To The Moon

Wall Street jumped this week after the Federal Reserve surprised investors by delivering its long-anticipated dovish pivot. The central bank on Wednesday at its last monetary policy decision of the year kept rates unchanged. More importantly, its updated dot plot signaled at least three rate cuts in 2024 and chair Jerome Powell refrained from dashing markets' dovish expectations.

The change in the Fed's tone helped build upon a rally that was ignited since the end of October. Though the Fed and other central bank action dominated headlines this week, the economic calendar also garnered some attention as data on inflation came in. On Tuesday, the consumer price index for November came in a shade higher than predicted, while matching expectations on a core basis. Then on Wednesday, the producer price index came in unchanged on both headline and core. The numbers indicated that a disinflation process was ongoing, and played their part in boosting rate cut hopes.

With the market bullish sentiment, I start to look good on the EV sector, especially after the significant and healthy pullback throughout this year. 🚗💨💨💨

The first choice will definitely be the leader $Tesla Motors(TSLA)$  . The profit is recovering and with the launch of Cybertruck, I believe the product will contribute to the revenue slowly even though the profit is pretty bad at this moment. With over 4 million vehicles equipped with Full Self-Driving (FSD) capabilities on the roads and an estimated 500,000 paying FSD customers, Tesla possesses a vast reservoir of data to continually enhance its machine learning algorithms.

Despite Tesla's confidence in this area, ongoing investigations by the NHTSA regarding several accidents raise legitimate concerns about the safety and reliability of the autopilot system. Anyway, I am still long term bullish for Tesla.

The EV market is very vast over the world, therefore the remaining EV makers still got a good chance of getting a piece of cake from the market share. I look good on the Chinese Trio $Li Auto(LI)$  $XPeng Inc.(XPEV)$  $NIO Inc.(NIO)$  and also $Rivian Automotive, Inc.(RIVN)$  .

Do you like EV stocks? Which is your top choice among the EVs? Come and leave your comments below.

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