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One man’s poison is another man’s cure?
@pekss:With the United Auto Workers’ strikes threatening to shut down production lines of major conventional car makers, if its demand for wage increases as high as 40 percent is not met, no signs of a deal closure are in sight yet despite negotiations progressing in earnest, a clear beneficiary is the electric vehicle industry which has resisted unionisation. The brewing storm for the incumbents may hence be good news for electric vehicle startups the like of $Faraday Future Intelligent Electric Inc.(FFIE)$ and $Rivian Automotive, Inc.(RIVN)$ that are in need of any catalyst to bolster their weakening fundamentals. A clear winner would be $Tesla Motors(TSLA)$ which has benefited from a most recent upgrade to $400 per share, a high water mark for the stock on Wall Street, as analyst from Morgan Stanley lauded its artificial intelligence initiative that will drive the next phase of growth for the electric car maker. Across the Pacific Ocean, hopefully $XPeng Inc.(XPEV)$ and $NIO Inc.(NIO)$ stock prices will be buoyed by the latest encouraging economic data from China. Despite a number of false starts, hopefully the Chinese economy recovery will be back on the right footing and bring back market sentiments and drive up its domestic demands for electric vehicles. @TigerWire @TigerStars @MillionaireTiger @CaptainTiger @TigerEvents
One man’s poison is another man’s cure?Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.