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My only concern is that this feels a lot like the build up to a fund raise. Good presentation though.

TLS: Yeah I made the same mistake initially before I realised there were more. I’d assume any for sale now are pre-orders for the upcoming model. Presumably they relate to build slots that the dealer has been issued by Ford for those vehicles. Next month should be good!

TLS: Did you scroll down the page it just look at the top one? Looked like there were new 2021 models after the top one.

Well it wasn’t an unhappy dream!

Two nights ago I dreamt that Alphabet bought us for $5 billion (around £4 billion). I think that’s around £1.10-1.20 a share. You heard it here first! Lol

fonzoo: Polestar already use the Google Car OS in the Polestar 2, so I would assume that will be a common system across all Polestar vehicles going forward.

Brockwl: good advice. I have another share which I regularly saw rises and falls of £30-40k per day and you do have to be able to just filter it out. It’s about finding companies you believe in and filtering the noise. You have to stay on top of it and avoid falling in love with any one share. You need to set an exit strategy (or at least a point where you will reduce your holding) and stick with it. It’s easier said than done, but it’s important to remove emotion from your strategy and just go with numbers. That volatile share I mentioned ended up being a 13 bagger for me in 5 years, and a chunk of them (not all) were sold to increase my SEE holding a few weeks ago as I feel that SEE’s day is coming. I still have about 60% of the shares in the other company, so my SEE shares are basically free but I’ve become used to seeing large swings like that and can deal with it reasonably emotionlessly. Not always easy, but it’s important to remember that losses (and profits for that matter) don’t exist until you sell. I’m lucky that all my SEE shares are in ISAs so fingers crossed I’ve called it right! As always, GLA!

I’m with Seeing2020 on this. Tesla’s market cap assumes a 50% market share of the global car business! They would need approximately another 40 factories to achieve that. And at no point in history has one car company had a 50% market share (except maybe Mercedes when they came out with the first car)! It’s not to say Tesla won’t become a profitable business (they’re still not if you take out the regulatory credits from FCA which will now dry up). They have the potential to become a very successful company. But I can’t see them ever justifying the current market cap. And even if they get to a point where the do justify the current market cap, that would only mean they become worth what you pay for them now. So they would have to grow into the biggest car company in the history of car companies for me to break even.

Nice article. I’m now wondering if Alphabet could be a potential suitor for a buyout in the future. Either way, this could be huge. Nice find both of you!

terrym Maybe that’s the answer! ;)

You say that, but there was that picture on LinkedIn of SEE technicians working on a Tesla with SEE branding on it. Who knows what is going on behind the scenes?

But, that said, you’re likely correct. Probably Elon in fairness!

My understanding is that the OTA update is a software update to enable the Copilot 2 system as the software is not yet ready for release.

Redditchrocket: If you look at the context of the video, around that statement he was talking about the fact that manufacturers don’t want to make different version of cars, so they will often include things which are only available in higher end vehicles and disable it (either physically or via software) in others. However, as the video says Ford are only putting the prep kit in mid and high end vehicles, we may only get paid for those ones. Depends on what is missing in cars without a prep kit. They could still have the chip and just no cameras, in which case I’d guess we still get paid. Or they may be missing everything.

TLS Yes, that was definitely what he said, so I hope it’s correct. Assuming it’s correct (and I know his channel - he is very well connected within the motor industry), then we’re probably in around 50-60% of manufactured Mach E vehicles, so around 25-30,000 cars a year initially. Just rough guess based on early statements about planned production numbers and reservations for various versions, but could have changed lately.

Interesting video on the Ford Mach E Copilot System. Doesn’t mention SEE by name but an interesting overview regardless.

https://youtu.be/_V2-v0xH0Fs

Isb don't forget the dilution caused by fund raises in the past. 5p today is equivalent to a double figure price at the time of the Cat announcement.

I saw a video recently. I’m sure it was Audi. They were investigating how to integrate VR headsets with the cars movements to avoid motion sickness. It was all relating to improving the passenger experience and also thinking ahead to autonomous vehicles.

My best performing share is a 72 bagger in 8 years. Would be lovely if SEE could get anywhere close to that, but seems unlikely! I’d settle for a measly 10 bagger!

Also entirely possible!

Completely agree that it’s confusing! I honestly still read it as talking about a means of determining that the driver wants to take it out of automatic mode and a means of distinguishing intent to take control from accidental touching of the wheel. However, because of the way it’s written it is open to interpretation, so your version might be the right one! I still feel they’re not talking about that as the DMS, but you might be right.