Should be fairly easy to find out for sure instead of speculate or rumor.
WARN act should be a public record.
WARN act should be a public record.
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Apple Confirms 190 Layoffs From Self-Driving Car Project
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Maybe they can figure out an XL band for the 40mm. The watch is sized well to be unisex, but the bands not so much.
Dearest Tim Cook:
Please resign.
Signed,
MacPro
-----
With this news, Tim Cook still has an amazing pipeline of earth changing gadgets like the HomePod and Apple Watch.
Last weekend I barely put my Apple Watch on... guess what I was missing the entire time? Nothing. Perhaps the clunk it makes when I accidentally swing it into a door jam. Yes - that.
Please resign.
Signed,
MacPro
-----
With this news, Tim Cook still has an amazing pipeline of earth changing gadgets like the HomePod and Apple Watch.
Last weekend I barely put my Apple Watch on... guess what I was missing the entire time? Nothing. Perhaps the clunk it makes when I accidentally swing it into a door jam. Yes - that.
Apple will not be making a car, it's very complicated and should be left to companies with relative expertise. Like was said previously, Apple got IP to protect share in quickly expanding automotive software market. AI is the next frontier and autonomous cars are just one of the early battles. Given Siri issues, Apple still has catching up to do.
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I'm actually curious if Field left Apple for Tesla with the agreement he would return to Apple to lead their car project. It's amazingly suspicious to me.
I take it that you don't own an Apple Watch. They may not have been first to market, but they do have the best watch experience and fitness companion on the market. It's truly transformative.
The magic of Apple continues to be how gracefully the devices work together, and that's never been truer.
I wonder if they finally realized the writing is on the wall for this one.
I'm not apposed to Apple trying to use their wealth to advance the tech of self driving cars or even enterin the car business
However, it's a massive uphill battle for them to enter a very thoroughly entrenched. Extremely expensive startup cost an highly competitive low margin industry that has never played nice to newcomers. Just look at the opposition Tesla has received by the existing players. Liklihood that Apple was working on a car itself are fairly low.
so, are they working on the software stack for other self driving cars? Who would buy and implenent it? first, Apple doesn't currently have an OS that is capable of real time processing that automotive requires. This is why most current car systems are built on the QNX platform and not your run of the mill linux.
Plus you'd have to convince manufacturers who already have self driving tech that appear to have been much further along (many have stage 1-2 self driving in production purchasable cars, stage 3 self driving is now entering real world testing as well). These car companies are going to opt to keep this sort of development in house and specific to their own cars. Unless Apple was tryin gto do something super amazing, few companies are going to willingly license Apple's car OS if that's what it was.
it just seems like this car project was a "if Tesla can do it why can't we!" mindset that just after years and probably millions of dollars hasn't been able to grow fruit.
oh well. we'll see what comes along next.
I'm not apposed to Apple trying to use their wealth to advance the tech of self driving cars or even enterin the car business
However, it's a massive uphill battle for them to enter a very thoroughly entrenched. Extremely expensive startup cost an highly competitive low margin industry that has never played nice to newcomers. Just look at the opposition Tesla has received by the existing players. Liklihood that Apple was working on a car itself are fairly low.
so, are they working on the software stack for other self driving cars? Who would buy and implenent it? first, Apple doesn't currently have an OS that is capable of real time processing that automotive requires. This is why most current car systems are built on the QNX platform and not your run of the mill linux.
Plus you'd have to convince manufacturers who already have self driving tech that appear to have been much further along (many have stage 1-2 self driving in production purchasable cars, stage 3 self driving is now entering real world testing as well). These car companies are going to opt to keep this sort of development in house and specific to their own cars. Unless Apple was tryin gto do something super amazing, few companies are going to willingly license Apple's car OS if that's what it was.
it just seems like this car project was a "if Tesla can do it why can't we!" mindset that just after years and probably millions of dollars hasn't been able to grow fruit.
oh well. we'll see what comes along next.
