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Industry Focus

Energy: EV News (Chips, Batteries, SEC Investigations, and More!)

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 9 December 2021

⏱️ 23 minutes

🧾️ Download transcript

Summary

John Rosevear joins the show to break down the latest EV headlines.

Stocks Mentioned: INTC, F, GFS, STLA, GM, TM, TSLA, LCID

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Transcript

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0:00.0

Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.

0:11.0

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyple. I'm Dylan Lewis. And today

0:16.0

we're talking financials. Today we're talking consumer goods. Wild Card Wednesday.

0:20.4

We're talking energy. And today we're talking tech. Let's dive in.

0:26.0

Welcome to History Focus. I'm Nick Saipel this week. John Roosevelt returns the show to

0:30.4

get us up to speed on the latest in auto and EV news.

0:33.2

John, thanks for joining me.

0:34.7

Thanks for having me, Nick.

0:35.8

Excited to be here with you.

0:37.6

Every time I've had you on the show in the past year, John,

0:41.0

there is a lot to talk about this is a big crazy time in the world of

0:45.6

v v v v autos so let's get to it first story today maybe auto. Intel announced plans earlier this week to spin out its

0:56.1

Mobileai unit.

0:57.2

That's the unit that develops chip systems for self-driving cars.

1:00.5

Mobileai was publicly traded until Intel acquired the business for about

1:04.2

$15 billion in 2015. Today reports are saying they're seeking a $50 billion

1:08.7

valuation for mobile. John, what do you make of this news?

1:11.9

I don't follow Intel itself closely,

1:14.5

but I know that Intel has not had a great few years.

1:18.2

But on the other hand, Mobilei has gone gangbusters.

1:22.1

That 15 billion that Intel paid for them was a hefty premium in 2015 but

1:27.2

mobilei has roughly tripled its revenues by since then we should back up a bit

...

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