Tesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks

Bloomberg2021-02-24

The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse. The U.S.-listed ...

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Comments

wishingstar
2021-02-26
wishingstar
There should be a future in ev.
wishingstar
2021-02-26
wishingstar
There should be a future in ev
Tchua
2021-02-25
Tchua
Pull back, time to accumulate Xpeng
Euphoricbuzz
2021-02-25
Euphoricbuzz
Waiting for recovery!
- JonJon:
  是的
Basketrif
2021-02-25
Basketrif
When people think of EV, they will think of tEsla not others. Its double edged sword for the rest foEV shares
Cams
2021-02-25
Cams
Tesla leading the EV pack
- Money Sprout:
  I would believe that it would be that way for now, But Nio would take over As the governMent would Take a harsher stance towards tesla in the coming years! [抠鼻]

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There can only be a few market leaders in the long term.”</p>\n<p>The combined fortune of the three tycoons who founded the companies -- He Xiaopeng, Li Xiang and Bin Li has declined about $10 billion from January highs, according to the&nbsp;Bloomberg Billionaires Index.</p>\n<p>The damage has also spread to the Hong Kong-listed shares&nbsp;of&nbsp;China Evergrande New Energy Vehicle Group Ltd., which have shed 23% this week.BYD Co., the Chinese electric-vehicle manufacturer backed by Warren Buffett, has fallen 18% from its recent high.</p>\n<p><img src=\"https://static.tigerbbs.com/abdead18af4f7c4554d2004315476ab8\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The slide comes as Tesla shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-car makerentered the S&amp;P 500 Index in December.</p>\n<p>While the selloff was fueled in part by Musk’s comments that the price of Bitcoin seems “high,” there are other factors that may also be taking the shine off EV makers, including a continuous stream of&nbsp;EV development news&nbsp;from traditional automakers such as General Motors Co. and Ford Motor Co., as they prepare to go all in on the electrification race.</p>\n<p>Hyundai Motor Co. earlier this week unveiled itsIoniq 5&nbsp;electric car, saying it aims to sell 70,000 of the vehicles this year, rising to 100,000 next year.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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There can only be a few market leaders in the long term.”\nThe combined fortune of the three tycoons who founded the companies -- He Xiaopeng, Li Xiang and Bin Li has declined about $10 billion from January highs, according to the Bloomberg Billionaires Index.\nThe damage has also spread to the Hong Kong-listed shares of China Evergrande New Energy Vehicle Group Ltd., which have shed 23% this week.BYD Co., the Chinese electric-vehicle manufacturer backed by Warren Buffett, has fallen 18% from its recent high.\n\nThe slide comes as Tesla shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-car makerentered the S&P 500 Index in December.\nWhile the selloff was fueled in part by Musk’s comments that the price of Bitcoin seems “high,” there are other factors that may also be taking the shine off EV makers, including a continuous stream of EV development news from traditional automakers such as General Motors Co. and Ford Motor Co., as they prepare to go all in on the electrification race.\nHyundai Motor Co. earlier this week unveiled itsIoniq 5 electric car, saying it aims to sell 70,000 of the vehicles this year, rising to 100,000 next year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368072474,"gmtCreate":1614268804298,"gmtModify":1704770006446,"author":{"id":"3569924645980570","authorId":"3569924645980570","name":"wishingstar","avatar":"https://static.tigerbbs.com/33d7b13f080980449224c22c62e34653","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3569924645980570","authorIdStr":"3569924645980570"},"htmlText":"There should be a future in ev","listText":"There should be a future in ev","text":"There should be a future in ev","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/368072474","repostId":1197530704,"repostType":2,"repost":{"id":"1197530704","pubTimestamp":1614146811,"share":"https://ttm.financial/m/news/1197530704?lang=&edition=fundamental","pubTime":"2021-02-24 14:06","market":"us","language":"en","title":"Tesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks","url":"https://stock-news.laohu8.com/highlight/detail?id=1197530704","media":"Bloomberg","summary":"The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.The U.S.-listed sharesof Xpeng Inc. have plunged 33% from their recent highs, while Li Xiang’s Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said","content":"<p>The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as&nbsp;Tesla Inc.’s staggering rally goes into reverse.</p>\n<p>The U.S.-listed sharesof&nbsp;Xpeng Inc.&nbsp;have plunged 33% from their recent highs, while Li Xiang’s&nbsp;Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.