To The Moon

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 or two. In the short term though, the EV makers are encountering much headwind from higher borrowing costs, rising costs of their raw materials, slowing demands on recession fears and a prevailing price war to capture and defend market shares. However, a silver lining for the Chinese EV trio $XPeng Inc.(XPEV)$ , $Li Auto(LI)$ and $NIO Inc.(NIO)$ seems to be appearing, as the Chinese economy appears to be recovering with regulatory pivot to more accommodative policies to attract foreign investments and spur growth in domestic consumption. I'll be watching closely for Li Auto's and Nio's earnings releases on 9 Nov and that of their peer Xpeng on 15 Nov for signs of growth and outlook on profitability. Across the Pacific Ocean, I prefer $Rivian Automotive, Inc.(RIVN)$ to Faraday Future, as the former continues to improve on its fundamentals with projected growth in its EV deliveries, which I hope to be sustainable over the years with the support of its major shareholder and e-commerce giant Amazon that is committed to decarbonizing its delivery fleet. On the other hand, $Faraday Future Intelligent Electric Inc.(FFIE)$ 's fundamentals have been deteriorating and it remains to be seen whether its management's promises on protecting shareholders' interests and delivering profitability will materialize over time, while its substantial at-the-market equity offering sales agreement remains an overhang on its stock price. @TigerStars @TigerWire @MillionaireTiger @CaptainTiger @VideoLounge @TigerEvents