Softbank's Son Predicts mass production of Driverless cars

 

January 29, 2021

STOCKHOLM (Reuters) – SoftBank Group Corp Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years.

While in the first year the production of units won’t be in millions, in the next several years the cost per mile in fully autonomous cars will become very cheap, Son said, speaking at a virtual meeting of the World Economic Forum.

“The AI is driving for you. The automobile will become a real supercomputer with four wheels.”

https://www.oann.com/softbanks-son-expects-mass-production-of-driverless-cars-in-two-years/

Trust your Research

 Go r/Mvis

How you're working against Big Wall Street.

CNBC Host tries to defend the hedge funds.

"There are people who are going to get hurt." (Their passionate concern for us is so touching. If they were REALLY worried about that, wouldn't they be all over funds that short 140% of the float of a stock?)

To simplify even further...

 Four Companies are all working on two things as "the next big things" Augmented Reality and Self driving vehicles.

Combined they are worth 6.921 Trillion
Together they have 340 billion in cash

If they have a bidding competition for key technology that will give them an edge against the others, how much would they be willing to pay? is 20 Billion too much?

But.... But what if Microvision gets so expensive that they won't pay it?

 Ha! -- interesting FUD, but ridiculous.

Recently I suggested 10 Billion for LiDAR and 10 Billion for Near Eye display. 20 Billion.

Let's look at the big tech companies: (Apple, Amazon, Google, Microsoft) They're ALL looking at self-driving cars. They're all looking at Augmented reality. They would all like to be leaders in one or both, and one company has the best specs in both. (MicroVision)

 

Apple Self Driving Car

Amazon Self Driving Car 

Google Self Driving Car 

Microsoft Self Driving Car

Apple Augmented Reality

Amazon Augmented Reality 

Google Augmented Reality 

Microsoft Augmented Reality 

 

All have market caps north of a Trillion dollars, and huge cash reserves (1.21.2021 - source, Yahoo Finance.)

Apple Market Cap: $2,270,000,000,000      -- Cash on hand: 91 Billion

Amazon Market Cap: $1,663,000,000,000    -- Cash on hand: 68 Billion

Google Market Cap: $1,300,000,000,000      -- Cash on Hand: 132 Billion

Microsoft Market Cap: $1,686,000,000,000  -- Cash on Hand: 138 Billion

They could pay way more than my "crazy" price target with jingle money and hardly notice.....

Keeping it REALLY Simple.

 Benchmark --- LAZR  -- Upstart LiDAR company.

Approximate Valuation: 10 Billion. (MicroVision's LiDAR is better)

At the same value: 10 Billion / 152 Million = $66

I consider the near eye display to be worth MORE than the LiDAR -- it certainly I think will be at least as widely used. Now that we have a value for LiDAR, I'm significantly adjusting my guess on NED -- I'm keeping my guess simple.

Market Fear Of Missing Out (FOMO) is likely more important than fundamentals... And the fundamentals here are REALLY good.

Give it a comparable valuation:

$66 + $66 = $132


Review previous Value Posts

Value LiDAR

The Beats Exercise 

Near Eye Display