</p>\n<p>“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said Robert Cowell, a Shanghai-based equity research analyst of 86Research. “Also competition is probably a part of it. There can only be a few market leaders in the long term.”</p>\n<p>The combined fortune of the three tycoons who founded the companies -- He Xiaopeng, Li Xiang and Bin Li has declined about $10 billion from January highs, according to the&nbsp;Bloomberg Billionaires Index.</p>\n<p>The damage has also spread to the Hong Kong-listed shares&nbsp;of&nbsp;China Evergrande New Energy Vehicle Group Ltd., which have shed 23% this week.BYD Co., the Chinese electric-vehicle manufacturer backed by Warren Buffett, has fallen 18% from its recent high.</p>\n<p><img src=\"https://static.tigerbbs.com/abdead18af4f7c4554d2004315476ab8\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The slide comes as Tesla shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-car makerentered the S&amp;P 500 Index in December.</p>\n<p>While the selloff was fueled in part by Musk’s comments that the price of Bitcoin seems “high,” there are other factors that may also be taking the shine off EV makers, including a continuous stream of&nbsp;EV development news&nbsp;from traditional automakers such as General Motors Co. and Ford Motor Co., as they prepare to go all in on the electrification race.</p>\n<p>Hyundai Motor Co. earlier this week unveiled itsIoniq 5&nbsp;electric car, saying it aims to sell 70,000 of the vehicles this year, rising to 100,000 next year.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 14:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.\nThe U.S.-listed ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","TSLA":"特斯拉","XPEV":"小鹏汽车","NIO":"蔚来"},"source_url":"https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197530704","content_text":"The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.\nThe U.S.-listed sharesof Xpeng Inc. have plunged 33% from their recent highs, while Li Xiang’s Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.\n“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said Robert Cowell, a Shanghai-based equity research analyst of 86Research. “Also competition is probably a part of it. There can only be a few market leaders in the long term.”\nThe combined fortune of the three tycoons who founded the companies -- He Xiaopeng, Li Xiang and Bin Li has declined about $10 billion from January highs, according to the Bloomberg Billionaires Index.\nThe damage has also spread to the Hong Kong-listed shares of China Evergrande New Energy Vehicle Group Ltd., which have shed 23% this week.BYD Co., the Chinese electric-vehicle manufacturer backed by Warren Buffett, has fallen 18% from its recent high.\n\nThe slide comes as Tesla shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-car makerentered the S&P 500 Index in December.\nWhile the selloff was fueled in part by Musk’s comments that the price of Bitcoin seems “high,” there are other factors that may also be taking the shine off EV makers, including a continuous stream of EV development news from traditional automakers such as General Motors Co. and Ford Motor Co., as they prepare to go all in on the electrification race.\nHyundai Motor Co. earlier this week unveiled itsIoniq 5 electric car, saying it aims to sell 70,000 of the vehicles this year, rising to 100,000 next year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":361890299,"gmtCreate":1614218011011,"gmtModify":1704889696073,"author":{"id":"3561859229387101","authorId":"3561859229387101","name":"Tchua","avatar":"https://static.tigerbbs.com/245ba7d1360ad877e076f09e9d78c378","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3561859229387101","authorIdStr":"3561859229387101"},"htmlText":"Pull back, time to accumulate Xpeng","listText":"Pull back, time to accumulate Xpeng","text":"Pull back, time to accumulate Xpeng","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361890299","repostId":1197530704,"repostType":4,"repost":{"id":"1197530704","pubTimestamp":1614146811,"share":"https://ttm.financial/m/news/1197530704?lang=&edition=fundamental","pubTime":"2021-02-24 14:06","market":"us","language":"en","title":"Tesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks","url":"https://stock-news.laohu8.com/highlight/detail?id=1197530704","media":"Bloomberg","summary":"The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.The U.S.-listed sharesof Xpeng Inc. have plunged 33% from their recent highs, while Li Xiang’s Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said","content":"<p>The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as&nbsp;Tesla Inc.’s staggering rally goes into reverse.</p>\n<p>The U.S.-listed sharesof&nbsp;Xpeng Inc.&nbsp;have plunged 33% from their recent highs, while Li Xiang’s&nbsp;Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.</p>\n<p>“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said Robert Cowell, a Shanghai-based equity research analyst of 86Research. “Also competition is probably a part of it. There can only be a few market leaders in the long term.”