Hyundai IONIQ 5 will be Motional + Lyft's first robotaxi
The Hyundai IONIQ 5 was revealed in February 2021 with a consumer release date expected later this year
Motional will integrate its driverless technology into the all-electric SUV to create the company’s first robotaxi
The vehicles will be equipped with the hardware and software needed for Level 4 autonomous driving capabilities, including lidar, radar and cameras to provide the vehicle’s sensing system with 360 degrees of vision, and the ability to see up to 300 meters away
This level of driverless technology means a human will not be required to take over driving
The interior space will be similar to the consumer model, but additionally equipped with features needed for robotaxi operation, according to a Motional spokesperson
Motional did not reveal whether or not the vehicle would still have a steering wheel, and images of the robotaxi aren’t yet available
Motional’s IONIQ 5 robotaxis have already begun testing on public roads and closed courses, and they’ll be put through more months of testing and real-world experience before being deployed on Lyft’s platform
The company recently announced that it began testing its driverless tech on public roads in Las Vegas
The company says it’ll complete testing only once it is confident that the taxis are safer than a human driver
They expect that customers in certain markets will be able to book the fully electric fully autonomous taxi through the Lyft app at the start of 2023
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1. The War Years actually drove a strong stock market
** NOTE : U.S. GDP is shown here in nominal dollars that include inflation **
@elonmusk@CathieDWood@wintonARK@ARKInvest 2. And the relative "Peace" of the late 1950s and early 1960s actually lifted the stock market even higher to run above the GDP trend line
Once we have a clear understanding of our Valuation Methodology, it is useful to make a couple of important observations
1. We have never seen a case before like Tesla where the broad direction of the future can be predicted with such confidence
It is quite remarkable and it is a consequence of three things
- one is that it comes from a fundamental disruption of a very large and important industry sector and consumer sector, the sort of thing that happens only once in a lifetime or once in 100 years for that sector
- the second is that this company is being led by a remarkable set of human talents and appears to be accumulating and building even more talent internally
1. Let us start with the principle that a stock will ultimately be valued based on its earnings, regardless of how it is priced today
So Future Value = Future Net Income x Future P/E Multiple / Future Number of Shares
It is that simple
2. For a stock to deliver you a 15% return based on its fundamentals, it has to grow its earnings at 15% or more over the investment period
- once its earnings growth slows below 15% per year its discounted present value will naturally decline
3. Normally its Net Income growth must be driven by its Revenue growth
- so this means that you must look for stocks whose Revenues are growing more than +15% per year and which are expected to continue to do so for as many years as possible