To The Moon

In the 38th week of the year (ending 23rd of September), the United Auto Workers (UAW) union discussed intensifying its strikes against the "Big Three" - Ford ($Ford(F)$), General Motors ($General Motors(GM)$) and Stellantis ($Stellantis NV(STLA)$) - by going beyond a single assembly plants for each carmaker to plants that produce more profitable vehicles such as Ford's F-150, GM's Chevy Silverado and Stellantis' (Dodge) Ram on Friday. The initial strike by UAW was unprecedented: the union had never initiated action against all three carmakers simultaneously before. As of Friday of the 38th week, 38 plants within the “Big Three’s” manufacturing ecosystem in the U.S. h

Buying EV stocks is like having a roller-coaster ride! Most of the EV companies remain unprofitable and yet they are still burning more cash to build up on their infrastructure and expansion. A recent example is NIO trying yo raise US$3 billion from its investors. Furthermore, the ongoing price war is likely to hurt their profit margin even further and they are likely to remain unprofitable in the near future. Like most new industries, eventually only a few companies would emerge victorious! A few EV companies (Lordstown Motors, Proterra) have declared bankruptcy recently and I'm sure there's more to come. Unlike Tesla, most EV companies clearly have issues scaling up their production significantly. The competition in the EV market has intensified as numerous traditional car markers (Merc