So $Tesla Motors(TSLA)$ pops 8% after China deliveries hit 3rd highest monthly in December at 93,766 units. China now accounts for nearly 50% of Tesla’s 4Q global deliveries.
When it comes to Tesla in China, where the company likely derives most of its EV profits, investors see no risk.
But when it comes to $NIO Inc.(NIO)$ $NIO-SW(09866)$ $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ $ZEEKR(ZK)$ $Li Auto(LI)$ $LI AUTO-W(02015)$ doing well in China, so much risk is being priced into the stock.😅
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