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By shelitaauto
Source: Gasgoo
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link hidden, please login to view Cathie Wood of Ark Investment Management said Teslaâs move into the more profitable business of self-driving taxi platforms would boost its share price by about 10 times. That echoes years of optimism about Teslaâs self-driving business.
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Wood believes the self-driving taxi ecosystem will be worth $8 trillion to $10 trillion globally, with platform providers such as Tesla taking half of that. Speaking on the Tiger Money podcast, Wood revealed that investors are shifting the way they value Tesla, not just as an electric car maker, but also the potential of its self-driving taxis.  Wood said: âThe autonomous taxi platform is the fastest growing AI project today, and Ark is primarily valuing it based on Teslaâs autonomous driving potential. If weâre right, thereâs plenty of room for Teslaâs stock price to grow.â  Optimism over Teslaâs efforts to bring self-driving taxis to market has helped its shares recover a 43 per cent fall in the year to April 22.  Wood said the self-driving taxi network will provide A âwinner-takes-allâ opportunity, with providers that can get passengers from point A to point B in the safest and fastest way winning the lionâs share of business. She added that autonomous taxi network providers will be able to capture 30 to 50 percent of the revenue generated by fleet owners on the platform, resulting in âgrowing explosive cash flowsâ and profit margins of more than 50 percent. This is different from the âmake and sellâ or âone-offâ business model of traditional car manufacturing.  âWe think people are missing that: the size of the opportunity, the speed of expansion, and how profitable it will be,â Wood said. She expects Tesla to dominate the U.S. self-driving taxi market.  Last week, Tesla had a weighting of more than 15% in the $6.5 billion Ark Innovation ETF. Wood said the fund has taken some profits off Tesla, allowing the stock to trade above its normal cap because they believe Tesla is about to reveal more information about its self-driving taxi project.  According to a Bloomberg report on July 18, Tesla has delayed the launch of its self-driving taxi by two months to October, originally scheduled for August, to give the team more time to produce more prototypes. The news sent Tesla shares down 8.4%, their biggest one-day drop since January. But Wood doesnât mind.  âWe may be closer to the self-driving taxi opportunity than we are further away, and Musk may want to do better and think it is possible by October,â Wood said.  Fangâs valuation model does not yet take into account Teslaâs potential in China or in humanoid robotics and energy storage. In April, Tesla, which reached a mapping and navigation deal with Chinese tech giant Baidu Inc and met data security and privacy protection requirements, has already received approval in principle from Chinese officials to deploy its self-driving assistance system to China, the worldâs largest auto market. -
By Counterman
Evercoat will host a free webinar titled, âBody Filler Troubleshootingâ, on June 11, 2024 at 4 p.m. The webinar will be presented by ASE, with Evercoatâs Tim McKinney.
This webinar will review some common issues when it comes to body filler applications and some of the common questions and problems when things donât go as planned.
Attendees will learn more about the problems, causes and cures for what went wrong and steps they can take to avoid those issues in the future.
Not sure you can attend? Register anyway to receive a follow-up email with details on how to attend a recorded session, if available. Access to recorded sessions is reserved for those who register for the live event.Â
To register for the webinar, clickÂ
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By Counterman
new national survey by Atomik Research reveals 91% of American motorists say theyâve experienced a dead battery, but nearly two-thirds (65%) of motorists admit they donât think about having their car battery checked until itâs too late. Â
To raise awareness of the importance of having a reliable car battery, Advance Auto Parts is giving away free DieHard batteries on National Battery Day, which is Sunday, Feb. 18.Â
Advance said it will surprise randomly selected customers with a free DieHard battery, including those getting their current battery tested, at participating stores nationwide.
