EV Stock Valuations Make No Sense. Time to Recalibrate.

Barron's2022-03-18

Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...

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Comment（22）

LHC0511
·2022-03-21
People playing EV just like gambling as in casino. Drop then buy more. Go up then sell.
Reply
2
Report
Zacccc
·2022-03-19
K
Reply
1
Report
Zacccc
·2022-03-19
K
Reply
2
Report
Annalz
·2022-03-19
Add oil EV
Reply
1
Report
All in Tesla
·2022-03-18
Just matter of time Tesla will be the biggest of all EV makers combined 😂
Reply
4
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Eng22
·2022-03-18
Diff to make decision on tesla.
Reply
7
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Otahman
·2022-03-18
Like pls
Reply
4
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Soe Moe
·2022-03-18
Thanks
Reply
4
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Mushroom132
·2022-03-18
EV stocks are speculation.
Reply
3
Report
MSTAN
·2022-03-18
Agree 👍
Reply
3
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cwpang
·2022-03-18
Good
Reply
2
Report
cwpang
·2022-03-18
Good
Reply
1
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CIG
·2022-03-18
Yes, no sense. Anyhow hit and anyhow win or lose.
Reply
3
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LuckyPiggie
·2022-03-18
Many factors , political, emotional, fan club, earning quick bucks .so ya , make no sense. [LOL] [Glance] [Duh] what to do... afew person decide how the world turn n not mother Earth
Reply
5
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SanWangtikup
·2022-03-18
Yes
Reply
1
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ZELXEN
·2022-03-18
This article needs to recalibrate instead
Reply
2
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Yanosan92
·2022-03-18
Ok
Reply
1
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JuniorMaoz
·2022-03-18
The push for more environmental benefits from EVs still doesn't displace concerns about the battery that are to be disposed, the power powering the chargers etc. I feel that industries closely linkedas a product, like solar industries, copper and precious metals associated with it will also grow or shrink. Still the stocks are a good buy albeit going long cautiously. My Two cents worth.
Reply
6
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HaoHawHow
·2022-03-18
You don't bet against Elon
Reply
3
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OJC
·2022-03-18
To the moon
Reply
4
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Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NIO","symbol_name":"蔚来","start_time":0,"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","article_id":"1141156768","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","pubTimestamp":1647581958,"columns":[],"sourceInfo":{"source_id":"lsy1610680873436","name":"Barron's"},"weMediaInfo":null,"summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIO":"蔚来","RIVN":"Rivian Automotive, Inc.","TSLA":"特斯拉"},"translate_title":"电动汽车股票估值没有意义。是时候重新校准了。","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIO":0.9,"RIVN":0.9,"TSLA":0.9},"content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. 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Go up then sell.&nbsp;","text":"People playing EV just like gambling as in casino. Drop then buy more. Go up then sell.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034694036","repostId":1141156768,"repostType":2,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035448009,"gmtCreate":1647661944134,"gmtModify":1676534256899,"author":{"id":"3580985948385873","authorId":"3580985948385873","name":"Zacccc","avatar":"https://static.tigerbbs.com/999cc169af5695ac698ea1af4c2595dd","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"idStr":"3580985948385873","authorIdStr":"3580985948385873"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035448009","repostId":1141156768,"repostType":2,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035441706,"gmtCreate":1647661935989,"gmtModify":1676534256891,"author":{"id":"3580985948385873","authorId":"3580985948385873","name":"Zacccc","avatar":"https://static.tigerbbs.com/999cc169af5695ac698ea1af4c2595dd","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"idStr":"3580985948385873","authorIdStr":"3580985948385873"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035441706","repostId":1141156768,"repostType":2,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035505939,"gmtCreate":1647619877810,"gmtModify":1676534252064,"author":{"id":"3577089953267281","authorId":"3577089953267281","name":"Annalz","avatar":"https://static.tigerbbs.com/ffd285ab6189bb61da4b48c3e149eedc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3577089953267281","authorIdStr":"3577089953267281"},"htmlText":"Add oil EV","listText":"Add oil EV","text":"Add oil EV","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035505939","repostId":1141156768,"repostType":4,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035673720,"gmtCreate":1647595414729,"gmtModify":1676534248977,"author":{"id":"3577580366301047","authorId":"3577580366301047","name":"All in