To The Moon

🌟🌟$Tesla Motors(TSLA)$ is expected to report its 3rd quarter production and delivery figures on Monday with analysts slashing Tesla's delivery forecasts recently. Tesla may miss estimates due to planned factory shutdowns and soft demand that led it to reduce prices. Tesla's share price was up 1.56% last Friday and an impressive 131% year todate. With the ongoing automaker workers strike in the US affecting the Detroit Big 3 Ford, GM and Stellantis, Tesla is set to benefit as it has non unionised workers in the US. Tesla's Cybertruck is also slated for release around end of Q3 according to Elon Musk. That would also positively impact its share price too. $Li Auto(LI)$ has just announced last week that it delivered 36,060 vehicles in September 2023, representing an increase of 212.7% year over year and setting a new monthly record. This brought Li Auto's 3rd quarter deliveries to 105,108, up a massive 296.3% year over year. The cumulative deliveries of Li Auto vehicles in 2023 reached 244,226 as of end September. According to Xiang Li, Chairman and CEO of Li Auto, the company achieved record high weekly and monthly sales performance as well as a new high order intake with over 40,000 orders received in a single month. Li Auto's price was up 3% last Friday and a huge 69% year todate. Analysts are bullish on Li Auto rating it a BUY with a Target price of USD 54.10, a 40% upside potential. $XPeng Inc.(XPEV)$ delivered 15,310 vehicles in September, the Q3 deliveries is the 2nd highest on record. Model G6 delivered 8,132 units in September, contributing 53% of XPeng's monthly deliveries. XPeng delivered 40,008 vehicles in the 3rd quarter, the 2nd highest on record. Deliveries for the quarter were up 35.3% year on year and 72.41% from the 2nd quarter. XPeng launched the first customer deliveries of Xiaopeng G9 in 4 European countries - Norway, Sweden, the Netherlands and Denmark. XPeng is also set to benefit from its partnership with Volkswagen to develop 2 new models and Volkswagen USD 700 million investment of XPeng. XPeng's share price closed up 6% last Friday and is up a massive 80% year todate. Analysts have a Buy rating with a Target price of USD 25.40. $NIO Inc.(NIO)$ delivered 15,641 vehicles in September 2023, increasing 43.8% year over year. Nio delivered 55,432 vehicles in the 3rd quarter, increasing by 75.4% year over year. According to Reuters, Nio held exploratory talks with Mercedes Benz which would involve Mercedes Benz investing in Nio in exchange for its technology and research and development capabilities. Earlier this year, Nio's Founder and CEO William Li discussed a potential collaboration with Mercedes CEO Ola Kaellenius. In June Nio announced a partnership agreement with CNOOC to build EV charging infrastructure. CNOOC is China's 3rd largest Oil Producer. Nio has also announced a partnership with CYVN Holdings, a smart mobility focused investment vehicle owned by the Abu Dhabi government. The latter would invest USD 738.5 million into Nio. Nio's share price was up 1.46% last Friday but down 6% year todate. Analysts are bullish on Nio with a Buy rating, Target price of USD 14.24. $Rivian Automotive, Inc.(RIVN)$ Share price was up 5% last Friday and an impressive 19% in the past 5 days. Rivian is up 40% year todate. Rivian is set to announce its 3Q vehicle deliveries on October 3. Analysts believe that Rivian's Q3 2023 deliveries would reach 14,000 compared to 6,584 units in Q3 2022. In 2019, Amazon has made a USD 1.345 billion investment in Rivian which gave Amazon exclusive rights to the Battery Electric Delivery Van Rivian is building in addition to the R1T pickup truck and R1S SUV. Rivian's current share price is a far cry from its IPO's share price of USD 179.47 on November 16, 2021. Analysts are also bullish on Rivian with A Buy Rating, a Target Price of USD 42.15, an upside potential of 40%. Even though there is currently an intense competition in the EV arena, EV companies will continue to grow exponentially in the future. An EV drive train contains around 20 moving parts. In contrast, the traditional internal combustion engine (ICE) typically have more than 2000 parts and is more labour intensive. EVs also is better for a cleaner and greener Earth. So in the future, EVs would be the norm while our regular ICE vehicles would be eventually be phased out. EV companies are definitely on the rise and is set to change the world in a big way. However it is important to choose wisely which EV companies to invest in. My Top Pick would be Tesla as it is currently the Number 1 EV company in the world. @Daily_Discussion @TigerStars @MillionaireTiger @CaptainTiger @Tiger_comments @Tiger_Earnings @Tiger_SG @TigerClub