FSD 14.1.4 can handle rain very well!The first rains hit the Silicon Valley this past week & see how FSD 14.1.4 handled the streets!Let me know what you think! This test was driven in 2024 Dual Motor Long Range Model X. https://t.co/clFhlw5UAJ ...

Core Insights - WeRide has achieved Start of Production (SOP) for its one-stage end-to-end Advanced Driver Assistance System (ADAS) solution in collaboration with Bosch, setting a new industry record of seven months from project launch to SOP [1] - The WePilot 3.0 system enhances vehicle capabilities by enabling simultaneous perception and action, supporting various compute platforms and sensor fusion, which allows for safe navigation in complex traffic scenarios [2][3] - WeRide's self-learning architecture of WePilot 3.0 is adaptable across different regions, ensuring alignment with real-world conditions and user needs, and has received positive feedback globally [3] Product Development and Rollout - The one-stage end-to-end ADAS solution will be integrated into the annual refresh of Chery EXEED ES and ET models, with existing owners receiving upgrades via Over-the-Air (OTA) updates [4] - WeRide aims to drive global adoption of ADAS technologies, enhancing the driving experience by making it safer and more enjoyable [4] Company Overview - WeRide is recognized as a leader in the autonomous driving industry, being the first publicly traded Robotaxi company and having tested or operated vehicles in over 30 cities across 11 countries [5] - The company has received autonomous driving permits in seven markets, including China, the UAE, Singapore, France, Saudi Arabia, Belgium, and the US, showcasing its regulatory compliance and market presence [5] - WeRide provides a range of autonomous driving products and services from Level 2 to Level 4, addressing various transportation needs [7]

Summary of XPeng 2025 Investor Day Company Overview - **Company**: XPeng (NYSE: XPEV) - **Event**: 2025 Investor Day held on November 5, 2025 - **Location**: XPeng's new headquarters in Guangzhou Key Industry Insights - **Focus on AI and Autonomous Driving**: The event emphasized the integration of AI in automotive technology, showcasing advancements in autonomous driving capabilities and AI-defined applications. - **Emergence of Physical AI**: The concept of "Physical AI" was introduced, highlighting the integration of AI with the physical world to enhance vehicle capabilities and user experience [112][118][127]. Core Product Launches - **New Product Launches**: Four major products were announced, including the new X9 REEV, which achieved CNCAP five-star safety ratings and is set to enter European and other overseas markets [12][12][12]. - **X9 Features**: The X9 includes advanced safety features, such as zero gravity seats that integrate with ADAS signals for enhanced passenger safety during collisions [13][14][15][16]. - **Energy Consumption Innovations**: The new X9 utilizes lightweight materials like aluminum and magnesium alloys, reducing weight by 15% while maintaining safety standards [18][19][20]. Technological Advancements - **AI Computing Power**: XPeng's AI computing cluster has reached 2,250 TOPS, significantly enhancing the vehicle's autonomous driving capabilities [10][161]. - **VLA 2.0 Model**: The introduction of the VLA 2.0 model aims to improve decision-making in autonomous driving, with better performance in complex driving scenarios [27][156][168]. - **Narrow Road Navigation**: A new narrow road navigation feature was highlighted, which aims to improve the vehicle's performance in complex urban environments [162][167]. Market Positioning and Future Outlook - **Global Expansion**: XPeng is preparing to enter international markets, particularly in Europe, with tailored features for different regional requirements [12][12][12]. - **Focus on User Experience**: The company aims to enhance user experience through advanced safety features and AI-driven functionalities, positioning itself as a leader in the smart EV market [16][70][168]. Additional Noteworthy Points - **Flying Cars**: The event also teased the development of flying cars, showcasing XPeng's ambition to innovate beyond traditional automotive solutions [30][38][70]. - **Sustainability Initiatives**: XPeng is committed to reducing energy consumption and improving vehicle efficiency through both hardware and software optimizations [20][21][24]. This summary encapsulates the key points from the XPeng 2025 Investor Day, focusing on the company's advancements in technology, product launches, and strategic direction in the automotive industry.

