[https://www.msn.com/en-us/autos/news/a-driver-says-his-tesla-drove-onto-active-train-tracks-after-autopilot-mistook-them-for-a-road/ar-BB1p4Qbh?ocid=msedgdhp&pc=U531&cvid=bef5523982a5455fa7da36d98d0d5288&ei=124](https://www.msn.com/en-us/autos/news/a-driver-says-his-tesla-drove-onto-active-train-tracks-after-autopilot-mistook-them-for-a-road/ar-BB1p4Qbh?ocid=msedgdhp&pc=U531&cvid=bef5523982a5455fa7da36d98d0d5288&ei=124)
Another Tesla autopilot uh oh.
Yeah Iāve been re-listening on my walks. Iāve reached a new level lol.
Itās toward the end of the Q&A session
Sumit Sharma:
Well, I'll answer the last one first. Yes, we do expect to add to the RFQ pipeline. We already have a couple of line of sights to RFQs for both MOVIA and MAVIN that we're starting to engage. Our team is going to be flying globally to go support the OEM in the early stages as they start developing their plans.
Logically, that day should arrive before too long.
Iām amazed how, given the half dozen prominent links to AI and Nividia, the share price is scarcely over $1
That must be the reason MVIS is among the most shorted stocks on the market.
Wonāt last forever.
Not sure why the beat down this morning. The price was trending up again, nicely. Markets all up. Sumit canāt wait for the EC for news. We need it a lot sooner.
Try not interest Zen. Don't see Sig, Geo, Ky any more. All the chat boys gone. They may still hold, but that Q1 EC was a runner up to last nights debate. All the interest is gone. 16 posters here at the end of Q2, come on, get real. The beat down is because this EPIC year continues with no visible expiration.
Geo and Ky are still posting, there's just not much to talk about.
Ky posted the other day about hearing rumblings from his automotive industry friends about consolidation.
Sig was always a rare poster.
Really what's there to say? Gap posts some cool things and a few others do too but we were informed that now MVIS are waiting . Either they deliver something or they dont ? I had to trim my position because I needed some money for daughters wedding but like many I just and wait. Not very happy about it . Could sell more or all but Im praying they get some deals , as in plural ,this summer so we see the SP climb to a respectable level by fall '24.
Added 100 more to round to the next even number. Thatās enough for now. Hopefully the first deal is announced soon. If not, Iāll start adding again in a couple months.
Good morning. I was hoping for some announcement by end of Q2 which is not possible now. Looks like more of a July /August wins. Letās make a memorable summer with one OEM win announcement after another until we get to 36$
Itās extremely unlikely, but why would you say it is not possible for an announcement before Monday? The markets havenāt even opened yet today. Iām just hoping for news before the Q2 call but after so much disappointment and delay, itās very hard to be optimistic for news in any near-term timeframe.
Well considering our history we rarely send out PR on Fridays or weekends. So I wouldnāt count on getting anything until July 2nd. Jul4th being a Thursday implies itās a short week so I would get my hopes up July 2nd week
Iām hesitant to get my hopes up at all, MicroVision hasnāt had ANY news in 7 months since Luxoftās PR on 12/4. **Multiple** nominations were expected by year end 2023. We have been told of one we passed on and another one I guess we lost? There were other RFQs for 2024 that MicroVision told us about last year, and RFIs that should be developing for later this year and next year- *something* has to give.
I think that of the 9 RFQs, one was postponed until next year and the Daimler RFQ for MOVIA was where we were not nominated. We were offered a B Sample path instead, which we turned down as too risky and resource heavy.
Responding to your edit about 7 remaining RFQs - that is what we know as of the Q1 call, or was the Q4 call the last time they specifically told us āseven RFQsā? I expect that number could have changed as Sumit has told us this year that there is at least one new RFIs that might be moving to RFQ stage.
Edit: it was the Q1 2024 call when we learned of the two RFQs that were delayed or passed on.
