PBD Podcast The Apple Car | PBD Podcast | EP 34
Dec 30, 2020
Tom Zenner, a business strategist, and Thomas Ellsworth, known as 'Biz Doc,' join to discuss Apple's ambitious plans to enter the automobile market. They explore the fierce competition with Tesla, dissecting both companies' innovative strategies and the complexities of self-driving technology. The conversation also touches on China's rising global influence and the implications for the U.S. economy. Additionally, they scrutinize current CEO salaries compared to average workers, sparking a debate on fairness and success in today's capitalist society.
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Episode notes
Surveillance
- Tom Zenner advocates for government surveillance of online activity to identify potential threats.
- He believes those concerned about privacy should avoid discussing illegal activities online.
Tesla and GM
- Elon Musk tweeted about Tesla remaining public, causing a stock increase.
- GM announced a $27 billion investment in electric vehicles, aiming to compete with Tesla.
Car Company Valuations
- Tom Ellsworth points out that despite GM selling 8 million cars, its market cap is $60 billion, about $7,500 per car.
- Tesla, selling 20 times fewer cars (435,000), has a market cap of $600 billion, $1.4M per car.