</p>\n<p>The combined fortune of the three tycoons who founded the companies -- He Xiaopeng, Li Xiang and Bin Li has declined about $10 billion from January highs, according to the&nbsp;Bloomberg Billionaires Index.</p>\n<p>The damage has also spread to the Hong Kong-listed shares&nbsp;of&nbsp;China Evergrande New Energy Vehicle Group Ltd., which have shed 23% this week.BYD Co., the Chinese electric-vehicle manufacturer backed by Warren Buffett, has fallen 18% from its recent high.</p>\n<p><img src=\"https://static.tigerbbs.com/abdead18af4f7c4554d2004315476ab8\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The slide comes as Tesla shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-car makerentered the S&amp;P 500 Index in December.</p>\n<p>While the selloff was fueled in part by Musk’s comments that the price of Bitcoin seems “high,” there are other factors that may also be taking the shine off EV makers, including a continuous stream of&nbsp;EV development news&nbsp;from traditional automakers such as General Motors Co. and Ford Motor Co., as they prepare to go all in on the electrification race.</p>\n<p>Hyundai Motor Co. earlier this week unveiled itsIoniq 5&nbsp;electric car, saying it aims to sell 70,000 of the vehicles this year, rising to 100,000 next year.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 14:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.\nThe U.S.-listed ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","TSLA":"特斯拉","XPEV":"小鹏汽车","NIO":"蔚来"},"source_url":"https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197530704","content_text":"The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.\nThe U.S.-listed sharesof Xpeng Inc. have plunged 33% from their recent highs, while Li Xiang’s Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.\n“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said Robert Cowell, a Shanghai-based equity research analyst of 86Research. “Also competition is probably a part of it. There can only be a few market leaders in the long term.”\nThe combined fortune of the three tycoons who founded the companies -- He Xiaopeng, Li Xiang and Bin Li has declined about $10 billion from January highs, according to the Bloomberg Billionaires Index.\nThe damage has also spread to the Hong Kong-listed shares of China Evergrande New Energy Vehicle Group Ltd., which have shed 23% this week.BYD Co., the Chinese electric-vehicle manufacturer backed by Warren Buffett, has fallen 18% from its recent high.\n\nThe slide comes as Tesla shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-car makerentered the S&P 500 Index in December.\nWhile the selloff was fueled in part by Musk’s comments that the price of Bitcoin seems “high,” there are other factors that may also be taking the shine off EV makers, including a continuous stream of EV development news from traditional automakers such as General Motors Co. and Ford Motor Co., as they prepare to go all in on the electrification race.\nHyundai Motor Co. earlier this week unveiled itsIoniq 5 electric car, saying it aims to sell 70,000 of the vehicles this year, rising to 100,000 next year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":361164604,"gmtCreate":1614214328308,"gmtModify":1704889623832,"author":{"id":"3569498379997992","authorId":"3569498379997992","name":"Euphoricbuzz","avatar":"https://static.tigerbbs.com/009cbeab44372f22c0118bbb1d116c7f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3569498379997992","authorIdStr":"3569498379997992"},"htmlText":"Waiting for recovery!","listText":"Waiting for recovery!","text":"Waiting for recovery!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/361164604","repostId":1197530704,"repostType":4,"repost":{"id":"1197530704","pubTimestamp":1614146811,"share":"https://ttm.financial/m/news/1197530704?lang=&edition=fundamental","pubTime":"2021-02-24 14:06","market":"us","language":"en","title":"Tesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks","url":"https://stock-news.laohu8.com/highlight/detail?id=1197530704","media":"Bloomberg","summary":"The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.The U.S.-listed sharesof Xpeng Inc. have plunged 33% from their recent highs, while Li Xiang’s Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said","content":"<p>The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as&nbsp;Tesla Inc.’s staggering rally goes into reverse.</p>\n<p>The U.S.-listed sharesof&nbsp;Xpeng Inc.&nbsp;have plunged 33% from their recent highs, while Li Xiang’s&nbsp;Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.</p>\n<p>“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said Robert Cowell, a Shanghai-based equity research analyst of 86Research. “Also competition is probably a part of it. There can only be a few market leaders in the long term.”</p>\n<p>The combined fortune of the three tycoons who founded the companies -- He Xiaopeng, Li Xiang and Bin Li has declined about $10 billion from January highs, according to the&nbsp;Bloomberg Billionaires Index.