Core Viewpoint - The seventh-generation Robotaxi from Xiaoma Zhixing has officially launched operations, showcasing the company's commitment to scaling up its autonomous taxi services and laying the groundwork for a fleet of 1,000 vehicles by the end of 2025 [3][14]. Group 1: Product Features - The seventh-generation Robotaxi utilizes 100% automotive-grade components, designed for a lifespan of 600,000 kilometers, and has reduced the total cost of the autonomous driving suite by 70% compared to the previous generation, facilitating mass production and operational deployment [4]. - It is the world's first Robotaxi model to achieve L4-level full-scene autonomous driving based on automotive-grade SoC chips [4]. - The vehicle has undergone extensive testing, including over 3.5 million kilometers of public road testing, ensuring its readiness for passenger service [4]. Group 2: User Experience - The Robotaxi features a unique welcoming system that recognizes passengers via Bluetooth, automatically unlocking the doors, and includes customizable LED welcome lights for a personalized experience [6][9]. - Passengers can adjust the air conditioning or open windows via the app before boarding, and initiate the journey using voice commands after securing their seatbelts [9]. - The vehicle's interior is designed for enhanced user interaction, allowing real-time access to trip details, music control, and climate settings, with plans for full voice interaction in the future [9]. Group 3: Safety and Comfort - The seventh-generation Robotaxi is equipped with 34 sensors, including 9 LiDARs and 14 cameras, providing 360-degree coverage and detecting objects up to 650 meters away, ensuring safety across various driving conditions [10][13]. - The vehicle employs a multi-system redundancy architecture with over 20 safety redundancies and more than 1,000 monitoring designs to guarantee operational safety [13]. - An SOS physical button is included for emergency situations, allowing passengers to call for assistance quickly [13][17]. Group 4: Market Position - Xiaoma Zhixing is the only company operating fully autonomous Robotaxis in major cities such as Beijing, Shanghai, Guangzhou, and Shenzhen, with a fleet of over 720 vehicles [14].

Core Viewpoint - Uber Technologies reported strong growth in key metrics, but the stock price fell over 5% due to market reactions and slight margin misses, presenting a potential buying opportunity for investors [1][2][19]. Financial Performance - Uber's trips, gross bookings, and revenue grew by 22%, 21%, and 20% respectively, exceeding expectations, while monthly active platform customers increased by 17% [3][12]. - The company reported earnings of $311 per share, significantly higher than the expected $0.69, although this included a $4.9 billion benefit from a tax valuation release [4][3]. - Uber Eats showed remarkable performance with 25% gross bookings growth and 29% revenue growth, while the mobility segment grew by 20% in both gross bookings and revenue [4][5]. Market Context - The stock's decline was influenced by a broader market downturn and specific weaknesses in travel stocks, which affected investor sentiment [6][7]. - Increased competition in food delivery from companies like DoorDash and in ride-sharing from Lyft may have contributed to concerns about Uber's margins [8][10]. Strategic Outlook - Uber provided strong guidance for the current quarter, indicating healthy gross bookings outlook, although EBIT forecast was in line with expectations [6]. - The company is focusing on growing market share in both ride-sharing and delivery, enhancing customer engagement, and expanding the Uber One membership program [14][15]. - Customer engagement improved by 4% in the quarter, with users of both services spending three times more and retaining 35% better than single-service users [15][16]. Profitability and Growth - Despite a slight miss in margins, adjusted earnings for interest, taxes, depreciation, and amortization grew by 33% year-over-year, indicating strong profitability [17][19]. - Uber's growth is accelerating, with the mobility business achieving its best gross bookings growth in six quarters and the delivery business its best growth since Q2 2022 [12][19].

