Competition in the EV space will sure get hotter as more established traditional automobile giants especially the German, Japanese and Korean accelerate the shift from ICE to EV. These giants will have much bigger funds and economy of scale Vs the Chinese players. Unless the Chinese gov funds local EV makers like Nio, XPEV and Li, it will be difficult for them to compete and survive the battle in the long run! Time will tell.
Not a surprise to see analyst cutting the target price for Nio. While nio price has moved up in last few days but the once touted China tesla is trailing further n further behind tesla n other China EVs . Hope nio can find its way back to the EV race!
Price Target Changes|Nio Cut to $34 by Morgan Stanley; Adobe Lowered to $575 by Deutsche Bank
price of EVs will come down once economy of scale is achieved, just like flat panel TV, cellular phone etc when first launched. It's a matter of time unfortunately taking longer due to the series of global crisis.
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SEA is burning cash on shopee n seamoney faster than garena is able to earn. Until it shows sign of revenue/margin growth for these non profitable biz exceeding costs escalation more downside is not a surprise.
Is Sea Limited Stock a Buy After It Crashed and Burned on Monday?
More and more start ups are joining the EV party 🥳 soon the market will be crowded when legacy car giants wake up and aggressively rush into fun. Wonder who will emerged the winner? Tesla of course....who else?
Fisker Gains after Opening up Reservations for Second EV Model
STI may seems to have recovered slowly but if you take a good look, it's mainly the 3 banks that keep moving up. Other counters still some way to go. Question remains how much higher can the banks move upwards? A question in everyone's mind!
Nio performance has been lack lustre since Q4 last year. Its falling behind xpev and Li. With continuous chips shortage wonder if it will be able to rebound soon. Would be wiser to put your bet on xpev!
Nio To Launch ES7 SUV In April; Deliveries Slated For Later In The Year
Both stocks are no different from high growth tech stocks, which are still lost making. Unless we see a clear sign of revenue growth accelerating at double or more the rise in expenses, the margin would continue to be low n ebdita will continue to be negative.
interest rate sensitive tech growth stocks will continue to be volatile or even drop further until rate hike is implemented. Just nid to hold tight n preserve n wait for rebound when dust settled down and when gd report on earning growth!
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