Tesla","avatar":"https://community-static.tradeup.com/news/8db11f6e6a9a2a52850e734188850dc2","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3577580366301047","authorIdStr":"3577580366301047"},"htmlText":"Just matter of time Tesla will be the biggest of all EV makers combined 😂","listText":"Just matter of time Tesla will be the biggest of all EV makers combined 😂","text":"Just matter of time Tesla will be the biggest of all EV makers combined 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035673720","repostId":1141156768,"repostType":2,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035649232,"gmtCreate":1647592456711,"gmtModify":1676534248540,"author":{"id":"4108361598123780","authorId":"4108361598123780","name":"Eng22","avatar":"https://community-static.tradeup.com/news/87702ff0fa20d55c9799c3d1e1f8a769","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":1,"idStr":"4108361598123780","authorIdStr":"4108361598123780"},"htmlText":"Diff to make decision on tesla.&nbsp;","listText":"Diff to make decision on tesla.&nbsp;","text":"Diff to make decision on tesla.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035649232","repostId":1141156768,"repostType":4,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035653807,"gmtCreate":1647590740006,"gmtModify":1676534248312,"author":{"id":"3567482716620513","authorId":"3567482716620513","name":"Otahman","avatar":"https://static.tigerbbs.com/dbd099972f177a5bb9c4f8a5666b4a77","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3567482716620513","authorIdStr":"3567482716620513"},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035653807","repostId":1141156768,"repostType":2,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035627365,"gmtCreate":1647589404159,"gmtModify":1676534248251,"author":{"id":"4102495852619650","authorId":"4102495852619650","name":"Soe Moe","avatar":"https://static.tigerbbs.com/2ec32d012109543a409943f7649e0469","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4102495852619650","authorIdStr":"4102495852619650"},"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035627365","repostId":1141156768,"repostType":4,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035622732,"gmtCreate":1647588601434,"gmtModify":1676534248173,"author":{"id":"4105696899481870","authorId":"4105696899481870","name":"Mushroom132","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4105696899481870","authorIdStr":"4105696899481870"},"htmlText":"EV stocks are speculation.","listText":"EV stocks are speculation.","text":"EV stocks are speculation.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035622732","repostId":1141156768,"repostType":4,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035626648,"gmtCreate":1647588313895,"gmtModify":1676534248052,"author":{"id":"4089461104605170","authorId":"4089461104605170","name":"MSTAN","avatar":"https://static.itradeup.com/news/1d0ff53a35c30afecbd1fa0c5ed59f07","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4089461104605170","authorIdStr":"4089461104605170"},"htmlText":"Agree 👍","listText":"Agree 👍","text":"Agree 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035626648","repostId":1141156768,"repostType":4,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035628207,"gmtCreate":1647587554699,"gmtModify":1676534248039,"author":{"id":"3582798820805021","authorId":"3582798820805021","name":"cwpang","avatar":"https://static.tigerbbs.com/5f1b9d2d614caf4bb2f4d62f3c9e7f7d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582798820805021","authorIdStr":"3582798820805021"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035628207","repostId":1141156768,"repostType":4,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035628837,"gmtCreate":1647587526261,"gmtModify":1676534248029,"author":{"id":"3582798820805021","authorId":"3582798820805021","name":"cwpang","avatar":"https://static.tigerbbs.com/5f1b9d2d614caf4bb2f4d62f3c9e7f7d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582798820805021","authorIdStr":"3582798820805021"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035628837","repostId":1141156768,"repostType":4,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035621970,"gmtCreate":1647587040460,"gmtModify":1676534248021,"author":{"id":"3583974841960176","authorId":"3583974841960176","name":"CIG","avatar":"https://static.tigerbbs.com/6c2077e2370e1ffcaca7e29b875be2be","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"idStr":"3583974841960176","authorIdStr":"3583974841960176"},"htmlText":"Yes, no sense. Anyhow hit and anyhow win or lose.","listText":"Yes, no sense. Anyhow hit and anyhow win or lose.","text":"Yes, no sense. Anyhow hit and anyhow win or lose.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035621970","repostId":1141156768,"repostType":2,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035621075,"gmtCreate":1647586922198,"gmtModify":1676534247998,"author":{"id":"4107063207857540","authorId":"4107063207857540","name":"LuckyPiggie","avatar":"https://community-static.tradeup.com/news/33330ac1fe6d6c956e10045c870d6f46","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"idStr":"4107063207857540","authorIdStr":"4107063207857540"},"htmlText":"Many factors , political,&nbsp; emotional,&nbsp; fan club, earning quick bucks .so ya , make no sense.