Core Insights - Uber Technologies, Inc. is a leading player in the ride-sharing and food delivery sectors, leveraging technology-driven solutions to compete with rivals like Lyft and DoorDash [1] Financial Performance - In Q3 2025, Uber reported earnings per share (EPS) of $3.11, significantly surpassing the Zacks Consensus Estimate of 67 cents, marking over 100% year-over-year growth [3][6] - Total revenues for the same quarter reached $13.46 billion, exceeding the consensus estimate of $13.26 billion, reflecting a year-over-year growth of 20.4% [3][6] Stock Performance and Market Outlook - Following the earnings announcement, Uber's stock experienced a decline, attributed to a cautious outlook for Q4, despite the company's strong fundamentals [4] - Mark Kelley from Stifel Nicolaus set a price target of $122 for Uber, indicating a potential increase of approximately 29.87% from its stock price of $93.94 at that time [2] Segment Contributions - The Mobility segment was a significant revenue driver, accounting for 57% of total revenues and showing a 20% increase year-over-year [5] Future Projections - For Q4, Uber forecasts gross bookings to be between $52.25 billion and $53.75 billion, with adjusted EBITDA expected to range from $2.41 billion to $2.51 billion [5]

Financial Data and Key Metrics Changes - Consolidated revenues for Q3 were approximately $1.6 billion, with a gross profit of $24 million, which included $125 million of depreciation and $24 million of stock-based compensation expense [9][10] - Adjusted EBITDA losses for Q3 were $602 million, with a quarter-over-quarter increase in overall operating expenses driven by elevated R&D investments and SG&A growth [9][10] - The company ended the quarter with approximately $7.1 billion in cash, cash equivalents, and short-term investments, showing improvements in working capital [11][12] Business Line Data and Key Metrics Changes - The automotive segment produced 10,720 vehicles and delivered 13,201 vehicles, generating $1.1 billion in automotive revenue, although automotive gross profit was negative $130 million due to low fixed cost absorption [10][11] - The software and services segment reported $416 million in revenue and $154 million in gross profit, with significant contributions from a joint venture with Volkswagen Group [11] Market Data and Key Metrics Changes - The average new vehicle purchase price in the U.S. is now just over $50,000, with the most popular configuration being a five-seat SUV or crossover, which aligns with the target market for the upcoming R2 model [4][17] Company Strategy and Development Direction - The company is focused on launching the R2 model and developing its technology roadmap, including autonomy and vertically integrated hardware and software [3][7] - The R2 is designed to address a significant market opportunity with a lower cost and improved performance, aiming to capture a wide range of customers [4][17] - The company plans to expand its manufacturing capacity significantly, with an additional 400,000 annual units expected from a new facility in Georgia [6][7] Management's Comments on Operating Environment and Future Outlook - Management acknowledged near-term uncertainties from trade, tariff, and regulatory policies but remains focused on long-term growth and value creation [9] - The CEO expressed confidence in the company's technology and product offerings, positioning Rivian as a potential market share leader in the long term [8] Other Important Information - The company is reaffirming its 2025 delivery guidance range of 41,500-43,500 units and expects a capital expenditure range of $1.8 billion-$1.9 billion for 2025 [12] - The company is also expecting to receive additional capital of up to $2.5 billion from its joint venture with Volkswagen Group [11][12] Q&A Session Summary Question: Demand environment in the U.S. post-removal of consumer tax credit - Management noted a pull forward of demand into September due to the end of the IRA program, leading to a softer demand environment in October, but remains confident in the long-term demand for R2 [15][16] Question: Expectations for regulatory credits - Management does not expect meaningful revenues from regulatory credits and has removed them from forecasts due to uncertainty in policy changes [19] Question: COGS per vehicle - COGS for Q3 was approximately $96,300 per vehicle, with expectations for improvement as R2 ramps up production [22][23] Question: Update on Volkswagen relationship - The relationship remains strong, with ongoing collaboration on multiple programs, including the development of the Volkswagen ID.1 [30][31] Question: Role in the robotaxi market - The company sees potential in the robotaxi market but is currently focused on technology development for personally owned vehicles [33][34] Question: Plans for eRev vehicles - The company is not planning to offer eRev or hybrid vehicles, focusing instead on a fully electric future [39][40] Question: Update on tariffs and battery sourcing - Recent tariff policy changes are expected to reduce tariff costs per vehicle significantly, and the R2 program will utilize a specific battery cell produced in the U.S. [46][49] Question: OpEx trajectory and R2 launch production cadence - Elevated R&D spending is expected leading up to the R2 launch, with limited volumes in the first half of 2026 and increasing production in the second half [60][63] Question: Capacity saturation and market entry - The company is optimistic about the demand for R2 and R3, with plans to enter the European market, although specific timing has not been announced [68][72][98]

