AMD passes Intel in market cap

>> they will pivot at least once more,

They most likely won't be a third time lucky. They had to pivot after their first 10nm delay but their monopoly in server CPU allowed them to keep pumping money despite manufacturing delays. Meanwhile, that gave AMD a chance to catch up which they not only did but outperformed them. One can claim that it's easy to say in hindsight, but that's the hallmark of great leadership which they haven't had since Grove's retirement.

Now Intel have lost that money making division so much so that all the fanfare of regaining manufacturing leadership has been defused with the announcement of reduction of 4bn in capex and still a focus on shareholder dividend. Intel will need some financial engineering and a split of manufacturing and design shouldn't be surprising. And this won't be some smart timely pivot, but a forced split.

Yes, he sold his seven or so mansions in California when he moved to Texas last year, and claimed to go possession free living in a $50k tiny house.

First off, one would have to assume he suddenly swore of luxury after seven mansions. Perhaps. He does say a lot of dumb stuff when he's stoned that he ends up trying to hide later on (e.g., submarine scandal).

Second, he doesn't seem to spend too much time in his tiny house:

https://www.msn.com/en-us/lifestyle/home-and-garden/elon-mus...

Third, where does he keep all those tuxedos he keeps showing up wearing at exclusive events for billionaires?

Fourth, he's got like 10 kids and multiple wives. And he keeps getting women pregnant. That's literally a luxury.

Maybe we have different definitions. Sure, he owns a cheap house this year that he seems to not live in, but cavorting with other billionaires and treating women like breeding stock and throwing cash at offspring so you don't have to bother raising them doesn't really strike me as living a lean life.

> First of, Tesla is buying massively from Panasonic, LG and CATL.

i.e. competing with everyone else for the same pie

> I can believe how little credit Tesla is getting for literally turning into a battery company over just a few years. Their batteries are gone give them a huge advantage in margin.

Probably because they aren't a very good battery company yet. they haven't even started mining or refining their own lithium, and they have yet to volume produce their own chemistry.

> Tesla makes that many in less then 6 month. And there is a large difference between signing a supply agreement and actually getting it. The lithium industry had scaling problems and pretty much all expert suggest a shortage is coming.

Tesla will have the exact same problem given they have no mining or refining operations. Even if their volume production goes well they will be fighting over the same lithium as everyone else.

> For Ford to get all those materials, it requires a huge number of supply expedition projects to go correctly and that is not at all guaranteed.

My understanding is that those supplies are pretty much entirely from 3rd party suppliers and don't include their in-house battery production which is slated to start later. But hey, maybe they lied to investors about the supply and if so they will pay the price.

> Not sure where you got this from, but its false.

Bloomberg Intelligence, and the actual claim is that they will outproduce them, not just have the supply to: https://www.bloomberg.com/company/press/volkswagen-to-overta...

> Andt Tesla has some of the most interesting research in that direction.

I will believe it when I see anything from battery day 2020 materialize.

Being nimble is preferred. In the long run you can vertically and horizontally intergrate every available business and infrasture. It will save cost assuming those businesses are relevant. In the short-run you burnt out before those business "expired" or fall out of trend. The trick here is to have the right integration at the moment and expand in the market direction that favors it. Is like friendster and myspace too early to boom. Is like every other zoom-like businesses too late. The west has too high labor cost and seriously shortage of engineers. Countries in Asia like China, Taiwan, and SK churned out engineers like the women studies undergraduate in the west. The business environment in Asia will simply edge out the west. Remember solyndra? Remember GE? Remember Kodak? Upcoming is Tesla. There are so many Asian side EV coming in now.

You might be surprised to learn that ‘Equity Market Cap’ is not the only variable in the full equation which states a company’s value!

When you discover the second variable, you might also discover that Tesla’s ‘Equity Market Cap’ makes a lot more sense vis a vis the other top auto manufacturers based on the scale of that other variable in the valuation equation for those other companies.