</p>\n<p>The damage has also spread to the Hong Kong-listed shares&nbsp;of&nbsp;China Evergrande New Energy Vehicle Group Ltd., which have shed 23% this week.BYD Co., the Chinese electric-vehicle manufacturer backed by Warren Buffett, has fallen 18% from its recent high.</p>\n<p><img src=\"https://static.tigerbbs.com/abdead18af4f7c4554d2004315476ab8\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The slide comes as Tesla shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-car makerentered the S&amp;P 500 Index in December.</p>\n<p>While the selloff was fueled in part by Musk’s comments that the price of Bitcoin seems “high,” there are other factors that may also be taking the shine off EV makers, including a continuous stream of&nbsp;EV development news&nbsp;from traditional automakers such as General Motors Co. and Ford Motor Co., as they prepare to go all in on the electrification race.</p>\n<p>Hyundai Motor Co. earlier this week unveiled itsIoniq 5&nbsp;electric car, saying it aims to sell 70,000 of the vehicles this year, rising to 100,000 next year.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 14:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.\nThe U.S.-listed ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","TSLA":"特斯拉","XPEV":"小鹏汽车","NIO":"蔚来"},"source_url":"https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197530704","content_text":"The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.\nThe U.S.-listed sharesof Xpeng Inc. have plunged 33% from their recent highs, while Li Xiang’s Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.\n“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said Robert Cowell, a Shanghai-based equity research analyst of 86Research. “Also competition is probably a part of it. There can only be a few market leaders in the long term.”\nThe combined fortune of the three tycoons who founded the companies -- He Xiaopeng, Li Xiang and Bin Li has declined about $10 billion from January highs, according to the Bloomberg Billionaires Index.\nThe damage has also spread to the Hong Kong-listed shares of China Evergrande New Energy Vehicle Group Ltd., which have shed 23% this week.BYD Co., the Chinese electric-vehicle manufacturer backed by Warren Buffett, has fallen 18% from its recent high.\n\nThe slide comes as Tesla shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-car makerentered the S&P 500 Index in December.\nWhile the selloff was fueled in part by Musk’s comments that the price of Bitcoin seems “high,” there are other factors that may also be taking the shine off EV makers, including a continuous stream of EV development news from traditional automakers such as General Motors Co. and Ford Motor Co., as they prepare to go all in on the electrification race.\nHyundai Motor Co. earlier this week unveiled itsIoniq 5 electric car, saying it aims to sell 70,000 of the vehicles this year, rising to 100,000 next year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3655750,"gmtCreate":1614214633409,"gmtModify":1680778223534,"authorId":3556708459149854,"author":{"id":3556708459149854,"idStr":"3556708459149854","authorId":3556708459149854,"name":"JonJon","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":361164604,"type":1,"supId":0,"prevId":0,"content":"是的","text":"是的","html":"是的"}],"langContent":"EN"},{"id":361169945,"gmtCreate":1614213977887,"gmtModify":1704889614465,"author":{"id":"3574715322913604","authorId":"3574715322913604","name":"Basketrif","avatar":"https://static.tigerbbs.com/47bde0946b4de3845bcba22c002e0cfd","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3574715322913604","authorIdStr":"3574715322913604"},"htmlText":"When people think of EV, they will think of tEsla not others. Its double edged sword for the rest foEV shares","listText":"When people think of EV, they will think of tEsla not others. Its double edged sword for the rest foEV shares","text":"When people think of EV, they will think of tEsla not others. Its double edged sword for the rest foEV shares","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361169945","repostId":1197530704,"repostType":2,"repost":{"id":"1197530704","pubTimestamp":1614146811,"share":"https://ttm.financial/m/news/1197530704?lang=&edition=fundamental","pubTime":"2021-02-24 14:06","market":"us","language":"en","title":"Tesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks","url":"https://stock-news.laohu8.com/highlight/detail?id=1197530704","media":"Bloomberg","summary":"The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.The U.S.-listed sharesof Xpeng Inc. have plunged 33% from their recent highs, while Li Xiang’s Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said","content":"<p>The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as&nbsp;Tesla Inc.’s staggering rally goes into reverse.</p>\n<p>The U.S.-listed sharesof&nbsp;Xpeng Inc.&nbsp;have plunged 33% from their recent highs, while Li Xiang’s&nbsp;Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.</p>\n<p>“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said Robert Cowell, a Shanghai-based equity research analyst of 86Research. “Also competition is probably a part of it. There can only be a few market leaders in the long term.”