Financial Data and Key Metrics Changes - Consolidated revenues for Q3 were approximately $1.6 billion, with a gross profit of $24 million, which included $125 million of depreciation and $24 million of stock-based compensation expense [9] - Adjusted EBITDA losses for Q3 were $602 million, with a quarter-over-quarter increase in overall operating expenses driven by elevated R&D investments and SG&A growth [9][10] - The company ended the quarter with approximately $7.1 billion in cash, cash equivalents, and short-term investments, showing improvements in working capital [11][12] Business Line Data and Key Metrics Changes - The automotive segment produced 10,720 vehicles and delivered 13,201 vehicles in Q3, generating $1.1 billion in automotive revenue, although automotive gross profit was -$130 million due to low fixed cost absorption [10][11] - The software and services segment reported $416 million in revenue and $154 million in gross profit, with significant contributions from a joint venture with Volkswagen Group [11] Market Data and Key Metrics Changes - The average new vehicle purchase price in the U.S. is now just over $50,000, with the most popular configuration being a five-seat SUV or crossover, which aligns with the target market for the upcoming R2 model [4][17] - The company is optimistic about capturing market share with R2, which is designed to be a cost-effective option starting at $45,000, appealing to a wide range of customers [17][18] Company Strategy and Development Direction - The company is focused on launching the R2 model and developing its technology roadmap, including autonomy and vertically integrated hardware and software [3][7] - A significant investment in Georgia is expected to create 7,500 jobs and provide billions in economic benefits, supporting the expansion of U.S. manufacturing and technology [7] - The company aims to differentiate its autonomous capabilities through an end-to-end AI-centric approach, leveraging data from its growing fleet of vehicles [7][8] Management's Comments on Operating Environment and Future Outlook - Management acknowledged near-term uncertainties from trade, tariff, and regulatory policies but remains focused on long-term growth and value creation [9] - The company reaffirmed its 2025 delivery guidance range of 41,500-43,500 units and adjusted EBITDA loss guidance of $2 billion-$2.25 billion, with expectations for gross profit to be roughly break-even for the full year [12] Other Important Information - The company is not expecting meaningful revenues from the sale of regulatory credits and has removed those from its forecast due to uncertainty in policy changes [19] - The R2 program is set to launch with a 4695 cylindrical cell produced in the U.S. starting in late 2026, with ongoing partnerships to ensure favorable sourcing [49] Q&A Session Summary Question: Demand environment in the U.S. post-consumer tax credit removal - Management noted a pull forward of demand into September due to the end of the IRA program, leading to a softer demand environment in October, but remains confident in the long-term appeal of R2 [16][17] Question: Expectations for regulatory credits - Management does not expect meaningful revenues from regulatory credits and has conservatively removed them from forecasts [19] Question: COGS per vehicle - COGS per vehicle was approximately $96,300 in Q3, with expectations for improvement as R2 ramps up production [22][23] Question: Update on Mind Robotics - The company raised $110 million in seed funding for Mind Robotics, focusing on developing AI-enabled robotic solutions for manufacturing efficiency [25][42] Question: Update on Volkswagen relationship - The relationship remains strong, with ongoing collaboration on multiple programs, including the development of the Volkswagen ID.1 [30][31] Question: Tariff impacts and battery sourcing for R2 - The company expects a reduced tariff impact of a few hundred dollars per vehicle moving forward, with plans to source battery cells domestically [46][49] Question: OpEx trajectory for autonomy training - Elevated R&D spending is expected leading up to the R2 launch, with a normalization of expenses anticipated post-launch [60][61] Question: Production cadence for R2 - Limited volumes are expected in the first half of 2026, with a ramp-up in production in the second half [62] Question: Capacity saturation concerns - The company is optimistic about the demand for R2 and believes it will attract a wide range of customers, addressing a currently underserved market [69][70] Question: European market entry - The company is considering entering the European market sooner due to the removal of export tariffs, although no specific timing has been announced [97] Question: Timing between R2 and R3 launches - R3 will be produced only in the Georgia facility, with no specific timing announced for its launch [99]

