Me too. I hope I don't regret sitting out on it. That's a huge difference in valuation.
I did grab some, but much smaller position than I originally wanted. Budgeted for $25/share.........Yea, right
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Me too. I hope I don't regret sitting out on it. That's a huge difference in valuation.
Over 20mm shares traded now at 11:12 am - hockeythug's Vanguard dingdong should be told it's a NYSE listing, you're NOT buying it in Israel.
Over the decades, I've enriched a lot more fine folks at Goldman than they have to me. So why should it be any different today? :redface:
Well said. The big guys play by entirely different rules.
If SpaceX ever goes public I'm utterly confident that Goldman Sachs will be the main underwriters. They seem to have a close relation with TSLA and Elon.
So, how does one really go about forming a client relation with GS??? Can I open a trading account with them and transfer my stock holdings and options there??? All this of course to be in a position to be allocated shares from future hot IPOs.
any wild guesses where MBLY could be in 5-10 years?
Its hard to find any information regarding their future products.
Are they on the same path as Google?
Or will the only develop technology that is requested from the Manufacturers.
Level 1- Level 3 self driving cars
Level 4 would be the plague for the Manufacturers, that's why I Google as the leader, since the don't care to crush the Manufacturers.
Level 4 Means there is no necessity for a steering wheel, and many models wont have a steering will or gas pedals at all
My prediction is: from the day the first Level 4 car is in final production, 10-15 years from that moment on the first countries will start to ban the manual driven cars.
any wild guesses where MBLY could be in 5-10 years?
Its hard to find any information regarding their future products.
Radar based system that is VERY expensive ( I have heard maybe $70,000 per car) at this point.
I remember from RoadShow/prospectus that they introduce next gen chip in the beginning of 2015, and starting to develop the gen after the next one, targeting 2018. With each chip providing multiple computational performance increase comparing to previous gen.
But I'm personally sceptical about long term MBLY viability.
I think this car is using radar in addition to MobilEye controlled camera.
On a side note, how cool would it be if TSLA acquired MBLY. Is this a crazy idea?
Tesla would probably need to pay at least $10b to acquire MBLY. Way too rich for me if I was Tesla.
It remains to be seen where MBLY will find a base. If the stock price stabilizes at $25 or less that would be a $5B valuation. Tesla could pay with TSLA stock which has massive upside potential for MBLY shareholders. Its not so crazy... and to me it seems like a great fit for Tesla to be the leader in the automotive tech space.
It remains to be seen where MBLY will find a base. If the stock price stabilizes at $25 or less that would be a $5B valuation. Tesla could pay with TSLA stock which has massive upside potential for MBLY shareholders. Its not so crazy... and to me it seems like a great fit for Tesla to be the leader in the automotive tech space.
That said, I've only very briefly skimmed the MBLY prospectus so if anyone has insights into the competitive advantages and a compelling case for long term prospects, I'd love to hear it.
Valuation is one problem, and even if MBLY went to $5 billion market cap Tesla would still need to pay a premium to acquire it (ie., $7.5 billion or so).
Also, if Tesla acquires MBLY I think it would scare away a lot of the clients of Mobileye (ie., other car manufacturers) since a competitor (Tesla) would now fully own the technology for their future autonomous control systems. In other words, if Tesla acquired Mobileye then car companies would likely migrate away from Mobileye to the solutions offered by Mobileye's competitors, and that would destroy a lot of the value that Mobileye's market cap holds in addressing the entire auto market.
IMO, Tesla's doing the right thing by utilizing some of Mobileye's tech (ie., hardware, etc) but developing their own internal autopilot software solution by hiring top engineers. With $1 billion in investment, Tesla can hire 500 autopilot/software engineers and pay them $400k each (inc. stock compensation, etc) for 5 years. I think that would be a much better use of money than paying $7.5-10b for MBLY.
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Mobileye is not just selling a SoC manufactured by another company. Mobileye has deep software expertise and is on the cutting edge of autopilot technology (they were leaders in adaptive cruise control and other safety features) in terms of both hardware and software. With autopilot, the real difficult part is the software and it will take many years (10-20?) to perfect it to a place where auto-pilot can be used safely in all situations - the software problem is really complex and challenging.
As autopilot features get integrated into more and more cars, Mobileye (if they can keep their market leadership) will have an increasingly larger addressable market with higher margins.
I hear what you are saying but how is Tesla owning Mobileye and selling it to other car companies any different than Tesla selling their drive trains to other car manufacturers? If anything it might help the case since Tesla is perceived as the Auto-Tech Top Dog (Tesla Inside as a bragging point).
Also, how do we know that Tesla's own auto-pilot is not based upon Mobileye camera, chip and proprietary software?
Valuation is one problem, and even if MBLY went to $5 billion market cap Tesla would still need to pay a premium to acquire it (ie., $7.5 billion or so).
Also, if Tesla acquires MBLY I think it would scare away a lot of the clients of Mobileye (ie., other car manufacturers) since a competitor (Tesla) would now fully own the technology for their future autonomous control systems. In other words, if Tesla acquired Mobileye then car companies would likely migrate away from Mobileye to the solutions offered by Mobileye's competitors, and that would destroy a lot of the value that Mobileye's market cap holds in addressing the entire auto market.
IMO, Tesla's doing the right thing by utilizing some of Mobileye's tech (ie., hardware, etc) but developing their own internal autopilot software solution by hiring top engineers. With $1 billion in investment, Tesla can hire 500 autopilot/software engineers and pay them $400k each (inc. stock compensation, etc) for 5 years. I think that would be a much better use of money than paying $7.5-10b for MBLY.
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Mobileye is not just selling a SoC manufactured by another company. Mobileye has deep software expertise and is on the cutting edge of autopilot technology (they were leaders in adaptive cruise control and other safety features) in terms of both hardware and software. With autopilot, the real difficult part is the software and it will take many years (10-20?) to perfect it to a place where auto-pilot can be used safely in all situations - the software problem is really complex and challenging.
As autopilot features get integrated into more and more cars, Mobileye (if they can keep their market leadership) will have an increasingly larger addressable market with higher margins.
If you're interested in learning about Mobileye and have a few minutes, read pages 75-95 in this prospectus:
http://mobileye.dc2.q4cdn.com/51910a4d-581a-4957-801e-15e2434ab028.pdf?noexit=true
Also, note that Tesla Motors is listed as one of their customers.