@Jo Tan:$Grab Holdings(GRAB)$has been a bit volatile last night. Do not be swayed by market sentiments. For me, I choose to hold on but I have not increased my holdings for the time being as I believe it may fall further.It is fighting against macro conditions, especially by not laying off staff. I hope it can continue to adapt to market conditions and improve in the long run.In the short run, it just has to do one thing: Survive. After Investor Day this week, Grab is showing that it wants to assure investors.In my previous article, I mentioned that the only way was to win hearts and minds of both their drivers and consumers alike. I hope that they do not choose a business model that just focuses on making profits.
ok//@Frosty4ever: It'll be worse for competitors regardless legacy or pure ev. Most have low margin and ant price cuts will be more devastating to their bottom line. Especially in high interest environment as they also have high debts. Not perfect for Tesla but early signs anyway show positive demand assist the price cuts. Not so straight forward.