</p>\n<p>The combined fortune of the three tycoons who founded the companies -- He Xiaopeng, Li Xiang and Bin Li has declined about $10 billion from January highs, according to the&nbsp;Bloomberg Billionaires Index.</p>\n<p>The damage has also spread to the Hong Kong-listed shares&nbsp;of&nbsp;China Evergrande New Energy Vehicle Group Ltd., which have shed 23% this week.BYD Co., the Chinese electric-vehicle manufacturer backed by Warren Buffett, has fallen 18% from its recent high.</p>\n<p><img src=\"https://static.tigerbbs.com/abdead18af4f7c4554d2004315476ab8\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The slide comes as Tesla shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-car makerentered the S&amp;P 500 Index in December.</p>\n<p>While the selloff was fueled in part by Musk’s comments that the price of Bitcoin seems “high,” there are other factors that may also be taking the shine off EV makers, including a continuous stream of&nbsp;EV development news&nbsp;from traditional automakers such as General Motors Co. and Ford Motor Co., as they prepare to go all in on the electrification race.</p>\n<p>Hyundai Motor Co. earlier this week unveiled itsIoniq 5&nbsp;electric car, saying it aims to sell 70,000 of the vehicles this year, rising to 100,000 next year.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 14:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.\nThe U.S.-listed ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","TSLA":"特斯拉","XPEV":"小鹏汽车","NIO":"蔚来"},"source_url":"https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197530704","content_text":"The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.\nThe U.S.-listed sharesof Xpeng Inc. have plunged 33% from their recent highs, while Li Xiang’s Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.\n“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said Robert Cowell, a Shanghai-based equity research analyst of 86Research. “Also competition is probably a part of it. There can only be a few market leaders in the long term.”\nThe combined fortune of the three tycoons who founded the companies -- He Xiaopeng, Li Xiang and Bin Li has declined about $10 billion from January highs, according to the Bloomberg Billionaires Index.\nThe damage has also spread to the Hong Kong-listed shares of China Evergrande New Energy Vehicle Group Ltd., which have shed 23% this week.BYD Co., the Chinese electric-vehicle manufacturer backed by Warren Buffett, has fallen 18% from its recent high.\n\nThe slide comes as Tesla shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-car makerentered the S&P 500 Index in December.\nWhile the selloff was fueled in part by Musk’s comments that the price of Bitcoin seems “high,” there are other factors that may also be taking the shine off EV makers, including a continuous stream of EV development news from traditional automakers such as General Motors Co. and Ford Motor Co., as they prepare to go all in on the electrification race.\nHyundai Motor Co. earlier this week unveiled itsIoniq 5 electric car, saying it aims to sell 70,000 of the vehicles this year, rising to 100,000 next year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":361160575,"gmtCreate":1614213964997,"gmtModify":1704889613818,"author":{"id":"3572130952613927","authorId":"3572130952613927","name":"Cams","avatar":"https://static.tigerbbs.com/7689382545474b210c95b234e9564df6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572130952613927","authorIdStr":"3572130952613927"},"htmlText":"Tesla leading the EV&nbsp;pack","listText":"Tesla leading the EV&nbsp;pack","text":"Tesla leading the EV pack","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/361160575","repostId":1197530704,"repostType":4,"repost":{"id":"1197530704","pubTimestamp":1614146811,"share":"https://ttm.financial/m/news/1197530704?lang=&edition=fundamental","pubTime":"2021-02-24 14:06","market":"us","language":"en","title":"Tesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks","url":"https://stock-news.laohu8.com/highlight/detail?id=1197530704","media":"Bloomberg","summary":"The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.The U.S.-listed sharesof Xpeng Inc. have plunged 33% from their recent highs, while Li Xiang’s Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said","content":"<p>The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as&nbsp;Tesla Inc.’s staggering rally goes into reverse.</p>\n<p>The U.S.-listed sharesof&nbsp;Xpeng Inc.&nbsp;have plunged 33% from their recent highs, while Li Xiang’s&nbsp;Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.</p>\n<p>“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said Robert Cowell, a Shanghai-based equity research analyst of 86Research. “Also competition is probably a part of it. There can only be a few market leaders in the long term.”</p>\n<p>The combined fortune of the three tycoons who founded the companies -- He Xiaopeng, Li Xiang and Bin Li has declined about $10 billion from January highs, according to the&nbsp;Bloomberg Billionaires Index.