%美元，低于市场预期 [2] - Lucid毛利率为负991%，卖一台亏一台 [2] - Lucid第三季度现金消耗高达955 million美元，同比暴增53% [2] - Lucid再次下调全年生产指引至18000台左右，原因是供应链中断和Gravity量产爬坡不顺利 [2] - 沙特阿拉伯主权财富基金（PIF）将对Lucid的贷款额度增加到大约2 billion美元 [2]

Core Insights - The article discusses the author's background and experience in the investment management industry, highlighting a focus on long/short equities and a strong educational foundation in Finance and Accounting [1]. Group 1: Author's Background - The author has been writing for Seeking Alpha since 2011 and has a long-standing interest in the markets, dating back to elementary school [1]. - The author holds a Bachelor of Science Degree from Lehigh University, with a double major in Finance and Accounting and a minor in History [1]. - The author served as the Head Portfolio Manager of the Investment Management Group at Lehigh University, managing three portfolios [1]. Group 2: Professional Experience - The author has completed two internships, one at a large bank and another managing the Lehigh University Endowment for nearly a year [1].

Core Viewpoint - The global automotive industry is facing a significant chip shortage exacerbated by the Dutch government's intervention in the semiconductor company Nexperia, which has led to supply chain disruptions and production halts among major automakers [1][2][3]. Group 1: Supply Chain Disruptions - The Dutch government has taken control of Nexperia, a subsidiary of the Chinese company Wingtech, citing national security concerns, which has unexpectedly triggered a global chip shortage for automotive manufacturers [2][4]. - Nexperia's actions, including halting supplies, have been criticized for disregarding customer interests and violating contractual agreements, leading to a loss of trust among clients [2][5]. - Major automakers like Volkswagen and Honda have reported production issues, with Volkswagen experiencing its first quarterly loss in five years and Honda halting production at key facilities due to chip shortages [3][7]. Group 2: Impact on Automotive Manufacturers - The European Automobile Manufacturers Association has warned that if Nexperia's supply does not resume quickly, production interruptions could occur within weeks, affecting several factories [3][7]. - Automakers are facing a critical shortage of essential components, particularly electronic control units (ECUs), which are vital for vehicle functionality [7][10]. - The automotive industry is experiencing a rush to find alternative suppliers, but the transition is complicated by lengthy certification processes and the inability of smaller suppliers to meet sudden demand [9][10]. Group 3: Market Dynamics and Future Implications - The semiconductor market is witnessing a shift in risk from predictable shortages to unpredictable political interventions, which could have long-term implications for supply chain stability [11][14]. - The current crisis may accelerate the push for domestic semiconductor production and self-sufficiency in the automotive sector, as companies seek to mitigate risks associated with geopolitical tensions [14]. - The automotive industry is likely to face increased costs and longer lead times for components as they transition to alternative suppliers, which may not be able to match Nexperia's scale and pricing [10][14].

Core Viewpoint - The global automotive industry is facing a significant chip shortage exacerbated by the Dutch government's intervention in the semiconductor company Nexperia, which has led to supply chain disruptions and production halts among major automakers [1][2][3]. Group 1: Supply Chain Disruptions - The Dutch government took control of Nexperia, which has triggered a global chip shortage impacting major automotive manufacturers like Volkswagen and Honda, leading to production halts and financial losses [2][3]. - Nexperia's Chinese subsidiary has reported a significant debt of 1 billion RMB to its packaging and testing factory in Dongguan, indicating financial strain and potential supply issues [1][4]. - Major automakers, including Ford and BMW, are facing imminent production cuts if the chip supply issue is not resolved within weeks [7][9]. Group 2: Impact on Automotive Manufacturers - Volkswagen reported its first quarterly loss in five years, attributing it to the ongoing chip shortage, while Honda has announced production halts at key facilities in North America [2][5]. - The European Automobile Manufacturers Association warned of potential production interruptions across the continent if Nexperia's supply does not stabilize soon [2][7]. - The automotive industry relies heavily on Nexperia's components, which are critical for various vehicle functions, making the shortage particularly acute [5][6]. Group 3: Market Dynamics and Alternatives - Automakers are scrambling to find alternative suppliers, but the transition is complicated by lengthy certification processes that can take 18 to 24 months, making immediate solutions difficult [10][11]. - The cost of sourcing components from alternative suppliers is expected to rise by 20-30%, further straining manufacturers already facing financial pressures [11][12]. - The geopolitical landscape is influencing supply chain decisions, with companies urged to mitigate risks by diversifying suppliers and considering local production options [13]. Group 4: Future Implications - The current crisis may accelerate the push for domestic semiconductor production capabilities in China, as companies seek to reduce reliance on foreign suppliers [13]. - The situation highlights the need for the automotive industry to adapt to geopolitical risks and enhance supply chain resilience [13].

Domestic News - The 15th Five-Year Plan emphasizes boosting consumption, enhancing public service spending, and removing unreasonable restrictions on consumption such as those related to automobiles and housing [7] - China and ASEAN have agreed to consider each other's standards when formulating their own, particularly in the fields of new energy vehicles and electronics [8] - The upcoming 8th China International Import Expo will introduce new themes including automotive and cultural tourism, showcasing 461 new products and technologies [9] - Shenzhen has announced the cessation of its automobile replacement subsidy policy after reaching its budget limit for 2025 [10] - Changan Automobile has launched a purchase tax subsidy plan across all its brands to alleviate consumer concerns regarding tax benefits [11][12] - Aion, in collaboration with JD.com, is set to launch the Aion UT super model targeting the 100,000 yuan market [13] - Xiaomi has established a new department focused on the next-generation technology architecture for its electric vehicles, directly reporting to Lei Jun [14] - Seres has published a patent for torque control methods to prevent vehicle instability during high-speed driving [15] International News - In September, European car sales increased by 11% to 1.24 million units, with Tesla's registrations down by 19% and BYD's up by 272% [16] - Thailand's new car sales surged by 24% year-on-year in September, reaching 48,350 units [17] - Stellantis has partnered with NVIDIA, Uber, and Foxconn to explore the development of L4 autonomous vehicles for ride-hailing services [18] - Lucid Motors and NVIDIA are collaborating to launch the first L4 autonomous electric vehicles, leveraging NVIDIA's advanced driving technology [19] Commercial Vehicles - The cold chain logistics market in China has shown steady growth, with a total demand of 11.73 million tons in Q3, up 4.49% year-on-year [20][23] - The National Development and Reform Commission has introduced a 20% subsidy for green methanol projects, marking a significant step in supporting clean fuel technologies [21] - Guangso Future is collaborating with Serbia to develop a new ecosystem for electric trucks, focusing on autonomous commercial vehicle technology [22] - GAC's Lingcheng showcased its multi-energy route technology at the Greater Bay Area Commercial Vehicle Conference, emphasizing the integration of various energy sources [25]