EV east vs west
Stocks of electric vehicle makers are for the brave hearts, and their volatile swings make for trading opportunities.
Despite their volatility, their long-term growth remains intact alongside growing global awareness of climate change and tightening of emissions controls, so that adoption of electric vehicles remains on the rise.
I’m particularly optimistic over the Chinese EV market given its sheer size and incentives for EV adoption. Hence, by proxy I like the Chinese EV stocks $NIO Inc.(NIO)$
Nio’s newly launched world-first smartphone designed with car-specific features to enhance driver experience with its EV is expected to help the Chinese EV maker differentiate from its peers.
However, the same cannot be said of their peers $Faraday Future Intelligent Electric Inc.(FFIE)$
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The demand for Nio stock is so high that unlike other companies were price dropped 50% after such an announcement Nio stock only dropped mid double digits. It means we going to the moon!
Don’t chase stocks on the rise. Buy good stocks at the bottom. If you miss the boat, they’ll be another one right behind it. Don’t panic.👉👉
Xpev and Nio had been using the dual listing in HK to manipulate the SP. This stock is a bear trap.
Rivian fell after surprising earnings. Even a slight miss in 3Q numbers could send this tumbling
Li, Xpev, Tesla share price all increased Between 70%-90% YTD.Nio - 12%!!!