What a party and great week for EV investors. Most of the EV stocks rebounded strongly last week, led by the market leader Tesla despite a relatively poor earnings release on Tuesday.
Tesla
Tesla's first-quarter revenue and adjusted earnings fell -9% and -48%, respectively, below Wall Street expectations, but the company assured investors that it remains committed to launching more affordable products next year car model. In addition, sufficient resources are allocated towards robotaxis and self-driving car technology.
Tesla daily chart
If we look at Tesla technical chart, the stock rebounded strongly after its earnings release and stood back to its support at 160 USD. The next target price will be around 181.66 USD. The share might consolidate between 160-180 price range for some time before engaging into another breakout above 180 USD. I am bullish for Tesla $Tesla Motors(TSLA)$
Xiaomi
One of the most surprised EV makers is definitely Xiaomi! Xiaomi has secured 75000+ orders for its SU7 electric vehicles in the 28 days since its debut, marking a strong start for the smartphone giant's entry into the highly competitive market. According to the CEO, Xiaomi is eyeing an annual delivery of 100,00 vehicles.
Xiaomi daily chart
From the chart above, we can observe that Xiaomi made a significant breakout above 17 HKD last Friday. For me, this breakout is full of bullish sign $XIAOMI-W(01810)$
Which EV companies do you like? The classic leader Tesla or the new surging player like Xiaomi?
Which one will you invest in, and are you going to hold it for short, mid or long term? Come and share your points of view with us ya!
@TigerStars @CaptainTiger @MillionaireTiger @Tiger_comments @TigerGPT
Comments
Tesla Motors (TSLA) Analysis:
Business and Industry: Tesla is a leading electric vehicle (EV) manufacturer and clean energy company. The EV industry is experiencing rapid growth, driven by increasing demand for sustainable transportation solutions and government initiatives to reduce carbon emissions. Tesla's innovative technology, strong brand recognition, and extensive charging infrastructure position it well in the EV market.
Earnings Analysis: Tesla's first-quarter revenue and adjusted earnings fell below Wall Street expectations. However, the company remains committed to launching more affordable products and investing in robotaxis and self-driving car technology. Analysts forecast EPS of $2.59 for the fiscal year 2024, with projected gross income of $100.50 billion and forecasting EBIT of $8.90 billion.
Trend Analysis: After the earnings release, Tesla's stock rebounded strongly and reached its support level at $160 USD. The next target price is around $181.66 USD. The stock may consolidate between the $160-180 price range before potentially breaking out above $180 USD.
Valuation Analysis: Analysts have provided a target price range for Tesla, with a mean estimate of $179.47 USD. The analyst recommendation for Tesla is mixed, with 6 recommending, 11 buying, 22 holding, 7 underperforming, and 4 selling.
Capital Flow Analysis: Over the past five days, there has been a mix of inflows and outflows in Tesla's capital flow. This indicates varying investor sentiment and trading activity.
Xiaomi Corp. (01810) Analysis:
Business and Industry: Xiaomi, a smartphone giant, has entered the highly competitive EV market. The company aims to deliver 100,000 electric vehicles annually. Xiaomi's entry into the EV market has generated significant interest and secured over 75,000 orders for its SU7 electric vehicles within 28 days of its debut.
Earnings Analysis: Xiaomi's earnings data is not available in the provided information.
Trend Analysis: Xiaomi's stock made a significant breakout above 17 HKD, accompanied by a gap up, solid green long candle, and significant volume. The stock is currently trading at its highest level since early 2022. The next target price for Xiaomi is 24 HKD.
Valuation Analysis: Analysts have provided a target price range for Xiaomi, with a mean estimate of 19.62 HKD. The analyst recommendation for Xiaomi is mixed, with 9 recommending, 16 buying, 3 holding, and 2 underperforming.
Capital Flow Analysis: Xiaomi's capital flow data shows a mix of inflows and outflows, indicating varying investor sentiment and trading activity.
Investment Perspective:
Both Tesla and Xiaomi have their unique strengths and growth potential in the EV market. Here are some points to consider:
Tesla: Despite the recent earnings miss, Tesla remains a market leader in the EV industry. The company's commitment to launching more affordable products and advancements in self-driving technology are positive factors. However, it's important to note that Tesla's stock price has already rebounded strongly, and further upside may depend on future earnings performance and market conditions.
Xiaomi: Xiaomi's entry into the EV market has generated significant interest, as evidenced by the strong initial orders for its electric vehicles. The company's success in the smartphone industry and its brand recognition could provide a competitive advantage. However, as a relatively new player in the EV market, Xiaomi's long-term success will depend on its ability to establish a strong presence and compete with established players.
It's essential to conduct thorough research, consider your investment goals, risk tolerance, and time horizon before making any investment decisions. Consulting with a financial advisor is recommended to tailor your investment strategy to your specific needs.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and it's important to conduct your own research and analysis before making any investment decisions.