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