With the United Auto Workers’ strikes threatening to shut down production lines of major conventional car makers, if its demand for wage increases as high as 40 percent is not met, no signs of a deal closure are in sight yet despite negotiations progressing in earnest, a clear beneficiary is the electric vehicle industry which has resisted unionisation.
The brewing storm for the incumbents may hence be good news for electric vehicle startups the like of $Faraday Future Intelligent Electric Inc.(FFIE)$ and $Rivian Automotive, Inc.(RIVN)$ that are in need of any catalyst to bolster their weakening fundamentals.
A clear winner would be $Tesla Motors(TSLA)$ which has benefited from a most recent upgrade to $400 per share, a high water mark for the stock on Wall Street, as analyst from Morgan Stanley lauded its artificial intelligence initiative that will drive the next phase of growth for the electric car maker.
Across the Pacific Ocean, hopefully $XPeng Inc.(XPEV)$ and $NIO Inc.(NIO)$ stock prices will be buoyed by the latest encouraging economic data from China. Despite a number of false starts, hopefully the Chinese economy recovery will be back on the right footing and bring back market sentiments and drive up its domestic demands for electric vehicles.
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on three renewable energy stocks to buy under $25 RIVN stock is also back above some key technical levels and trading at a roughly 50% discount to Tesla at 3.6X forward 12-month sales.
Last squeeze happened on 28th june, Sp went from $2.21 to $7.84 over a period of approx 20 working days. It was a 2-wave peak, SP increased by over 450% in this period.
Feel blessed I found this stock at 15 a share and realized how undervalued it was. Put my entire 401k in the 15s. As someone in their younger 30s, I know there is an above average chsnce I just retired early. Great company. Great future.
FF 91 EV successfully passed the Federal Motor Vehicle Safety Standard (FMVSS) crash test requirements. FF has performed the highest severity crash tests and has passed all of these tests successfully, including front, side and rear crash tests.🕺🕺🕺
This is just shorts selling en masse. Look at the short percentage, it's roughly 12% of the shares. - Shorts know the price will jump when FFIE completes its production development, and, FFIE begins production at the end of March.
This is way under rated company. This company went a long way to make one of the best vehicle in the luxury sector with all the AI and tech advances built into it