Hyundai $HYMTF faded breakout last Friday:

Opened at $60 and faded down to a $54 close.

Reminder: Hyundai owns 80% of Boston Dynamics, which manufactures the finest humanoid robots made in America.

Privately owned, Boston Dynamics was founded by Marc Raibert, who spun off the company from the Massachusetts Institute of Technology (MIT) in 1992. Raibert was a professor of Electrical Engineering and Computer Science at MIT and had previously founded the Leg Laboratory at MIT and Carnegie Mellon University, which helped establish the scientific basis for highly dynamic robots. Robert Playter, who joined the company soon after its founding, also did his doctoral thesis on Marc Raibert’s team at MIT. Nancy Cornelius was another co-founder, serving as the first employee and later as CFO and VP in charge of engineering.

Boston Dyamics is privately owned: 80% owned by Hyundai, 20% by Softbank.

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p.s. Hyundai Motor Company owns approximately 34% of Kia Motors.

https://electrek.co/2025/01/29/hyundais-25000-inster-ev-double-electric-car-sales-europe/


Despite its small size, Hyundai expects big things from its new low-cost electric SUV. Starting at around $25,000, the Inster EV will be Hyundai’s main growth driver, as it plans to double electric car sales in Europe this year. Hyundai will also launch its first three-row electric SUV, the IONIQ 9.

After selling over 68,000 EVs in Europe last year, Hyundai’s CFO, Seung Jo Lee, said the automaker is “looking to double that” in 2025.

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I did not know that. Thanks.

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Until some research today, I had thought it was 50% ownership.

I was unaware of Softbank’s 20% ownership.

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Weekly chart:

Monthly chart:

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p.s.

PE for $HYMTF: 3.10

PE for $TSLA: 177.41

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