OUTLOOK ON EV INDUSTRY

Blessedme
2023-07-05

Recent surge in higher prices for Rivian and Tesla set to put the EV industry on a positive note. Rivals Nio has also increased its share price.

As economy are getting better abd Covid-19 diminishing, businesses have improved in business as usual. As global warming threathens the earth with higher temperatures and the people are more eco-conscious, EV industry will progress  even further as more batteries issues are resolved and more charging stations are in place. All over the world, people are slowly switching to EV as oil price increased and righing of oil is getting more difficult.

We will see a triple jump in EV share prices in the coming months as more deliveries are ramped up. Meanwhile buy more for future profit takings. I am looking forward to see NIO going up above 50 and Rivian going up to 100.

Unfortunately I dont support Tesla and it will also jump 3-fold.

Happy Investing :(

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • XantheJuliana
    2023-07-10
    XantheJuliana

    $8.50 this week. Won’t go up until this starts getting upwards of 25k. Needs to be 40k+ to get any real sort of investor buy in. Too muddy investment at this point with too little unknown return potential.

  • YeddaJohnson
    2023-07-10
    YeddaJohnson

    NIO is definitely the sleeper against the EVs. What will the rest of 2023 bring?? How will they compete against Tesla? Long road ahead for NIO. Will battery swapping be preferred choice??

  • YvetteGunther
    2023-07-10
    YvetteGunther

    I believe that NIO has made a terrible mistake already from the very beginning starting out with luxury models instead of affordable cheaper models to be able to compete price-wise with all Tesla models from the very start.

  • jeffry09
    2023-07-10
    jeffry09

    Prediction: NIO starts the week at $10 and finishes the week at........$10.

  • WernerBilly
    2023-07-05
    WernerBilly

    Rivian overpriced- time for a pullback to $15

  • YorkTurner
    2023-07-10
    YorkTurner

    NIO is locked into the $10 range for the summer, at least.

Leave a comment
13