Core Insights - Arteris, Inc. reported a record Annual Contract Value (ACV) plus royalties of $74.9 million for Q3 2025, representing a 24% increase year-over-year [2][7] - The company ended the quarter with Remaining Performance Obligations (RPO) of $104.7 million, up 34% year-over-year, marking the first time RPO exceeded $100 million in its history [2][7] - The CEO expressed confidence in long-term growth opportunities driven by expanding product portfolio and increasing demand in high-growth markets such as AI and autonomous driving [2] Financial Highlights - Revenue for Q3 2025 was $17.4 million, an 18% increase from Q3 2024 [7] - Non-GAAP operating loss for Q3 2025 was $3.5 million, compared to a loss of $3.3 million in Q3 2024 [7] - Net loss for Q3 2025 was $9.0 million, or $0.21 per share, compared to a net loss of $7.7 million, or $0.20 per share, in Q3 2024 [7][18] Business Highlights - Altera expanded its use of Arteris' IP products and licensed additional software products [7] - AMD ordered more licenses of Arteris technology following a previous multi-project license [7] - New customers in the automotive and industrial sectors were added, including Dream Chip and a leading automotive OEM [7] Guidance - For Q4 2025, Arteris expects ACV plus royalties to be between $74.0 million and $78.0 million [6] - Revenue guidance for FY 2025 is projected to be between $68.8 million and $69.2 million [6] - Non-GAAP operating loss for FY 2025 is estimated to be between $12.5 million and $13.5 million [6]

Core Viewpoint - Uber's stock is declining despite a revenue beat in Q3, primarily due to concerns over future earnings and the impact of autonomous vehicles on the ride-sharing industry [1][2]. Financial Performance - Uber reported third-quarter revenue that exceeded expectations, but operating income fell short of estimates [1]. - Gross bookings are on the rise, with projections for Q4 bookings to increase by 18% to 22% [7]. Industry Dynamics - The introduction of autonomous vehicles poses a significant risk to Uber's business model, potentially leading to a more concentrated supply of ride-sharing services [2][3]. - The ride-sharing market may experience fragmentation similar to human drivers, but advancements in technology from companies like Waymo and Tesla could disrupt this balance [3][9]. Competitive Landscape - Uber's current business performance is strong, but concerns exist regarding the long-term implications of autonomous technology, contrasting with Tesla's perceived future potential despite its current struggles [4][6]. - The risk of supply concentration could diminish Uber's role as a middleman, affecting its revenue model and market position [10][11]. Technological Considerations - The rapid advancement of autonomous vehicle technology could lead to significant changes in the transportation landscape, potentially sidelining traditional ride-sharing models [8][9]. - Companies like Tesla and Waymo are at the forefront of this technology, which may alter the competitive dynamics in the ride-sharing industry [12][13].