As part of National Battery Day, Advance is partnering with Tampa Bay Buccaneers quarterback Baker Mayfield to encourage motorists to get their car batteries tested. Â
âChecking the performance of your car battery can prevent unfortunate and even unsafe events caused by dead batteries,â said Junior Word, Advanceâs executive vice president, U.S. stores.Â
Additional data from the national Atomik survey commissioned by Advance in January underscores the need to remind motorists to get their car batteries checked:Â Â Â Â
Sixty-five percent of motorists say theyâve missed or been late to something due to a dead car battery; nearly 10% say they missed or were late to an important life event â such as a wedding, funeral or birth of a child. Only 2% of motorists indicate theyâve had their car battery checked before a cross-country road trip. Only 5% of motorists report having ever checked their car battery when there is a drop in temperature. The post
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By Advance Auto Parts
Advance Auto Parts Puts a Charge in American Motorists on National Battery Day With Free DieHardÂź Auto Batteries Giveaway and Complimentary Battery Testing Nationwide Feb. 18
02/14/2024  New survey reveals 91 percent of motorists have experienced a dead battery, but nearly two-thirds admit they donât think about having their car battery checked until itâs too late
RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts (NYSE: AAP), a leading automotive aftermarket parts provider, is jump-starting motoristsâ attention to the safety and reliability of their automobiles by giving away free DieHardÂź batteries on National Battery Day, Sunday, Feb. 18.
This press release features multimedia. View the full release here:Â
link hidden, please login to view Customers who visit their local Advance Auto Parts store on National Battery Day, Sunday, February 18, may be randomly selected to receive a free DieHard auto battery. (Photo: Business Wire)
A new national survey by Atomik Research reveals 91 percent of American motorists say they have experienced a dead battery, but nearly two-thirds (65 percent) of motorists admit they donât think about having their car battery checked until itâs too late.
On National Battery Day, Sunday, Feb. 18, Advance will surprise randomly selected customers with a free DieHardÂź battery, including those getting their current battery tested, at participating stores nationwide. As part of National Battery Day, Advance is partnering with pro football star quarterback Baker Mayfield to encourage motorists to get their car batteries tested.
âOur team of automotive experts are committed to customer care and advancing the needs of todayâs motorists, such as offering complimentary curbside battery testing and installation every day, including on National Battery Day, Sunday Feb. 18,â said Junior Word, Advanceâs executive vice president, U.S. stores. âChecking the performance of your car battery can prevent unfortunate and even unsafe events caused by dead batteries.â
Additional data from the national Atomik survey commissioned by Advance in January further validates the need to remind motorists to get their car batteries checked:
65 percent of motorists say they have missed or been late to something due to a dead car battery, including nearly 10 percent say they missed or were late to an important life event â such as a wedding, funeral or birth of a child Only 2 percent of motorists indicate they have had their car battery checked before a crossâcountry road trip Only 5 percent of motorists report having ever checked their car battery when there is a drop in temperature To learn more about Advanceâs car care offerings, including DieHardÂź, or find a store location, visitÂ
link hidden, please login to view. DieHardÂź is Americaâs most trusted auto battery* and part of Advanceâs portfolio of owned brands. About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 7, 2023, Advance operated 4,785 stores and 320 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,307 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found atÂ
link hidden, please login to view. Fleishman-Hillard, Inc. and Advance Auto Parts commissioned Atomik Research to conduct an online survey of 1,004 drivers throughout the United States. The sample consists of adults who own or regularly operate a gasoline-powered vehicle â hybrid and EV drivers were excluded from the sample. The margin of error is +/- 3 percentage points with a confidence level of 95 percent. Fieldwork took place between January 9 and January 11, 2024.
* Based on 2021 independent survey of nationally representative sample of 1,200+ drivers.
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By Advance Auto Parts
ADVANCE AUTO PARTS OFFERING STUDENTS A CHANCE TO WIN A âFUEL RIDE TO COLLEGEâ AND FREE âOFF-TO-CAMPUSâ IN-STORE SERVICES
 Incoming college freshmen can enter to win a âfuel rideâ â four years of free gasoline â after new national survey reveals gas is a significant financial strain for majority of students
RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts (NYSE: AAP), a leading automotive aftermarket parts provider, announced today that it will help advance the education of incoming college freshmen, and ease their financial burden, by awarding 10 âfuel ridesâ in the form of four years of free gasoline to 10 lucky winners of the âFuel Ride to Collegeâ sweepstakes.*
This press release features multimedia. View the full release here:Â
link hidden, please login to view Along with providing four years of free gas to 10 college students, Advance Auto Parts is offering free in-store services, including free battery testing and installation, wiper blade installation and check engine light scanning. (Photo: Business Wire)
Advanceâs âFuel Ride to Collegeâ sweepstakes arrives right on time as prices at the pump tick up. New data from Atomik Research reveals that 67% of college students cite gasoline for their automobile as being an expense that puts the most financial strain on their wallet**, while 76% of parents of incoming freshmen say they are worried about their studentâs ability to afford gas.***
Parents also have significant anxiety regarding the safety of their college students when it comes to the automobiles they operate, according to Atomik Research surveys commissioned by Advance. Nearly two-thirds (63%) of parents of incoming college freshmen feel very or extremely anxious about their studentâs safety when it comes to maintaining their cars and about three-fourths (73%) of parents have more anxiety about the car safety of their incoming college freshman than they did during the childâs senior year in high school.
