Ford (F) Conference June 11, 2025 08:00 AM ET Speaker0 Welcome to the DB Global Auto Conference. My name is Edison Yu. I lead The US autos research here. We're gonna kick things off with a bang this morning with Ford. Very pleased to be joined by Andrew and Naveen. Thank you. Speaker1 Good morning, Trevor. Good morning, everyone. How are doing, Edison? Speaker0 Excellent. Andrew is the president of Affordable and also for Male. Naveen is the CFO of Ford Pro. Between the two of you, I'm sure we can cover man ...

Core Insights - Beamr Imaging Ltd. is launching a high-performance video compression solution for autonomous vehicles at NVIDIA GTC Paris, which can reduce video storage by up to 50% without compromising quality [1][3] Group 1: Technology and Innovation - Beamr's proprietary technology addresses the challenge of managing large volumes of video data generated by autonomous vehicles, which can produce terabytes of data daily and require tens to hundreds of petabytes for model training [2] - The Content-Adaptive Bitrate (CABR) technology, built on NVIDIA accelerated computing, achieves significant compression while preserving essential visual features for training autonomous driving models [3][5] - Beamr's technology has been validated through benchmark testing, demonstrating high detection accuracy and minimal impact on machine learning performance while enabling substantial cost savings [5] Group 2: Market Context and Demand - The autonomous vehicle industry faces increasing pressure from rising video storage demands and infrastructure costs, making efficient video management critical [5] - The need for both real-world and synthetic video data is essential for training models that can handle a wide range of driving scenarios, including rare edge cases [4] Group 3: Company Background and Positioning - Beamr is recognized as a leader in content-adaptive video compression, with a strong client base that includes major media companies like Netflix and Paramount [6] - The company holds 53 patents for its perceptual optimization technology and has received an Emmy® Award for Technology and Engineering, underscoring its innovation and industry impact [6]

Core Viewpoint - Tesla is a leader in the electric vehicle industry, but its focus on autonomous full self-driving (FSD) software may not be enough to maintain its competitive edge against companies like Uber, which is advancing in the commercialization of autonomous driving technology [1][2][17]. Tesla's Position - CEO Elon Musk has promised self-driving cars since the early 2010s, with plans to launch the Cybercab robotaxi in Texas and California this year [4]. - The Cybercab operates entirely on Tesla's FSD software, which has shown to outperform human drivers significantly, with a crash rate of one every 7.44 million miles compared to one every 702,000 miles for manual drivers [5][6]. - If FSD receives approval for unsupervised use, it could transform Tesla's economics by generating consistent revenue from passenger transport and small commercial deliveries [7][8]. - Ark Investment Management estimates that the Cybercab could generate $756 billion in annual revenue from autonomous ride-hailing by 2029, contingent on regulatory approval and market acceptance [8]. Uber's Position - Uber operates the largest ride-hailing network globally, with over 170 million monthly users, giving it a significant advantage over Tesla, which is starting from scratch [9]. - As of Q1 2025, Uber had 18 partnerships with autonomous technology developers, up from 14 six months prior, including a partnership with Waymo, which is already conducting over 250,000 paid autonomous rides weekly [10][11]. - Uber's gross bookings reached $42.8 billion in Q1, with a revenue of $11.5 billion after driver payments and merchant payouts, indicating a strong financial position [12]. - The potential to reduce driver costs through autonomous vehicles could significantly enhance Uber's profitability, as driver expenses are its largest cost [13]. Comparative Analysis - Uber's model allows it to partner with multiple autonomous vehicle developers without significant capital investment, providing flexibility and resilience against market changes [14]. - In contrast, Tesla must invest heavily in manufacturing Cybercabs, improving FSD, and building a ride-hailing network, which poses existential risks given its declining EV sales [15]. - Tesla's current stock valuation is high, with a P/E ratio of 171 compared to the Nasdaq-100's 30.6, making it difficult to justify its premium valuation amid shrinking earnings [16].

*Stock prices used were from the trading day of June 6, 2025. The video was published on June 9, 2025. In this week's video, I cover need-to-know news items related to Tesla (TSLA 5.66%) during the week of June 2. Watch the short video to learn more, consider subscribing, and click the special offer link below. Here's everything you need to know about the electric vehicle maker's week. ...

Market Overview - In May, the automotive market showed strong performance despite being a traditionally slow season, driven by the "two new" policies and various consumption promotion measures [1] - Retail sales of new energy passenger vehicles reached 1.027 million units in May, representing a year-on-year increase of 28.9% and a month-on-month increase of 13.6% [1] - Cumulatively, sales for the first five months of the year reached 4.357 million units, up 34.2% year-on-year [1] Brand Performance - BYD maintained its leading position with retail sales of 293,021 units in May, showing a year-on-year growth of 9.2% and a month-on-month growth of 9.0% [1] - Geely Automotive ranked second with sales of 130,398 units in May, achieving a year-on-year growth rate exceeding 100% [2] - The top 10 new energy vehicle brands in May saw changes, with Hongmeng Zhixing and Seres Automotive entering the list, while Xiaomi and XPeng dropped out [1] Notable Models - The A0-class pure electric vehicle, Geely Xingyuan, significantly contributed to Geely's sales growth [2] - Hongmeng Zhixing's Aito series, particularly the Aito M9 and M8 models, achieved high delivery numbers, with M9 delivering 15,481 units and M8 delivering 12,116 units in May [2] - The Aito brand's strong performance in the high-end market solidified Hongmeng Zhixing's position and boosted Seres Automotive's sales [2]

“At a very high level, I'd say that autonomy is an insanely fundamental breakthrough. And no one is even close to Tesla for solving generalized autonomy or generalized self-driving vehicles. No one's even close.”Elon Musk https://t.co/2likK7HN5Y ...

