Despite having lost over 99% of its value over the past year, $Faraday Future Intelligent Electric Inc.(FFIE)$   continues to attempt its dead cat bounces lately, as the traders in the meme stock bet on short-squeezing of the struggling electric vehicle maker and engage in tug-of-war with the fundamentalists. I believe that any recovery in stock prices, at times over 70% intraday fluctuations from trough to peak, is going to be short-lived for a company that is plagued by weak demands and deteriorating balance sheet. In fact, Faraday Future's promise to turnaround the company, attain profitability and defend shareholder value has been fruitless so far, and its sustainability even as a going concern is a big

With an all-important FOMC meeting coming up on 31 Oct - 1Nov, I expect more volatility in the market in the coming days. While most investors are expecting an end to the rate hike cycle, as rising treasury and corporate bond yields are doing much of the heavy lifting for the Fed in reining in mega expansions and investments, some are bracing for another rate increase before the end of this year as geopolitical tensions in the Middle East have led to renewed worries over rising fuel prices re-heating up otherwise cooling inflation. Nevertheless, the on-going geopolitical conflicts appear to be giving a lift to $Palantir Technologies Inc.(PLTR)$ , as it has reported growing orders from the defence industry. I’m c

$XPeng Inc.(XPEV)$ and $NIO Inc.(NIO)$ received shots in their arms after posting upbeat August vehicle delivery numbers last Friday, lifting the stock prices of the Chinese electric vehicle duo, while their local peer $Li Auto(LI)$ has risen in chorus as well. The EV industry has heaved a deep sign of relief that EV buyers have not held back their purchases despite concerns over lagging recovery of the Chinese economy and consumer demands. Hopefully, there will be spillover effects on the global EV market, benefiting the likes of

Following $Rivian Automotive, Inc.(RIVN)$ 's and $Li Auto(LI)$ 's earnings releases for their previous quarters, $Faraday Future Intelligent Electric Inc.(FFIE)$ , $XPeng Inc.(XPEV)$ and $NIO Inc.(NIO)$  shall be next in line to report theirs on 14, 15 and 21 November respectively. Despite my optimism on the prospects of electric vehicles amidst tightening emissions controls by many developing and develop

$Faraday Future Intelligent Electric Inc.(FFIE)$  just announced that it has entered into an At-the-Market equity offering sales agreement under which the electric vehicle startup may, from time to time, offer and sell shares of its Class A common stock up to an aggregate value of $90.0 million. The news sent its shares tumbling more than 65% last week over the potential massive dilution. The company is now at a pivotal time as it focuses on ramping up its FF91 production and initial FF91 2.0 deliveries, while it struggles for survival amidst its financial distress. With deteriorating fundamentals and the stock overhang from impending massive dilution, it remains to be seen whether the company can be rescued by

First fall in China's annual exports in 7 years has found casualties across the broad market, but especially the Chinese EV startup trio $NIO Inc.(NIO)$ , $XPeng Inc.(XPEV)$ and $Li Auto(LI)$ , that are also encountering slowing EV demands in the domestic market. Likewise, $Tesla Motors(TSLA)$ , which counts China among its major export markets, is also feeling the heat. Prevailing price war in the EV industry to increase share of the stagnant market does little to help the fledgling EV

As we approach the final two weeks of this year's trading, bid farewell to 2023 and look forward to a prosperous 2024, hopefully the tech bull run will complete the last 2 laps of 2023 and continue its relentless charge in 2024! This has so far been an eventful year for $Sea Ltd(SE)$ as it revamps itself to regain its past glory amidst rising competition not least from the latest partnership between TikTok Shop and Tokopedia in Indonesia, challenging Sea's leadership position in the largest market in Southeast Asia. Nevertheless, the CEO has announced his confidence that Sea will post its first profitable year since its listing on NYSE. Hopefully, the company's pivot to focus on profitability will pay off and reward it

With interest rates expected to stay higher for longer until inflation exhibits signs of sustainable cooling to the Fed's long-term target of 2%, borrowing costs are poised to remain prohibitively high, especially for startups of Tesla-wannabes the likes of Xpeng, Li Auto, Nio, Rivian and Faraday Future that are still burning hoards of cash to support huge investments in their electric vehicle ventures and EV technology developments. Nevertheless, I remain cautiously optimistic of the long-term prospects of the EV market amid growing awareness of global climate change, increasingly tightening of emission controls and soaring fuel prices on the back of escalating geopolitical conflicts, and I believe that the EV market is going to overtake the market for conventional vehicles in a decade o

Emerging from a crypto winter following the collapses and bankruptcies of multiple cryptocurrency platforms barely more than a year ago, cryptocurrencies are now coming back with bitcoin charging fast and furious past $60,000 this week, and approaching its all-time-high record set in late 2021, as the largest cryptocurrency by market capitalization is buoyed by market optimism spurred by the launches of several spot bitcoin exchange-traded funds that have enabled wider participation by retail investors and higher volumes in bitcoin trading. In fact, bitcoin has recently re-joined the trillion dollar club and its market cap of bitcoin is already surpassing that of Meta Platforms. I expect that hopes of a pivot by the Fed to ease the prevailing restrictive monetary policies this year and the