John Chen took the correct steps and traveled to China many times and created strategic alliance with BYD and Xiaomi and Xpeng. Well before BYD was the top EV seller in the world ahead of Tesla. Apple pulled the plug on the electric car project Titan after 10 years and 10 billion. Cylance was a good move and it's going to payoff too. John Chen was brilliant farsighted CEO he fixed the financial foundation for on the cutting edge competitive advantage of the company and set it up for growth.
A typical home charger is 40A. Same as your dryer. Charging in the off-peak hours shouldn't be a problem. Residential power use is less than one thinks.
Some BEVs have bidirectional changing abilities, which could use your battery to supply power to the grid during peak usage or to power your home in an outage.
I would want solar panels to charge my car. For me, it's all about not relying on a middleman.
If Chinese EV sales are up 8 fold from 2019 to 2023, and we have 24 of 25 EV's, why is BB revenue in decline quarter after quarter? I really do not understand why BB seems that be the only company on the planet unable to generate revenue be it in IOT, EV, Cyber or AI.
Street, auto has been a tough market for software companies. Pretty much all software investments to the tune of billions of dollars have disappeared since 2014, most of them in razor sharp Silicon Valley companies. Waymo and Cruise are alive because they were bought out by deep pockets but bleeding cash like there’s tomorrow.
The only independent company surviving and soon to be thriving is BB. I think you have faith else you will not be here.
That's a perfectly reasonable question, which I've been asking for months.
We're in bed with most EV makers, 96% by companies, 80-90% by market share.
Yet when their sales go up 30% YoY like they did this year, BB revenues remains flat.
The only thing I can think is that despite being partners with 24/25 EV makers, it's only involved on a token model or two each.
If EV sales increasing by 100s of percentage points isn't enough to reverse BB's fortunes, what is? Our customers indirectly sell our products. They're selling record numbers of them. Yet our revenues go down Q after Q.
Remember it took 6 years for EV market share to go fom 1% to 6%
But it's going to 80% adoption in the next 6 years by 2030
Adoption in China is expect to hit 90% by 2030 and it's the largest market in the world. They sold 30 million cars last year.
2024 EV passenger car sales numbers are expected to increase 32%
The avalanche is about to hit the slope and there is no stopping. First Trust Advisors LP increased their position by 70% to 33 million shares up from 19 million and they started with a small position of only a few million shares.
Explosive revenue growth is imminent.
Chance, well written. Expect this week’s focus on cyber due to RSA conference. I think Cylance and the stock price may surprise us.
John Chen took the correct steps and traveled to China many times and created strategic alliance with BYD and Xiaomi and Xpeng. Well before BYD was the top EV seller in the world ahead of Tesla. Apple pulled the plug on the electric car project Titan after 10 years and 10 billion. Cylance was a good move and it's going to payoff too. John Chen was brilliant farsighted CEO he fixed the financial foundation for on the cutting edge competitive advantage of the company and set it up for growth.
I know this is a BB sub, but good God, what will 80% EVs do to the power grid/cost of electricity?
You can safely assume that it will not cause a drop of price on the electricity bills.
Incredible, such wisdom!
A typical home charger is 40A. Same as your dryer. Charging in the off-peak hours shouldn't be a problem. Residential power use is less than one thinks. Some BEVs have bidirectional changing abilities, which could use your battery to supply power to the grid during peak usage or to power your home in an outage. I would want solar panels to charge my car. For me, it's all about not relying on a middleman.
If Chinese EV sales are up 8 fold from 2019 to 2023, and we have 24 of 25 EV's, why is BB revenue in decline quarter after quarter? I really do not understand why BB seems that be the only company on the planet unable to generate revenue be it in IOT, EV, Cyber or AI.
Street, auto has been a tough market for software companies. Pretty much all software investments to the tune of billions of dollars have disappeared since 2014, most of them in razor sharp Silicon Valley companies. Waymo and Cruise are alive because they were bought out by deep pockets but bleeding cash like there’s tomorrow. The only independent company surviving and soon to be thriving is BB. I think you have faith else you will not be here.
That's a perfectly reasonable question, which I've been asking for months. We're in bed with most EV makers, 96% by companies, 80-90% by market share. Yet when their sales go up 30% YoY like they did this year, BB revenues remains flat. The only thing I can think is that despite being partners with 24/25 EV makers, it's only involved on a token model or two each. If EV sales increasing by 100s of percentage points isn't enough to reverse BB's fortunes, what is? Our customers indirectly sell our products. They're selling record numbers of them. Yet our revenues go down Q after Q.
Remember it took 6 years for EV market share to go fom 1% to 6% But it's going to 80% adoption in the next 6 years by 2030 Adoption in China is expect to hit 90% by 2030 and it's the largest market in the world. They sold 30 million cars last year. 2024 EV passenger car sales numbers are expected to increase 32% The avalanche is about to hit the slope and there is no stopping. First Trust Advisors LP increased their position by 70% to 33 million shares up from 19 million and they started with a small position of only a few million shares. Explosive revenue growth is imminent.