It's been a very busy week for you. We've been Japan, Korea, Taiwan, Hong Kong. What's been the sort of standout so far, the key takeaways.Well, the key takeaways for us is growth. The APAC market and in particular the North Asia markets as well. They are huge growth markets for us.And if you look, for example, in the rideshare business, over 30% of our global first trips coming into the category come from the APAC region. The area is growing very quickly, including Taxi as well, which is actually one of ou ...

Rivian's developed its own artificial intelligence chip for its future cars. That gamble might pave the way to fully autonomous driving. A lot of the tech world imagines a future where we don't own cars at all.We're talking about fleets of robo taxis. They're summoned through an app, maybe no steering wheel or driver controls at all. But Rivian's in the camp that does see people owning their own cars in the future and being willing to pay top dollar for a software platform that allows the car to drive itsel ...

Core Insights - Investor Ross Gerber believes that Waymo's growth poses a significant challenge to Uber, particularly after Waymo reached a milestone of 450,000 weekly rides [1][2] - Waymo's average ride revenue is approximately $10, leading to an estimated annual revenue of over $200 million, indicating rapid growth [3] - Gerber previously noted that Waymo has captured a 10% market share in San Francisco, further intensifying competition for Uber [4] Company Performance - Waymo operates a fleet of 2,500 cars, generating an average of $200-$250 per day per car [3] - Uber's CEO envisions a hybrid future that combines human drivers with autonomous taxis, suggesting a strategic response to the competition from Waymo [4] Market Trends - Tesla's CEO Elon Musk has announced plans for driverless Robotaxi operations in Austin by the end of the year, indicating a broader trend towards autonomous vehicle services [5] - Alphabet Inc. is noted for strong performance in Momentum, Growth, and Quality metrics, although it is rated poorly on Value [6]

Tesla is now one of the largest publicly traded companies on the stock market.Electric carmaker and robotaxi company Tesla (TSLA +2.19%) is one of the largest companies in the stock market, led by CEO Elon Musk, one of the most prolific tech founders of our time.Tesla is the first company to widely commercialize electric vehicles, which are viewed as a critical innovation in helping to wean the planet off of fossil fuels that have greatly contributed to global warming. While Tesla's core EV business has str ...

Core Insights - Waymo has achieved over 450,000 weekly paid rides, nearly doubling its previous milestone of 250,000 rides reported in April [1][2] - The company is recognized as a leader in autonomous driving, with a product deemed 10 times safer than human drivers [2] - Waymo has expanded its operations to include freeways in three cities and autonomous driving in several major cities [2] Company Performance - The increase in paid rides indicates strong growth and market acceptance of Waymo's robotaxi services [1] - Waymo's total fully autonomous miles reached 100 million, showcasing its extensive operational experience compared to competitors [3] Competitive Landscape - Waymo is advancing ahead of Tesla in the self-driving sector, which has only conducted limited pilot programs [3] - Tesla reported a total of a quarter of a million miles driven in Austin and over one million in the Bay Area, highlighting the competitive dynamics in the autonomous driving market [3]

Core Viewpoint - Volkswagen Group plans to invest €160 billion ($186 billion) through 2030, focusing on products, technology, and infrastructure primarily in Germany and Europe [1][3]. Investment Strategy - The investment is part of Volkswagen's five-year capital expenditure plan, which is revised annually, and is a decrease from the previously earmarked €165 billion for 2025-2029 and €180 billion for 2024-2028 [1][2]. - The investment will also support developments in future-oriented fields such as battery cells, software, and autonomous driving [3]. Market Challenges - Volkswagen faces challenges in its major markets, particularly in the US due to import tariffs and increasing competition in China, which has significantly impacted Porsche, as it generates about half of its vehicle sales in these regions [2][4]. - The company is adjusting its strategy in China, aiming to reduce the cost of developing electric vehicles by up to 50% with the commissioning of a new test center in Hefei [4]. Future Plans - The decision on whether Audi will proceed with a potential manufacturing plant in the US will depend on the financial incentives available from the US government [3]. - Porsche is not expected to expand in China, but there is potential for local vehicle production tailored to Chinese buyers [4].

Core Viewpoint - Tesla is experiencing renewed pressure as Morgan Stanley's Adam Jonas downgraded the stock rating from 'Overweight' to 'Equal-weight', while raising the price target from $410 to $425, indicating updated valuation models and long-term potential in emerging business lines [1][3]. Group 1: Stock Rating and Price Target - Morgan Stanley's Adam Jonas has lowered Tesla's stock rating from 'Overweight' to 'Equal-weight' [1]. - The price target for Tesla has been increased from $410 to $425, reflecting updated valuation models [1][3]. Group 2: Valuation Assessment - Jonas conducted a full reassessment of Tesla's sum-of-the-parts valuation, expanding beyond the vehicle segment [3]. - The revised model assigns value to the Optimus humanoid initiative and includes analysis on robotaxi deployment and Tesla's software-driven Network Services [3]. Group 3: Demand and Earnings Outlook - There is a weaker outlook for electric vehicle demand and Tesla's energy segment, which may impact near-term earnings expectations [4]. - Jonas notes potential dilution risks related to CEO Elon Musk's compensation structure [4]. Group 4: Long-term Catalysts and Valuation Range - Tesla is viewed as a global leader in electric vehicles, renewable energy, and AI, deserving a premium valuation, but high expectations for non-auto businesses have brought the stock closer to fair value [5]. - The valuation levels reflect major long-term catalysts, particularly in autonomy and humanoid robotics, with a broad valuation range from a bear case of $145 to an upside of $860, depending on Tesla's ability to scale robotaxis and deliver unsupervised autonomy [6].

