The Prof G Pod with Scott Galloway Prof G Markets: What Killed the Apple Car? Shein Eyes a London IPO, and The Granolas
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Mar 4, 2024 Dive into the fascinating downfall of the Apple car project and what it means for the future of EVs. Explore Shein's strategic pivot toward a London IPO and the implications for market transparency amid controversies. Discover exciting developments from the 'granolas,' Europe's top companies, and how branding sways investor behavior. The hosts blend insightful analysis with humor, tackling market trends while sharing personal anecdotes that make the complexities of finance more relatable.
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Apple Car Cancellation
- Apple canceling their car project is a good decision given the changing EV market.
- The market is overestimating EV demand, and new competitors like BYD are emerging.
BYD's Impact
- BYD's success highlights the challenging auto market.
- They produce more EVs than Tesla but have a much smaller market cap.
Rivian's Losses
- Rivian's substantial losses per vehicle sold likely influenced Apple's decision.
- Scott Galloway ordered a Rivian despite its financial struggles.