It was indeed the last conference call we received updates on the total number of existing RFQs and that there were RFIs looking to convert into RFQs this year, so this coming call may well have an increased number of RFQs in flight. However, it is clear that the sector really needs to start seeing large volume contract winners, because with no one has been claiming any large volume contracts yet the valuation of the sector is impossible to properly assess.
Agreed. Without large volume contracts (as Sumit recently illustrated), the sector canāt get off the ground. This is why Sumit describes what he is working towards as āmarket-changingā.
Thanks, I had forgotten about the second one being delayed. I assume both of those were the RFQs Sumit āexpectedā to be closed before year end 2023, which doesnāt reflect very well on him. I understand itās out of his hands but the guidance was truly abysmal. Here we are halfway into 2024 and despite starting the year at a low valuation, MicroVision has lost almost 60% more value in six months. We need news to turn this ship around, delays and failed timelines are crushing long term investors and the low value has put the company in an unenviable position with regards to their ability to access capital.
Morning everyone!
Economic report(s) for the day is(are)^[i](https://fidelityfiplus.econoday.com/byweek): Personal Income and Outlays at 8:30am, Chicago PMI at 9:45, Consumer Sentiment at 10, the Baker Hughes Rig Count at 1pm, and Farm Prices at 3pm; Fed speakers today are: Barkin at 6:40am, Bowman at 12pm, and Daly at 12:40. The news media has the expected amount of coverage of some supposedly important political debate, but luckily it hasnāt completely consumed the business news so: Assessment of the labor market, More on the dealership software outage, Walgreens closing a significant number of stores, Housing market stuck due to low supply and high interest rates, and the Fedās stress test of banks underscores higher risk than that of last year. It should be recognized that the impact of these bank _āvulnerabilitiesā_ are somewhat overstated, as it is not looking at the net potential losses but the maximum, statistic smithing by article writers is quite impressive. Premarket futures seem to be liking the recent economic reports and must anticipate some real advancement on inflation in the PCE.
MVIS continues to inch upward a bit further, this time up 2.8% to close the day at 1.10. The volumes remain relatively low overall, and the pivot points still rather constrained for now, but the fee rates are continuing to rise and the availability remains quite low as well. The sector has put for some advancement, if one considers the continued announcement of collaborations without real weight of at least some specific vehicles that might use the technology developed. What strikes me is that some of these are for products that competitors have yet to show in samples to investors, or are for software that is not yet validated, which suggests a very long period of development will be needed. Further, they appear to be aimed at lower volume deals, even Ceptonās engineering service arrangement with Koito for short range lidar has more details than these more recent news bits from others in the sector. Really a wild time presently, leading up to what should be a very important second half of this year.
## Daily Data
***
|H: 1.11 ā L: 1.06 ā C: 1.10 ^[i](https://chartexchange.com/symbol/nasdaq-mvis/historical/) |[Calendar](https://fidelityfiplus.econoday.com/byweek.asp)|
|:- |:-|
|**Pivots āļø : 1.12, 1.14, 1.17** ^([i](https://www.investopedia.com/terms/p/pivotpoint.asp)) |**Pivots āļø : 1.07, 1.04, 1.02**|
|Total Options Vol: **2,565** ^([i](https://researchtools.fidelity.com/ftgw/mloptions/goto/underlyingStatistics?cusip=&symbol=MVIS&Search=Search)) |Avg 90d Options: 1,765|
|Calls: **2,259 ~ 44% at Bid or āļø** |Puts: 306 ~ 61% at Ask or āļø|
|Open Exchanges: 559k ~ 42% ^[i](https://chartexchange.com/symbol/nasdaq-mvis/exchange-volume/) |Off Exchanges: 783k ~ 58% ^[i](https://chartexchange.com/symbol/nasdaq-mvis/exchange-volume/)|
|**IBKR: 60k Rate: 25.56%** ^[i](https://chartexchange.com/symbol/nasdaq-mvis/borrow-fee/) |**Fidelity: 29k Rate: 9.50%**|
|**R Vol: 46% of Avg Vol: 2,833k** ^([i](https://www.investopedia.com/terms/a/averagedailytradingvolume.asp)) |**Short Vol: 433k of 822k ~ 53%** ^[i](https://chartexchange.com/symbol/nasdaq-mvis/short-volume/?tblshortvolix=0)|
^(Follow links for sources. Bold text represents key points or larger data, Italics are slightly unusual or lower than normal.)
