Hello everyone.

One quick clarification regarding yesterday’s story about Tesla deliveries.

I wrote: "More attention will be placed on the year-over-year growth in [Tesla] deliveries. If that figure continues to slow, the number of demand questions will rise."

One of those questions would include whether or not the slowdown in Tesla deliveries is tied to production headwinds. This is why it will be important to monitor how Tesla is performing in terms of build rates at existing factories and building new production facilities around the world.

Today’s update will focus on three news stories that jumped out at me. Lete’s jump right in.

Foxconn Hints at Robust iPhone Demand

Here’s Reuters:

“Taiwan's Foxconn, the world's largest contract electronics maker, said on Tuesday it was "cautiously optimistic" about its fourth-quarter revenue outlook after reporting record-breaking September sales.

Like other global manufacturers, the Taiwanese company, a major Apple Inc supplier, could be vulnerable to slowing consumer tech demand as the global economy faces the possibility of recession and inflation soars, especially in Europe and the United States.

But the company said in a statement it was ‘cautiously optimistic’ about the outlook for the final three months of 2022, and maintained its full-year guidance of growth given in August, from previous guidance of flattish revenue.

‘However, the dynamics of inflation, the pandemic, and the supply chain still need to be closely monitored,’ it said.

Formally known as Hon Hai Precision Industry Co Ltd, the company said revenue for September and the third quarter grew 40.39% and 24.4% on the year, respectively, both hitting record highs and beating its own expectations.”

Caution is always needed when reading too much into what any one company from Apple’s supply chain and assembly apparatus has to say. With that said,

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