&nbsp;[LOL]&nbsp;[Glance]&nbsp;[Duh]&nbsp;&nbsp;what to do... afew person decide how the world turn n not mother Earth&nbsp;","listText":"Many factors , political,&nbsp; emotional,&nbsp; fan club, earning quick bucks .so ya , make no sense.&nbsp;[LOL]&nbsp;[Glance]&nbsp;[Duh]&nbsp;&nbsp;what to do... afew person decide how the world turn n not mother Earth&nbsp;","text":"Many factors , political, emotional, fan club, earning quick bucks .so ya , make no sense. [LOL] [Glance] [Duh] what to do... afew person decide how the world turn n not mother Earth","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035621075","repostId":1141156768,"repostType":2,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035623952,"gmtCreate":1647586722195,"gmtModify":1676534247973,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"htmlText":"Yes&nbsp;","listText":"Yes&nbsp;","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035623952","repostId":1141156768,"repostType":4,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035629000,"gmtCreate":1647586403234,"gmtModify":1676534247939,"author":{"id":"3573468822732866","authorId":"3573468822732866","name":"ZELXEN","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573468822732866","authorIdStr":"3573468822732866"},"htmlText":"This article needs to recalibrate instead&nbsp;","listText":"This article needs to recalibrate instead&nbsp;","text":"This article needs to recalibrate instead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035629000","repostId":1141156768,"repostType":2,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035665403,"gmtCreate":1647585639445,"gmtModify":1676534247862,"author":{"id":"3561463564748224","authorId":"3561463564748224","name":"Yanosan92","avatar":"https://static.tigerbbs.com/e967a1d29978e7d8fd1ef3e46ddbbf86","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3561463564748224","authorIdStr":"3561463564748224"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035665403","repostId":1141156768,"repostType":2,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035665529,"gmtCreate":1647585606354,"gmtModify":1676534247862,"author":{"id":"4104570694140060","authorId":"4104570694140060","name":"JuniorMaoz","avatar":"https://static.itradeup.com/news/734f5b59e5d173386b2c3a557856d95a","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4104570694140060","authorIdStr":"4104570694140060"},"htmlText":"The push for more environmental benefits from EVs&nbsp;still doesn't displace concerns about the battery that are to be disposed, the power powering the chargers etc. I feel that industries closely linkedas a product, like solar industries, copper and precious metals associated with it will also grow or shrink. Still the stocks are a good buy albeit going long cautiously. My&nbsp;Two cents worth.","listText":"The push for more environmental benefits from EVs&nbsp;still doesn't displace concerns about the battery that are to be disposed, the power powering the chargers etc. I feel that industries closely linkedas a product, like solar industries, copper and precious metals associated with it will also grow or shrink. Still the stocks are a good buy albeit going long cautiously. My&nbsp;Two cents worth.","text":"The push for more environmental benefits from EVs still doesn't displace concerns about the battery that are to be disposed, the power powering the chargers etc. I feel that industries closely linkedas a product, like solar industries, copper and precious metals associated with it will also grow or shrink. Still the stocks are a good buy albeit going long cautiously. My Two cents worth.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035665529","repostId":1141156768,"repostType":4,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035665188,"gmtCreate":1647585391337,"gmtModify":1676534247847,"author":{"id":"4098788455583450","authorId":"4098788455583450","name":"HaoHawHow","avatar":"https://static.tigerbbs.com/dc08b83c4cf87507433274abc22e9ba6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4098788455583450","authorIdStr":"4098788455583450"},"htmlText":"You don't bet against Elon","listText":"You don't bet against Elon","text":"You don't bet against Elon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035665188","repostId":1141156768,"repostType":2,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9035665313,"gmtCreate":1647585354861,"gmtModify":1676534247839,"author":{"id":"3558657051587432","authorId":"3558657051587432","name":"OJC","avatar":"https://static.tigerbbs.com/12cbec786aa0456d41fb74009ec04a37","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":7,"crmLevelSwitch":0,"idStr":"3558657051587432","authorIdStr":"3558657051587432"},"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035665313","repostId":1141156768,"repostType":2,"repost":{"id":"1141156768","kind":"news","pubTimestamp":1647581958,"share":"https://ttm.financial/m/news/1141156768?lang=&edition=fundamental","pubTime":"2022-03-18 13:39","market":"us","language":"en","title":"EV Stock Valuations Make No Sense. Time to Recalibrate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1141156768","media":"Barron's","summary":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and th","content":"<html><head></head><body><p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.