Parentsâ anxiety is warranted as more than half of college students admit to having ignored dashboard alerts and notifications, including âcheck engineâ and âlow battery warning,â according to the survey.
To help ease this anxiety, Advance and its team of friendly automotive experts are offering students and their parents free âoff-to-campusâ in-store services at Advance stores nationwide, including free battery testing and installation, wiper blade installation and check engine light scanning.
In addition to awarding 10 four-year âFuel Rides to College,â Advance will also award 20 additional winners a $100 Advance gift card to stock up on essentials to help keep their automobiles in reliable shape this school year. If interested in learning more, visitÂ
link hidden, please login to view through Aug. 18 to review eligibility requirements to enter for a chance to win and to review the sweepstakes rules. âStarting college is exciting for incoming freshmen, but that excitement is accompanied by anxiety and worry for both students and their parents, especially regarding finances and safety,â said Samantha Avivi, Advanceâs chief marketing officer. âThrough our âFuel Ride to Collegeâ program and complimentary curbside services for motorists, we want to put the brakes on fuel-filled worries for both students and parents, especially when it comes to having a reliable and safe automobile on the road to college, around campus, back home and everywhere in between.â
Additional data from the Atomik surveys validate the value of a âFuel Ride to College:â
One-third (33%) of students cite that a lack of gas money or the cost of gas has deterred them from going to class, the library or study groups, while 60% of incoming college studentsâ parents express this exact worry: that the cost of gas will deter their child from going to class or education-related activities. Many college students choose between fueling their body and their automobile: more than one-third (36%) say they have compromised or cut back on groceries to fit gas money into their budget. One-quarter (25%) of college students say theyâve had to cut back or compromise school supplies to fuel their automobiles. Advance has also partnered with auto racing driver and television personality Arie Luyendyk Jr. to encourage incoming freshmen to enter for a chance to win a âFuel Ride to Collegeâ and spread the word about Advanceâs commitment to providing parents peace of mind via complimentary in-store services. Check outÂ
link hidden, please login to view or visit an link hidden, please login to view to shop for auto parts and products needed to get vehicles in shape for the school year or to receive a free off-to-campus vehicle checkup. About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of April 22, 2023, Advance operated 4,778 stores and 318 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,315 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found atÂ
link hidden, please login to view. * NO PURCHASE NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. Open only to legal residents of the 50 United States (D.C.), 17 to 20 years of age. Void where prohibited by law. Sweepstakes begins at 8:00 am ET on 8/7/23 and ends at 11:59 pm ET on 8/18/23. Subject to full Official Rules including prizes and odds,Â
link hidden, please login to view. Sponsor: Advance Stores Company, Incorporated, 4200 Six Forks Road, Raleigh, NC 27609. ** Atomik Research conducted an online survey of 1,003 college students across the United States between July 10 and 12, 2023. Qualified respondents are students currently enrolled or planning to be enrolled at a college, university, community college or trade school this fall and who own and/or regularly operate a car. The age of participants ranges between 18 and 24. Margin of error of the sample is +/- 3 percentage points with a confidence level of 95%.
*** Atomik Research conducted an online survey of 504 parents of incoming college freshmen across the United States between July 10 and 18, 2023. Qualified respondents are parents of incoming freshmen, who own or regularly operate a car, and are planning to be enrolled at a college, university, community college or trade school this fall. Margin of error of the sample is +/- 4 percentage points with a confidence level of 95%.
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Advance Auto Parts Contacts:
Investor Relations:
Elisabeth Eisleben
T: (919) 227-5466
E:Â [email protected]
Media Relations:
Darryl Carr
T: (984) 389-7207
E:Â [email protected]
Â
Source: Advance Auto Parts
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