AD #2984 – Apple Aims for Own EV by 2024; Hummer EV Could Be a Money Machine; FCA Sues Engine Block Supplier

December 22nd, 2020 at 11:44am

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Listen to “AD #2984 – Apple Aims for Own EV by 2024; Hummer EV Could Be a Money Machine; FCA Sues Engine Block Supplier” on Spreaker.

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Runtime: 8:44

0:38 U.S. December Sales Forecast to Increase From November
1:16 Hottest Automotive Stocks
1:52 Apple Aims for Own EV by 2024
3:37 Hummer EV Could Be a Money Machine
4:11 Bollinger Shows Chass-E for Commercial Applications
4:58 Mercedes to Debut Huge Hyperscreen
5:44 Other Automakers “Low Key” Using Tesla’s Superchargers
6:30 FCA Sues Engine Block Supplier
7:33 Continental & Nexteer Form AV Joint Venture

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23 Comments to “AD #2984 – Apple Aims for Own EV by 2024; Hummer EV Could Be a Money Machine; FCA Sues Engine Block Supplier”

  1. ChuckGrenci Says:

    Even though the initial Hummer EV is sold out, and will be a money machine in its first year, I don’t see this as maintainable (remember, I’m a GM Fan); hopefully it will find a sustainable number per year but sales will slow as the market saturates (even with the reduced priced models coming).

  2. Drew Says:

    Regarding the FCA-Martinrea tiff, I have two questions. 1. Did FCA add internal casting production to increase capacity or to in-source? 2. Who is now the recipient of Martinrea’s re-allocated capacity?

    Martinrea claims FCA was not using all the capacity, which leads me to believe FCA was in the process of in-sourcing, but did not like the idea of a competitor using Martinrea’s capacity.

  3. DanaPointJohn Says:

    A couple weeks ago Elon Musk says he is open to Tesla being acquired. Now this Apple scheme to get into the car business comes up again. Tim Cook should give Musk a call and ask him what he knows, before getting into the nightmare that is car manufacturing.

  4. Lambo2015 Says:

    1) I’m with you and would really like to see GM do well with the Hummer but just don’t see there being a sustainable demand for a 80-113k SUV/EV. Hopefully we are wrong!

    Apple should stick to phones, as that company is really good at creating market demand by offering functions that only work between apple phones that do not operate well outside the Apple umbrella. Like they make it difficult to use google maps on an Apple cause they want you to use Apple’s inferior maps version. So not sure I would want a car that has predetermined preferences on anything.

  5. Wim van Acker Says:

    @3, TESLA’s market capitalization is $600 BB. I am wondering who would be able to buy them. Toyota’s market cap is $245 BB.

    Now, TESLA includes non-automotive business activities and assets as well, so just the automotive part may be worth less than $600 BB.

    Does anyone of the experts on this forum know?

  6. Wim van Acker Says:

    @5: while I was looking this up I noticed that Apple’s market cap is 13X Exxon Mobil’s. And TESLA is over 3X Exxon Mobil. The value of companies like Apple, Google and TESLA is mind-blowing.

  7. Bob Wilson Says:

    Can anyone explain why the Chinese EV maker stocks are up without being impacted by the Apple car claim that selectively impacted only Tesla?

    I would not trust an analyst who seems to have missed TSLA is in the post, S&P500 cool down which should (and has) softened the Tesla stock price.

  8. GM Veteran Says:

    I would not underestimate the size of the $75k and up pickup truck market. It is large and has been growing for a number of years. It can probably absorb another brand, especially as Tesla is aiming lower with the Cybertruck in terms of price point, styling and appointments. The only other luxury EV pickup truck entry I am aware of is Rivian. Only time will tell, but I can see some shoppers going for a luxury EV pickup instead of another GMC Denali, Ford Platinum or Ram Limited.

  9. Kit Gerhart Says:

    4 I don’t see that Hummer thing being sustainable either. It is just an expensive toy, not a practical truck, or a particularly practical commuter vehicle. Maybe they will eventually make something a lot less expensive with it.

    From my experience, google maps works fine with everything. I use it with an android phone, an iPad, a Mac, and a Windows computer, and it works fine with all of them.

  10. Kit Gerhart Says:

    5 My thought exactly. How could anyone afford to acquire Tesla, unless the stock value crashes, a lot.

  11. Kit Gerhart Says:

    I’ll believe it when I see it, re. Tesla letting others use their superchargers, at least on a significant basis. Even now, the chargers are the biggest advantage Tesla has over other EV makers, and more EVs are hitting the market all the time, some directly aimed at Tesla products.

  12. cwolf Says:

    Noone could afford Tesla, nor would anyone want to. At best, they would only want to partner.
    I’m sure all of you are aware of the competition as well as their rapid advancements.
    In two years, Tesla probably will still be on top in sales, but many others will not lag far behind. The others have the know how to build cars without the many quality issues that Tesla suffers, are heavily vested in battery technology advancement and I bet they together have a plan to deal with the recharging structure.
    I think the bottom line is, Tesla evaluations will become more realistically valued. Tesla stock will take a considerable hit. The question is when and by how much?
    Just remember, the entire market is soon due for a predicted adjustment of about 10% or more. Yet, it is notworthy that the market can withstand a 16% decline and still be in a bull market!
    This only proves that it is wise to put faith into a trusted finantial advisor….right?

