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Thursday, November 18, 2021

Notes From All Over -- AAPL Surging -- Locked And Loaded To Get This Done -- November 19, 2021

AAPL: surging. Coming close to all-time highs again. Breaking: AAPL is accelerating work on autonomous car. Later: hit an all-time high, again, on a down day for the Dow, although this should push the Dow into the green. 

How will AAPL do it? Foxconn. On November 10, 2021, Foxconn and Lordstown Motors entered into a strategic partnership. Link to press release here. Wasn't "November 10, 2021" just one week ago?

  • Lordstown, Ohio: factory already there, and it's not in California
  • Lordstown Motors Corp: a provider of electric light-duty trucks focused on the commercial fleet market
  • Hon Hai Technology Group (Foxconn): one of the largest electronics manufacturers in the world
  • press release explains how this is all going to be done
  • Lordstown Motors: wiki. Workforce? Locked and loaded to get this done.

When I hear Foxconn, I can't not see Apple.  

From wiki, on Lordstown Motors: this second paragraph:

General Motors has invested $75 million in Lordstown Motors. 
GM obtained a seat on Lordstown Motors' board of directors, and has included Lordstown Motors into its Tier 1 supply chain. With the deal, Lordstown Motors is looking to compete against Tesla, Rivian, and Nikola's electric vehicle lineup.

GlobalFoundries: wiki here

  • it was announced today that Ford has signed a strategic agreement with GlobalFoundries

The scorecard:

  • Rivian -- Amazon -- Ford -- GlobalFoundries
  • Lordstown -- Apple -- GM -- silicon M1 chip (GM currently depends on seven chip manufacturers)
  • Tesla -- chips (?)

Comment: this all reminds me of two other great battles from the past:

  • DVD vs Blu-Ray (also followed on the blog, a long, long time ago)
  • cellphone chips (also followed on the blog, a long, long time ago)

Comment: the EV scorecard above also incorporates another battle:

  • the chip

There's an obvious first question but I will leave this for another time. It's time to digest all that's been posted. 

Final trades, Halftime Report: Unitedhealth, Fedex, Amazon, Nutrien LTD (NTR).

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