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 :(

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Comments

  • bubblyx
    2023-07-10
    bubblyx

    $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.

  • pixiezz
    2023-07-10
    pixiezz

    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??

  • vippy
    2023-07-10
    vippy

    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.

  • frosti
    2023-07-10
    frosti

    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

  • zinglee
    2023-07-10
    zinglee

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

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