  13. RickW Says:

    I haven’t been on this forum in a while and I stopped looking due to all the bickering and annoying posts by “you know who”.

    With that said, has he been banned or is he just on hiatus at the moment? Thought for sure there would have been some drivel from him by now based on a few of the posts made today. :)

  14. cwolf Says:

    Kit, if you do t mind me asking, why did you buy your Florida condo where you did? I understand the comfort and peace of mind you have knowing it always awaits with little fuss, but did you ever get the itch to rent a different place in the US or elsewhere for a month or so every year?
    Just curious. Not sure if I could do it if not on the water and near golf courses and town.

  15. Bobby T Says:

    13, I’m not sure any of us knows, other than John and Sean, and they’ve been tight lipped. Certainly refreshing though. Maybe that’s our Christmas present from them.

  16. RickW Says:

    bobby T,
    Thanks for the response.
    Couldn’t agree more about being a potential XMas and New Year present.
    Rick

  17. Kit Gerhart Says:

    15 You beat me to that answer, but you are right on.

    14 I like the warmer winter weather, and like being near the beach, though I haven’t actually gone to the beach much lately. My place is about 1/2 mile from the beach. I have a view of water to the west, the Banana River, one of two intracoastals between here and the mainland. I probably would have gotten a place on the beach if it had been in my price range, but in retrospect, I’m glad I didn’t, with higher risk from storm damage, especially storm surge.

    As far as getting a condo rather than a house, as long as I’m spending summers up north, I like being able to just lock the door and leave with the condo. I ended up in this particular area partly because I’d been here on vacation and was familiar with it. Also, with the space center to the north, and another big air force base to the south, there is less development in both directions than many similar areas, so less traffic. The condo is more “in town” than any place I’ve ever lived. There are restaurants and a grocery store within easy walking distance. I don’t walk anywhere from my place up north. It is only about 1/2 mile outside the city limit, but there are no sidewalks, and the road basically drops off in both directions, with no shoulder, not at all friendly for walking.

    Having the condo in FL and the old house in IN, much different from each other, I never have any desire to rent a place somewhere else for a month or two.

  18. Kit Gerhart Says:

    14,17 continued. If I had only wanted to be away from Indiana a month or two a year, I might have wanted to rent different places around the US, and around the world, but wanting a warmer place for ~7 months of the year, the condo seemed the thing for me.

  19. Lambo2015 Says:

    13 Rick glad you’ve returned. Hopefully more folks will also return to share there thoughts and opinions here now that its a more friendly, respectful forum.

    8 You could be right as more and more trucks and SUVs in that 80K+ keep coming out. The Raptor, TRX and Ford super snake sport don’t seem to have a shortage of buyers. So even though I cant justify the cost, somebody can. I just don’t run in those circles I guess.

  20. cwolf Says:

    Kit, I thought of buying a second home but felt obligated to stay at each. I believe it would hinder me from exploring new places I always wanted to visit. I have a time share in Vegas. I use it as a hub to hit the many sights out west.
    But I typically use my time share to visit other states and countries for several weeks twice/year.

  21. Kit Gerhart Says:

    20 Yeah, time shares can be a good thing for visiting multiple places, for a week, or a few weeks.

  22. Ukendoit Says:

    I have been watching and reading every day, but I haven’t been posting as much when all the bickering was going on. It’s a shame, because he actually had some intelligent things to say when he wasn’t name calling or repeating the same things (which became more & more often).
    As far as the second home, my wife had been wanting a place at the beach a few years ago. We were looking for a place in FL, but we decided to get a travel trailer instead. This way we don’t feel obligated to go to the same beach every vacation and can go wherever we want. In reality though, we usually end up either in the local north GA mountains or at the beach in FL.

  23. Stephen Says:

    Don’t know much about FL real estate but I would be hesitant to buy anything near the water as sea levels rise and start flooding the coastline. FL is not going to be able to afford to just build a wall and if saltwater keeps seeping into groundwater resevoirs, then only expensive desalination and higher water taxes will bridge the gap. Don’t expect the Fed to write a blank cheque.
    As to the supercharger network, if other car makers are using them, why no snaps of them charging at them. I presume its just car makers test cars and tesla gets a heads up on their power draw tech.
    I can only laugh at the Applecar, it has zero market understanding, it hates partnerships, it rarely buys out established tech leaders even if it has cash to burn. No car maker is going to let Apple be their OS and I have yet to see any leaks that show its a leader in autonomous driving. Even battery tech is outsourced like Tesla did up to now. It generates most of its cash from retaining a large marketshare of the premium smartphone market in wealthy countries. It would be akin to Boeing going making wind turbines and even thats more plausible. An applecar rumor is likely a play to cut tesla shareprice for those who bet on the stock falling or at least not being at the current shareprice