Tesla's FSD Just Got Even Smarter! 🚗💡Elon Musk just confirmed something pretty cool about FSD v14.2.1 – you can now text and drive (safely, of course)!Here's the deal: The system is smart enough to understand the context of surrounding traffic. So if conditions allow, you can handle your phone without compromising safety.Why this matters:FSD is getting better at reading real-world driving situationsIt's not just about automation – it's about intelligent assistanceThe system adapts based on what's happening ...

Core Insights - General Motors (GM) is undergoing a significant transformation under the leadership of Sterling Anderson, who views the company as a canvas for innovation and integration of technology [2][25] - Anderson's strategy focuses on merging software and hardware development to accelerate innovation and streamline product management [4][6] Leadership Changes - Sterling Anderson has consolidated power to oversee the entire product lifecycle, including manufacturing, engineering, and software management [3] - The recent departures of key executives in software and AI, including Dave Richardson and Barak Turovsky, are attributed to restructuring efforts aimed at integrating AI capabilities into GM's core operations [5][20] Strategic Focus - GM aims to develop autonomous vehicles, with a target for autonomous highway driving by 2028, following the disbandment of its Cruise AV business [12][13] - Anderson emphasizes the importance of treating software and product development as interconnected, a shift from previous operational silos [6][20] Executive Background - Anderson, with a strong background in robotics and experience at Tesla and Aurora, is seen as a pivotal figure in GM's push towards software-defined vehicles [15][25] - His appointment reflects a broader trend of hiring tech executives to enhance GM's technological capabilities, although many have faced challenges leading to short tenures [20][23] Cultural Shift - The automotive industry, particularly traditional U.S. automakers, has struggled with integrating technology, leading to high turnover among tech executives [21][23] - Anderson's approach involves leveraging GM's resources while fostering a culture of innovation, aiming to reshape perceptions of the company from a traditional automaker to a modern tech-driven entity [10][25]

Summary of Lucid Group Conference Call - December 03, 2025 Company Overview - **Company**: Lucid Group (NasdaqGS: LCID) - **Industry**: Electric Vehicles (EVs) Key Points Market Position and Demand - Lucid operates in the premium EV segment, which has shown resilience compared to other EV segments [5][8] - Approximately 70% of Lucid vehicles sold in the U.S. are leased [6] - The company is experiencing an increase in market share and positive indicators for Q4, including rising test drives and traffic [8] - The Gravity model is expected to dominate Q4 production and sales, aligning with initial expectations [11] Product Reception and Future Plans - The Gravity vehicle has received numerous accolades for its comfort, finishing, and performance, with order trends meeting expectations [11] - Lucid plans to introduce a new mid-size platform aimed at a price point around $50,000, making it more accessible while maintaining premium quality [19][21] - The mid-size platform will consist of three different vehicles, leveraging unit economics and shared parts [19] Production Strategy - Production of the mid-size platform is planned to start in Saudi Arabia, allowing for cost-effective importation of materials without incurring significant duties [22][23] - The new plant in Saudi Arabia will be fully automated, with production ramping up to full capacity by 2029 [31] - Lessons learned from the U.S. facility will be applied to ensure quality and efficiency in the new plant [34] Partnerships and Technology - Lucid has partnered with Uber and Nuro for autonomous vehicle initiatives, with plans to deploy 20,000 vehicles over six years in the San Francisco area [45] - The partnership with NVIDIA aims to develop level four autonomous driving capabilities, enhancing the consumer experience [49][51] - The company is focused on a dual strategy for autonomy, balancing B2B and B2C applications to mitigate risks and optimize capital allocation [53] Financial Outlook - Lucid is expected to reduce cash usage significantly as production ramps up, with a focus on maximizing returns from existing investments [70][72] - An investor day is planned for the first half of 2026 to discuss cash flow and break-even timelines [68][70] Supply Chain Considerations - The company acknowledges the complexity of the supply chain, emphasizing the importance of sourcing critical parts locally to mitigate risks [88][98] - Lucid is open to sourcing batteries locally in the future if it aligns with their supply chain de-risking strategy [98] Conclusion - Lucid Group is strategically positioned in the premium EV market, with a focus on expanding accessibility through new product offerings and partnerships. The company is leveraging lessons learned from past production experiences to enhance efficiency and quality in future manufacturing endeavors.