Elon Musk wants SpaceX to reach Mars so humanity is not a ‘single-planet species’
Elon Musk remains focused on his vision for SpaceX: Establishing a permanent human presence on Mars.“We don’t want to be one of those single-planet species; we want to be a multi-planet species,” Musk said on Friday.While the company is flying astronauts with its Falcon 9 rockets and Crew Dragon capsules, SpaceX is working to develop Starship: An enormous stainless steel rocket, designed to be fully reusable and carry people to the moon and Mars.SpaceX founder and CEO Elon Musk remains focused o
Tesla not only has to contend with pure-play EV-makers. It will also face new entrants such as Apple and Chinese smartphone makers Huawei and Xiaomi.More traditional automakers will also be producing electric vehicles. Even if the demand side is plausible, it would mean Tesla needs to build many more factories.However, if analysts are right that Tesla's true potential lies in a future rollout of an autonomous ride-hailing fleet, its share price has much room to head north based on the consensus
Valuation is middling but not overvalued like in the past.Recent announcement of capacity expansion in Wuhan lends better operational and sales visibility.Company could breakeven and finally reach positive profits soon; major improvements seen in operating margins.Feared chip shortage was not a disaster, deliveries are still strong.Government support, China's creation of an EV ecosystem.XPEV's strong deliveries describe not only excellent support from the private sector, but also the Chinese go
Apple Stock Is Going Down, One Analyst Says. Here’s Why
Recently, I laid out the arguments supporting Wall Street’s most bullish of theses on Apple stock. Some of the highlights included the doubling of services and wearables revenues in five years, the 5G super cycle, the greenfield Apple Car opportunity, and an acceleration in share repurchases.Now, I look at the flip side of the coin. How would one support the most bearish argument on Apple shares?At least one analyst has compiled a laundry list of items that makes him fear for a 35% drop in the s
Tesla cars banned by Chinese military over camera concern
Tesla has been banned from Chinese military complexes and housing compounds on fear of sensitive data being collected bycameras built into the vehicles -Bloomberg.Tesla car owners are ordered to park their car outside of military property.Most of the Tesla models have an interior camera mounted above the rear view mirror.Earlier today, Geely announces launching new electric vehicle tocompete with Tesla.