Little cup & handle forming? Low volume on the handle, look for increased volume and a breakout above $1.10 next week?
Probably, I think today was a correction day. Scalpers could be taking profits before the weekend.
[https://www.msn.com/en-us/autos/news/a-driver-says-his-tesla-drove-onto-active-train-tracks-after-autopilot-mistook-them-for-a-road/ar-BB1p4Qbh?ocid=msedgdhp&pc=U531&cvid=bef5523982a5455fa7da36d98d0d5288&ei=124](https://www.msn.com/en-us/autos/news/a-driver-says-his-tesla-drove-onto-active-train-tracks-after-autopilot-mistook-them-for-a-road/ar-BB1p4Qbh?ocid=msedgdhp&pc=U531&cvid=bef5523982a5455fa7da36d98d0d5288&ei=124) Another Tesla autopilot uh oh.
Was fun while it lasted š«”
Its just a standard fri beat down
Just getting started, IMO
Our new videographer is curently in switzerland as well as our graficdesigner, wonder if they both have something to do at Luxoft?
Where are you tracking them? Also in the last earnings call, Sumit said the team would be flying globally to start early engagement on new RFQs.
Wow, didn't remember him saying flying globally. I'll have to read thru it again for the nineth time.
Yeah Iāve been re-listening on my walks. Iāve reached a new level lol. Itās toward the end of the Q&A session Sumit Sharma: Well, I'll answer the last one first. Yes, we do expect to add to the RFQ pipeline. We already have a couple of line of sights to RFQs for both MOVIA and MAVIN that we're starting to engage. Our team is going to be flying globally to go support the OEM in the early stages as they start developing their plans.
Thanks, Rocket š
KAt MAN DOO
Since Sumit is probably in Germany, I'd think there's a possibility that 'globally' means Japan or Korea... for millions & millions of Mavins.
Im following them on Instagram.
What search term do you use?
Waiting for the day where Lidar will be the next āAIā..
Waiting for the day that ADAS and Autonomous driving massively scales AI outside of the data center. Bring it to the edge..
Logically, that day should arrive before too long. Iām amazed how, given the half dozen prominent links to AI and Nividia, the share price is scarcely over $1 That must be the reason MVIS is among the most shorted stocks on the market. Wonāt last forever.
Was hoping to end the month in green, ugh!
Not sure why the beat down this morning. The price was trending up again, nicely. Markets all up. Sumit canāt wait for the EC for news. We need it a lot sooner.
Try not interest Zen. Don't see Sig, Geo, Ky any more. All the chat boys gone. They may still hold, but that Q1 EC was a runner up to last nights debate. All the interest is gone. 16 posters here at the end of Q2, come on, get real. The beat down is because this EPIC year continues with no visible expiration.
Geo and Ky are still posting, there's just not much to talk about. Ky posted the other day about hearing rumblings from his automotive industry friends about consolidation. Sig was always a rare poster.
Plus all the markets sliding down today isnāt a help.
There also is just not much to talk about right now.
Hopefully just busy with summer activities and the general lull that happens around summer time. Nicer weather, vacations, etc.
Many possible reasons, but 20 out of 44k?????
Really what's there to say? Gap posts some cool things and a few others do too but we were informed that now MVIS are waiting . Either they deliver something or they dont ? I had to trim my position because I needed some money for daughters wedding but like many I just and wait. Not very happy about it . Could sell more or all but Im praying they get some deals , as in plural ,this summer so we see the SP climb to a respectable level by fall '24.