Investment Rating - Industry View: In-Line [5] Core Insights - Global electric vehicle (EV) sales increased by 38% year-over-year (y/y) in April 2025, with China leading the growth at 51% y/y [1] - Tesla's global sales decreased by 17% y/y, with a notable decline of 15% y/y in the US market [1][8] - The top battery electric vehicle (BEV) manufacturers globally include BYD, Geely, and GM, while Tesla's market share has dropped significantly [7][27] Summary by Sections Global BEV Sales - Total global BEV sales reached 1,079,716 units in April 2025, marking a 38% increase y/y but a decrease of 11% from the previous month [7] - The leading BEV manufacturers in April 2025 were BYD (181k sales), Geely (101k sales), and GM (96k sales) [7][22] - Tesla's market share in the global BEV market fell to 7.9% in April 2025, down from 12.3% the previous month [7][27] Regional Performance - In the US, BEV sales decreased by 4% y/y to 95,427 units in April 2025, with an EV penetration rate of approximately 6.5% [14] - European BEV sales increased by 30% y/y to 214,288 units, with a penetration rate of around 19.9% [14] - China saw a significant increase in BEV sales, up 51% y/y to 662,541 units, with a penetration rate of about 30.2% [14] Top BEV Models - The top-selling BEV models globally in April 2025 included the Tesla Model Y (57k sales), BYD Seagull/Dolphin Mini (38k sales), and Wuling HongGuang Mini (36k sales) [30] - The total sales of the top 20 BEV models accounted for 41% of the total BEV sales in April 2025 [30] Battery Deployment - Total MWh deployed in April 2025 increased by 32% y/y to 66,771 MWh [11] - The top five cell suppliers deployed a combined 49,858 MWh in April 2025, compared to 38,889 MWh the previous year [11] Market Share Dynamics - Tesla's share of the US BEV market decreased from 46.0% last year to 41.0% in April 2025 [8] - The market share of other manufacturers such as BYD and GM has been increasing, indicating a shift in competitive dynamics within the industry [24][27]

Competitive Landscape & Strategy - The company does not directly compete with Tesla, focusing on building L4/5 autonomy and a general-purpose "Whimo driver" applicable across various settings [1] - The company acknowledges Tesla's efforts in self-driving technology and anticipates success for both Tesla and the company in the autonomous vehicle space [2] - The company positions itself as a deep technology company, emphasizing the development of AI robots, with significant scaling up planned for the future [2] Technological Focus & Innovation - Autonomous vehicles are viewed as a potentially transformative AI application, comparable to a major historical shift [3] - The company's "Whimo" is considered a robot on four wheels, aligning with broader robotics initiatives within Alphabet, potentially including Gemini robotics [4] - Google DeepMind team is heavily invested in Gemini robotics, with the company contributing underlying models and research [5] - The company is actively driving progress in robotics, particularly focusing on overcoming software challenges through AI and generalized models for safe and generalized real-world applications [6] Future Outlook & Partnerships - The company is exploring applications and partnerships in robotics, with plans to articulate these strategies further in the future [5][6] - The company believes AI will drive significant progress in robotics, addressing previous software limitations [6]

Key Takeaways Tesla is currently a Zacks Rank #5 (Strong Sell), indicating downward trending EPS revisions. A competitor, Rivian Automotive (RIVN), is a Zacks Rank #2 (Buy), sporting a stronger EPS outlook. Investors should be aware of the heightened volatility within EV stocks. Tesla (TSLA) has been a polarizing stock over the last decade, delivering massive gains for investors as we increasingly shift toward EVs.And in 2025, shares have been volatile, down 30% overall with big price swings.Notably, the ...

Core Insights - Uber Technologies Inc's stock price has increased by 37.53% in 2025, nearing its 52-week high of $93.60, supported by a partnership with Wayve and a dominant 68% market share in the U.S. rideshare sector [1] - The stock has outperformed the S&P 500, rising 26.65% over the past year, with a recent 4.64% increase in the last five days indicating renewed momentum [2] - Despite a slight 1.38% dip this month, user growth is driven by affordable products like UberX Share, and the Wayve partnership enhances its autonomous vehicle initiatives [3] Market Performance - Uber's stock trades above key moving averages, indicating upward momentum, with the eight-day SMA at $84.76, 50-day SMA at $80.77, and 200-day SMA at $74.13 [4] - The Moving Average Convergence Divergence (MACD) at 0.85 suggests continued strength, while the 20-day SMA at $87.62 indicates mild bearish pressure [5] - The Relative Strength Index (RSI) at 55.86 is in neutral territory, suggesting potential for further gains before overheating [5] Investment Sentiment - The combination of Uber's price surge, Wayve partnership, and M&A speculation makes it an attractive investment, although caution is advised due to the 20-day SMA [6] - Investors may consider buying on pullbacks to $80 for a smoother entry, while conservative investors might wait for a breakout above $90 [6]