</p><p>Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.</p><p>Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&amp;P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.</p><p>Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.</p><p>That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.</p><p>What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.</p><p>Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.</p><p>The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.</p><p>At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.</p><p>Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.</p><p>Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.</p><p>Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.</p><p>Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.</p><p>There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stock Valuations Make No Sense. Time to Recalibrate.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stock Valuations Make No Sense. Time to Recalibrate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-ev-51647452629?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141156768","content_text":"Wild trading, due to a plethora of issues, has made it nearly impossible to track the valuations of electric-vehicle stocks like Tesla and Rivian. Recent ups and downs have shaken up the sector and the rankings of the most valuable, and the most highly valued, EV names.Take Wednesday. EV stocks are rising dramatically, by widely varying amounts. Tesla (ticker: TSLA) stock is up 4.3%. A nice gain, but Rivian Automotive (RIVN) stock is up 11.1%. And American depositary receipts of Chinese EV maker XPeng (XPEV) are up more than 26%.Two big things are driving EV stocks today. First, it’s a risk-on day for the market. The S&P 500 and Dow Jones Industrial Average are up 1.7% and 1.2%, respectively.Next, the Chinese government recently expressed a new desire to further support its domestic economy. That helped investors forget about some of their fears about the potential delistings of Chinese companies from U.S. exchanges, and focus more about improving demand in the world’s largest market for new cars and new EVs.That factor helps Chinese EV shares the most. NIO (NIO) ADRs are up about 21%. Li Auto (LI) ADRs have gained more than 27% in Wednesday trading, roughly matching XPeng’s gains. But it’s also fair to attribute some of the Tesla gain to the Chinese news, too, as Tesla sells cars in that country.What’s more, it’s also probably fair to attribute some of Rivian’s gain to the Chinese news. Rivian doesn’t sell cars in China, but all the EV players are linked, to some extent, by relative valuations. One EV stock going up can drive another EV stock up. The market always has an element of circular logic to it.Through all the price changes, Tesla remains the most-valuable EV maker by a factor of almost 10. Second is BYD (1211.Hong Kong), which has a market value of about $93 billion. Those two are the only two EV makers that produce consistent profits.The next most-valuable names, in order of descending market capitalization, are: Lucid (LCID); Polestar, which is merging with the SPAC Gores Guggenheim (GGPE); Rivian; NIO; Li Auto; and XPeng. Lucid’s market cap is about $39 billion. XPeng’s is about $23 billion.At the beginning of 2022, Rivian was in third place, Lucid was fourth, and the Chinese EV names were all worth more than Polestar. The changing ranking can’t really be explained by EV valuation. Valuations, frankly, are all over the place.Tesla, the bellwether, trades for about 10 times estimated sales. BYD, Lucid, Polestar, Rivian, NIO, Li, and XPeng trade for 3 times, 27 times, 11 times, 19 times, 5 times, 3 times, and 7 times, respectively. There isn’t an easy way to divine a pattern in any those multiples. Investors can’t correlate long-term-growth rates or near-term-profit expectations with the numbers.Instead, EV stocks have been tossed on a sea of issues. China and the overall stock market are driving Wednesday trading. But EV stocks have also been impacted by rising interest rates, inflation, and parts shortages. In addition, a spike in gas prices, caused in part by Russia’s invasion of Ukraine, have fueled more interest in EVs and EV stocks.Most of the 2022 developments have been negative. The EV stocks Barron’s tracks are down about 37% year to date on average.Another small negative impacting the sector in 2022 is changing EV incentives. EV purchase incentives fell, a little, in China beginning in 2022. And U.S. EV buyers are still waiting for President Joe Biden to pass some of his incentives from the Build Back Better infrastructure bill that didn’t make it through Congress.There is a lot going on in the EV space. Investors have to digest it all and come up with what EV stocks are worth. Investors could probably use a couple of weeks of calm trading to reset their expectations about absolute and relative valuations for all the players.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":150,"commentSize":22,"repostSize":0,"favoriteSize":3,"likeStatus":false,"favoriteStatus":false}}