$Nasdaq100 Bear 3X ETF(SQQQ)$-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Nasdaq100 Bear 3X ETF(SQQQ)$

@Omega88：$XPeng Inc.(XPEV)$ Globally, $Tesla Motors(TSLA)$ leads all others, selling 936,000 units in 2021 (giving the company a market share of ~14%). Close behind was the Volkswagen Group (11%), BYD (9%), GM (7.6%) etc. Although China has the biggest market for EVs at 34%, you can see that most of the China's EV companies are not making significant progress in their car deliveries. Taking XPeng as an example, since hitting the peak of 16k car deliveries in Dec 2021, the number has been decreasing and mostly remained stagnant at around 10k. Furthermore, the competition in the EV market has intensified as numerous traditional car markers (Mercedes-Benz, BMW etc) are also investing and building more EV units. Hence, I think the downside will be more for China EV companies (such as XPeng, Nio and Li Auto). With increasing interest rate hikes, I doubt people would be splashing more money to buy new cars! What do you think? Let me know your thoughts!!

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