Holy ****, more EPMs than any other useful role. Make no mistake, this was either the worst managed project ever, or they just airlocked a bunch of dead weight. Those ratios aren’t remotely close to actual team composition.
Compensation is not an R&D cost.
Compensation is not an R&D cost.
As an investor, I am slightly concerned Apple is considering or has already pulled the trigger on buying Tesla.
At minimum, perhaps some kind of joint venture.
Apple has unlimited cash and a lot of manufacturing oversight experience while Tesla needs cash and struggles with production/quality control.
At minimum, perhaps some kind of joint venture.
Apple has unlimited cash and a lot of manufacturing oversight experience while Tesla needs cash and struggles with production/quality control.
Tesla’s long term mission is to accelerate transition to electric cars. However Tesla today is so far ahead, in terms of production numbers, range and costs, that it is very hard to competitors to compete with Tesla without losing money. Apple can’t really enter a market half assed, the risk for Apple is that they release a car and once they start to manufacture it at scale it is worse than what Tesla is currently offering in terms of range, acceleration and price.
So maybe Apple will just give up the idea of making their own car.
What Apple could do instead is to integrate Tesla’s cars into the iOS ecosystem, provide A13x processors, iPad displays(heck just put an actual iPad into the car), modems and bring valueable knowhow in computer security, camera design and mass production. And to bankroll a more aggressive rollout of gigafactories.
The value of the ride sharing market is pretty huge:
https://research.ark-invest.com/self-driving-cars-white-paper
If Tesla&Apple manages to capture 50% of the market, that would be a $2T market cap in five years.
So how would they do it? Tim cook could offer to buy 50% of Musks 40M shares, and in addition buy another 20M newly minted shares for $420 each to a cost of $16.8B. They would then have a 25% share of TSLA. They would get a share of Tesla’s profits and also get a lot of hardware sales, iOS users etc. Tesla can make some Maxwell batteries for Apple’s product line and help Apple move more production to America.
To me this seems like a pretty good investment for Apple and there are a lot of synergies between the companies.
Another sign they’re becoming like any other big tech company. Eventually penny pinching will kill what made people pay a premium. Sad.
Tesla is not as far ahead as you think, in my opinion.
Tesla is a poor car manufacturer with an old Toyota facility and a limited market, for a car relying a lot on expiring subsidies. They struggle to make cars with consistent quality and fit and finish.
The company is burning cash and loses more as they produce more cars. I realize they have made a small profit the last 2 quarters, but they have vaporized billions overall and still lost over $1B in 2018.
Once competition cares enough about EVs to make them, you’ll see the lead evaporate quickly because there are highly competent competitors with much stronger brands and far better production ability. Watch a BMW being assembled.
BMW shipped over 100,000 cars with some electric component and something like 50,000 all electric vehicles. You think they are just going to die when the electric car gets big? And BMW is a stronger brand.
Electric vehicles are still a ways off and have many drawbacks to gas powered cars as of today, mainly cost, range, electric stations, needs for special home equipment, and ease of fill up.
How to turn off the phone? Did they get rid of the power button?
Any delivery figures for e-tron and taycan? How many i3s and i8s were delivered in 2018? So far they produce a magnitude less vehicles than Tesla. Future promises often turns into new promises rather than deliveries, the E-tron was introduced 2009 and has been promised so many times in between but it is first now we start to see small scale. And range and effiency is much worse for the E-tron than for the larger Model X:
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Tesla made like $3B i FCF in the last two quarters. This is not small by any means. The reason their profit is not higher is because they pay back loans and invest new production capability.
Once competitors... If competitors wanted they could. At some point companies like Jaguar, Volvo, BMW who are seeing their market cap and profits becoming much smaller than Tesla might want to actually do it. But why not do it already if they can?
EVs are rapidly getting close to having a lower TCO in many places around the world. That is why we are seeing figures for sales explode in China, Norway, Californa etc and we will soon see figures explode in many more places.
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