Fierce competition for EVs in -To The Moon - Tiger Brokers Online Investing Community - To The Moon

Fierce competition for EVs in upcoming years!

Global EV sales for year 2022 is around 10 million units (up ~60% vs 6.5 million units in year 2021). Although the global EV sales is expected to grow to ~13.6 million units in year 2023 (which presents a growth of ~30% yoy), one must admit that there's huge competition among the different EV brands.

$BYD COMPANY(01211)$ became the world's best selling EV brand in year 2022, recording a sales of ~1.8 million units. Followed by $Tesla Motors(TSLA)$ , which also recorded ~1.3 million units in year 2022. Furthermore, the competition is getting more intense.

It's remarkable that Tesla bulls are able to turn the tide and gained close to 100% gain since it bottomed at $100+.

Some may argue that the worst is over, but do remember that Elon Musk has been cashing out from his Tesla positions at $200+ whereas Warren Buffett has been trimming more of his stake in BYD recently!! Hence, my gut feeling is telling me that Tesla is likely to close below $200 by end of Friday's trading session. What do you think? Let me know your thoughts!

@Daily_Discussion @CaptainTiger @TigerStars @MillionaireTiger

Can Tesla Guard $200 This Friday?

In the last month of 2022, it takes Tesla 36 days to fall from $200 to $101. While in the first two months of 2023, Tesla takes another 30 days to rebound to $200. [TOPIC] Can Tesla guard $200 this Friday? What's your trading plan for Tesla this week? Explain your reasons!

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

John.sw
2023-02-10
John.sw
thks
Deonc
2023-02-10
Deonc
ok
Tonnie
2023-02-10
Tonnie
Yes
TaigerMao
2023-02-10
TaigerMao
[Happy]
yiy
2023-02-10
yiy
[OK]
RT2022
2023-02-10
RT2022
Tks

Leave a comment

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While in the first two months of 2023, Tesla takes another 30 days to rebound to $200.\n[TOPIC]\nCan Tesla guard $200 this Friday?\nWhat's your trading plan for Tesla this week?\nExplain your reasons!","image":"https://community-static.tradeup.com/news/9cbc1ccaeb38796d703bf477b7479a16"}],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Fierce competition for EVs in upcoming years!</p>\n<p>Global EV sales for year 2022 is around 10 million units (up ~60% vs 6.5 million units in year 2021). Although the global EV sales is expected to grow to ~13.6 million units in year 2023 (which presents a growth of ~30% yoy), one must admit that there's huge competition among the different EV brands.<br></p>\n<p><a href=\"https://ttm.financial/S/01211\">$BYD COMPANY(01211)$&nbsp;</a>became the world's best selling EV brand in year 2022, recording a sales of ~1.8 million units. Followed by&nbsp;<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> , which also recorded ~1.3 million units in year 2022. Furthermore, the competition is getting more intense.&nbsp;</p>\n<p>It's remarkable that Tesla bulls are able to turn the tide and gained close to 100% gain since it bottomed at $100+.&nbsp;</p>\n<p>Some may argue that the worst is over, but do remember that Elon Musk has been cashing out from his Tesla positions at $200+ whereas&nbsp;Warren Buffett has been trimming more of&nbsp;his stake in BYD recently!! Hence, my gut feeling is telling me that Tesla is likely to close below $200 by end of Friday's trading session. What do you think? Let me know your thoughts!</p>\n<p><a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion &nbsp;</a><a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger &nbsp;</a><a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars &nbsp;</a><a href=\"https://ttm.financial/U/3527667618821228\">@MillionaireTiger &nbsp;</a>&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Fierce competition for EVs in upcoming years!</p>\n<p>Global EV sales for year 2022 is around 10 million units (up ~60% vs 6.5 million units in year 2021). Although the global EV sales is expected to grow to ~13.6 million units in year 2023 (which presents a growth of ~30% yoy), one must admit that there's huge competition among the different EV brands.<br></p>\n<p><a href=\"https://ttm.financial/S/01211\">$BYD COMPANY(01211)$&nbsp;</a>became the world's best selling EV brand in year 2022, recording a sales of ~1.8 million units. Followed by&nbsp;<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> , which also recorded ~1.3 million units in year 2022. Furthermore, the competition is getting more intense.&nbsp;</p>\n<p>It's remarkable that Tesla bulls are able to turn the tide and gained close to 100% gain since it bottomed at $100+.&nbsp;</p>\n<p>Some may argue that the worst is over, but do remember that Elon Musk has been cashing out from his Tesla positions at $200+ whereas&nbsp;Warren Buffett has been trimming more of&nbsp;his stake in BYD recently!! Hence, my gut feeling is telling me that Tesla is likely to close below $200 by end of Friday's trading session. What do you think? Let me know your thoughts!</p>\n<p><a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion &nbsp;</a><a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger &nbsp;</a><a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars &nbsp;</a><a href=\"https://ttm.financial/U/3527667618821228\">@MillionaireTiger &nbsp;</a>&nbsp;</p></body></html>","text":"Fierce competition for EVs in upcoming years! Global EV sales for year 2022 is around 10 million units (up ~60% vs 6.5 million units in year 2021). Although the global EV sales is expected to grow to ~13.6 million units in year 2023 (which presents a growth of ~30% yoy), one must admit that there's huge competition among the different EV brands. $BYD COMPANY(01211)$ became the world's best selling EV brand in year 2022, recording a sales of ~1.8 million units. Followed by $Tesla Motors(TSLA)$ , which also recorded ~1.3 million units in year 2022. Furthermore, the competition is getting more intense. It's remarkable that Tesla bulls are able to turn the tide and gained close to 100% gain since it bottomed at $100+. Some may argue that the worst is over, but do remember that Elon Musk has been cashing out from his Tesla positions at $200+ whereas Warren Buffett has been trimming more of his stake in BYD recently!! Hence, my gut feeling is telling me that Tesla is likely to close below $200 by end of Friday's trading session. What do you think? Let me know your thoughts! @Daily_Discussion @CaptainTiger @TigerStars 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