To The Moon

Following $Rivian Automotive, Inc.(RIVN)$ 's and $Li Auto(LI)$ 's earnings releases for their previous quarters, $Faraday Future Intelligent Electric Inc.(FFIE)$ , $XPeng Inc.(XPEV)$ and $NIO Inc.(NIO)$ shall be next in line to report theirs on 14, 15 and 21 November respectively. Despite my optimism on the prospects of electric vehicles amidst tightening emissions controls by many developing and developed economies, growing global awareness of climate change and fuel price’s heightened by escalating geopolitical conflicts, the rising expectations of higher-for-longer interest rates to rein in the sticky inflation and a looming recession have been slowing demands and dampening expansion plans. The prevailing price war ignited by the incumbent Tesla to grab a bigger slice of the stagnant EV market has forced its smaller peers to do the same in their desperate bids to defend their market shares, leading to profit margin erosion for all players in the EV industry. The stock prices of Rivian and Li Auto have been on down trends since their earnings announcements, and may be precedents of the stock prices of Faraday Future, Xpeng and Nio, which I doubt will be spared when they report theirs. In fact, I’m particularly pessimistic on Faraday Future which has been struggling under financial distress. With deteriorating cash flows, the EV maker has been missing deliveries. Its commitments to protect shareholders’ interests and return to profitability appear to be distant promises to me. @TigerEvents @VideoLounge @CaptainTiger @MillionaireTiger @TigerWire @TigerStars