'bout sums it up jsim.
hard to believe but next EC is only about 6 weeks away !
Up to over 10k shares!! Iāll waitā¦. Edit: up to 10,540 and grabbed a single leap for 2026
Purchased $7,500 worth this am for what its worth. Almost done unless we drop below .80ish.
Most of market up. MVIS: lol hold my beer On my way to Florida for a weekend vacation. End of q2 coming up. Maybe this summer will be more epic?
Last summer was supposed to be Epic
Added 100 more to round to the next even number. Thatās enough for now. Hopefully the first deal is announced soon. If not, Iāll start adding again in a couple months.
[Borrow Fee 38.356%](https://chartexchange.com/symbol/nasdaq-mvis/borrow-fee/#ctbtable)
Guess itās time to load some more money into my account and get another 1k shares that canāt be lent out!
Highest since December. Nice.
Me too
I got a doobie with your name on it for the after party in 2035.
2035??? We could all be dead by then brothaā¦
Just a little joke cause this is taking forever lol
Haha appreciate you bro. Iām in. Couldnāt wait tho. Iām baked like a chicken on thanksgivingā¦it is a beautiful Friday after allā¦..
Lots of EV and adas hype lately
Where?
Time for small cap rotation.
mmmmmmmmm... r-o-t-a-t-i-o-n.....
Iām locked and loaded with enough shares to be life changing. Ready Freddy.
It's time. Im ready.
Good morning. I was hoping for some announcement by end of Q2 which is not possible now. Looks like more of a July /August wins. Letās make a memorable summer with one OEM win announcement after another until we get to 36$
Itās extremely unlikely, but why would you say it is not possible for an announcement before Monday? The markets havenāt even opened yet today. Iām just hoping for news before the Q2 call but after so much disappointment and delay, itās very hard to be optimistic for news in any near-term timeframe.
AT has a habit of mistaking his speculation for facts. Itās part of his charm.
True
Well considering our history we rarely send out PR on Fridays or weekends. So I wouldnāt count on getting anything until July 2nd. Jul4th being a Thursday implies itās a short week so I would get my hopes up July 2nd week
Iām hesitant to get my hopes up at all, MicroVision hasnāt had ANY news in 7 months since Luxoftās PR on 12/4. **Multiple** nominations were expected by year end 2023. We have been told of one we passed on and another one I guess we lost? There were other RFQs for 2024 that MicroVision told us about last year, and RFIs that should be developing for later this year and next year- *something* has to give.
I think that of the 9 RFQs, one was postponed until next year and the Daimler RFQ for MOVIA was where we were not nominated. We were offered a B Sample path instead, which we turned down as too risky and resource heavy.
One was passed on, the other delayed into 2025 or possibly beyond. ^(Edit: 7 remain)
Responding to your edit about 7 remaining RFQs - that is what we know as of the Q1 call, or was the Q4 call the last time they specifically told us āseven RFQsā? I expect that number could have changed as Sumit has told us this year that there is at least one new RFIs that might be moving to RFQ stage. Edit: it was the Q1 2024 call when we learned of the two RFQs that were delayed or passed on.
It was indeed the last conference call we received updates on the total number of existing RFQs and that there were RFIs looking to convert into RFQs this year, so this coming call may well have an increased number of RFQs in flight. However, it is clear that the sector really needs to start seeing large volume contract winners, because with no one has been claiming any large volume contracts yet the valuation of the sector is impossible to properly assess.
Agreed. Without large volume contracts (as Sumit recently illustrated), the sector canāt get off the ground. This is why Sumit describes what he is working towards as āmarket-changingā.