</p>\n<p>The damage has also spread to the Hong Kong-listed shares&nbsp;of&nbsp;China Evergrande New Energy Vehicle Group Ltd., which have shed 23% this week.BYD Co., the Chinese electric-vehicle manufacturer backed by Warren Buffett, has fallen 18% from its recent high.</p>\n<p><img src=\"https://static.tigerbbs.com/abdead18af4f7c4554d2004315476ab8\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The slide comes as Tesla shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-car makerentered the S&amp;P 500 Index in December.</p>\n<p>While the selloff was fueled in part by Musk’s comments that the price of Bitcoin seems “high,” there are other factors that may also be taking the shine off EV makers, including a continuous stream of&nbsp;EV development news&nbsp;from traditional automakers such as General Motors Co. and Ford Motor Co., as they prepare to go all in on the electrification race.</p>\n<p>Hyundai Motor Co. earlier this week unveiled itsIoniq 5&nbsp;electric car, saying it aims to sell 70,000 of the vehicles this year, rising to 100,000 next year.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Plunge Spreads to China Rivals as EV Tycoons’ Wealth Sinks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 14:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.\nThe U.S.-listed ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","TSLA":"特斯拉","XPEV":"小鹏汽车","NIO":"蔚来"},"source_url":"https://www.bloomberg.com/news/articles/2021-02-24/china-ev-tycoons-wealth-hit-as-tesla-decline-snares-rivals","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197530704","content_text":"The Chinese electric-vehicle pioneers who have ridden Elon Musk’s coat-tails to riches have lost around $10 billion in recent weeks as Tesla Inc.’s staggering rally goes into reverse.\nThe U.S.-listed sharesof Xpeng Inc. have plunged 33% from their recent highs, while Li Xiang’s Li Auto Inc.is down 27% from its early-January peak.Nio Inc.has slumped 22% from peak to trough.\n“EV stocks have priced in big growth over a long timeframe, leaving them particularly vulnerable to shifts in sentiment,” said Robert Cowell, a Shanghai-based equity research analyst of 86Research. “Also competition is probably a part of it. There can only be a few market leaders in the long term.”\nThe combined fortune of the three tycoons who founded the companies -- He Xiaopeng, Li Xiang and Bin Li has declined about $10 billion from January highs, according to the Bloomberg Billionaires Index.\nThe damage has also spread to the Hong Kong-listed shares of China Evergrande New Energy Vehicle Group Ltd., which have shed 23% this week.BYD Co., the Chinese electric-vehicle manufacturer backed by Warren Buffett, has fallen 18% from its recent high.\n\nThe slide comes as Tesla shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-car makerentered the S&P 500 Index in December.\nWhile the selloff was fueled in part by Musk’s comments that the price of Bitcoin seems “high,” there are other factors that may also be taking the shine off EV makers, including a continuous stream of EV development news from traditional automakers such as General Motors Co. and Ford Motor Co., as they prepare to go all in on the electrification race.\nHyundai Motor Co. earlier this week unveiled itsIoniq 5 electric car, saying it aims to sell 70,000 of the vehicles this year, rising to 100,000 next year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3656202,"gmtCreate":1614217784836,"gmtModify":1680778231210,"authorId":3567511757211423,"author":{"id":3567511757211423,"idStr":"3567511757211423","authorId":3567511757211423,"name":"Money Sprout","avatar":"https://community-static.tradeup.com/news/a90f46b85a1738ed3c9b09de55cb7371","vip":1,"currentWearingBadge":{"badgeId":"23f878ed27704312ae41c7f17e73b319-5","templateUuid":"23f878ed27704312ae41c7f17e73b319","name":"Annualised return","description":"Top 5%","bigImgUrl":"https://community-static.tradeup.com/news/28b025635697d2f8cba3e94ec9f33231","smallImgUrl":"https://community-static.tradeup.com/news/b9d0f04877ffafa61d3f0d06efb58d87","grayImgUrl":"https://community-static.tradeup.com/news/0b3045db9a2ba37916c82e771c62bd6c","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.13","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5300},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":361160575,"type":1,"supId":0,"prevId":0,"content":"I would believe that it would be that way for now, But Nio would take over As the governMent would Take a harsher stance towards tesla in the coming years! [抠鼻]","text":"I would believe that it would be that way for now, But Nio would take over As the governMent would Take a harsher stance towards tesla in the coming years! [抠鼻]","html":"I would believe that it would be that way for now, But Nio would take over As the governMent would Take a harsher stance towards tesla in the coming years! [抠鼻]"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":27,"commentSize":27,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1197530704"}