Featured Hyundai & Apple Team Up for New Electric Cars

First off, I wish them well but there are significant challenges. It isn't clear what engineering Apple brings to the party.

Bob Wilson

 

Its Bluetooth feature should be okay. That might be important if it breaks down

 

Tim Cook is probably kicking himself right now that he didn't buy part of tesla in 2018 (when musk and he talked).

Apple is really good at consumer design, human interfaces, and battery research. I think we should welcome them to the party. Kia is good at building the rest of the car. 2024 is plenty of time to get factories for battery production built, and for kia to get a vehicle in production (assuming most of the design work is done.

The challenge is that Tesla is already there which means they need to do it better or different, this is about expansion of the market. With all the money in battery production others may be ahead of apple here. Everyone is working on self driving, the more the better, hopefully we will get something safe in the next decade. I'm impressed with the computer upgrade my tesla now is perfect at identifying lights and stop signs, but I don't trust it driving on its own on most of my city streets (its really good on the highway, but snow Sunday blocked sensors and it told me to take over). Honda and GM are now working together. I see 2030 as the time for mass adoption of plug-ins.

 

Wonder how joining the likes of Mercedes or Apple onto Tesla, would affect Tesla stock.
.

 

2030? that's a great way to make unfulfilled promises. who'll remember?

 

"According to Reuters, Korea IT News reported that the companies were targeting a 2024 start of production for the vehicle, which will either be built at an existing factory in Georgia that currently manufactures vehicles for Hyundai-owned Kia, or at a new purpose-built facility in the U.S."
Hyundai stock soars on report it may build Apple car in US | Fox Business

 

Barron's had an article with opinions from analysts which talked about a 10 year timeframe for this really to make a big impact. Demo car should be out next year. They are expecting production capability of 100,000 in 2024. They thought the self driving would likely be in a $80,000 model mainly tested in taxi and similar fleets. I have seff driving cars going around my neighborhood with safety drivers.

This is apple which means 100,000 in 2024 compared to around 500,000 tesla's in 2020 is not going to really affect the company. They have a huge war chest of cash ($191B) and very talented engineers. Apples stock moved not at all on the news. 2024 is what apple hopes is like 2007 for the iphone. I got mine in 2008, and people asked why I spent so much on a phone. By 2012 people were asking why people didn't have an iphone. I'm hoping they are successful and we have robust self driving in 2030 but it may take much longer. Hyundai's stock shot up on the hope. They have a much smaller market cap, and bevs and self driving are important to their profitability.

 

Quality like the rod bearings recall and the SUV electrical park outside issue?