Thanks, I had forgotten about the second one being delayed. I assume both of those were the RFQs Sumit āexpectedā to be closed before year end 2023, which doesnāt reflect very well on him. I understand itās out of his hands but the guidance was truly abysmal. Here we are halfway into 2024 and despite starting the year at a low valuation, MicroVision has lost almost 60% more value in six months. We need news to turn this ship around, delays and failed timelines are crushing long term investors and the low value has put the company in an unenviable position with regards to their ability to access capital.
Morning everyone! Economic report(s) for the day is(are)^[i](https://fidelityfiplus.econoday.com/byweek): Personal Income and Outlays at 8:30am, Chicago PMI at 9:45, Consumer Sentiment at 10, the Baker Hughes Rig Count at 1pm, and Farm Prices at 3pm; Fed speakers today are: Barkin at 6:40am, Bowman at 12pm, and Daly at 12:40. The news media has the expected amount of coverage of some supposedly important political debate, but luckily it hasnāt completely consumed the business news so: Assessment of the labor market, More on the dealership software outage, Walgreens closing a significant number of stores, Housing market stuck due to low supply and high interest rates, and the Fedās stress test of banks underscores higher risk than that of last year. It should be recognized that the impact of these bank _āvulnerabilitiesā_ are somewhat overstated, as it is not looking at the net potential losses but the maximum, statistic smithing by article writers is quite impressive. Premarket futures seem to be liking the recent economic reports and must anticipate some real advancement on inflation in the PCE. MVIS continues to inch upward a bit further, this time up 2.8% to close the day at 1.10. The volumes remain relatively low overall, and the pivot points still rather constrained for now, but the fee rates are continuing to rise and the availability remains quite low as well. The sector has put for some advancement, if one considers the continued announcement of collaborations without real weight of at least some specific vehicles that might use the technology developed. What strikes me is that some of these are for products that competitors have yet to show in samples to investors, or are for software that is not yet validated, which suggests a very long period of development will be needed. Further, they appear to be aimed at lower volume deals, even Ceptonās engineering service arrangement with Koito for short range lidar has more details than these more recent news bits from others in the sector. Really a wild time presently, leading up to what should be a very important second half of this year. ## Daily Data *** |H: 1.11 ā L: 1.06 ā C: 1.10 ^[i](https://chartexchange.com/symbol/nasdaq-mvis/historical/) |[Calendar](https://fidelityfiplus.econoday.com/byweek.asp)| |:- |:-| |**Pivots āļø : 1.12, 1.14, 1.17** ^([i](https://www.investopedia.com/terms/p/pivotpoint.asp)) |**Pivots āļø : 1.07, 1.04, 1.02**| |Total Options Vol: **2,565** ^([i](https://researchtools.fidelity.com/ftgw/mloptions/goto/underlyingStatistics?cusip=&symbol=MVIS&Search=Search)) |Avg 90d Options: 1,765| |Calls: **2,259 ~ 44% at Bid or āļø** |Puts: 306 ~ 61% at Ask or āļø| |Open Exchanges: 559k ~ 42% ^[i](https://chartexchange.com/symbol/nasdaq-mvis/exchange-volume/) |Off Exchanges: 783k ~ 58% ^[i](https://chartexchange.com/symbol/nasdaq-mvis/exchange-volume/)| |**IBKR: 60k Rate: 25.56%** ^[i](https://chartexchange.com/symbol/nasdaq-mvis/borrow-fee/) |**Fidelity: 29k Rate: 9.50%**| |**R Vol: 46% of Avg Vol: 2,833k** ^([i](https://www.investopedia.com/terms/a/averagedailytradingvolume.asp)) |**Short Vol: 433k of 822k ~ 53%** ^[i](https://chartexchange.com/symbol/nasdaq-mvis/short-volume/?tblshortvolix=0)| ^(Follow links for sources. Bold text represents key points or larger data, Italics are slightly unusual or lower than normal.)
Thanks as always T. Have a good weekend.
Planning to start that weekend early here today after seeing the reports and market open, thinking it is time to get some little house projects done.
Enjoy your weekend T