To The Moon

🌟🌟🌟Santa in the guise of Jerome Powell has arrived early this week as he indicated that 3 interest rate cuts are coming in 2024, bringing much cheer to the markets. The best performing EV that this week is $Rivian Automotive, Inc.(RIVN)$ as it is up a massive 19.4% in the past 5 days. This was due to the announcement of a new pilot deal with media giant AT&T to add the Rivian van and R1 platform trucks to its fleet early next year. This is a significant deal for Rivian as it marks the first new customer for its commercial vans beyond Amazon. Rivian has been delivering vans to Amazon for an exclusive 100,000 vehicle order. However Rivian has said that this exclusivity with Amazon was ending in its 3Q 23 earnings report in November 2023. Rivian shares have jumped 30% in just 1 month since its 3Q23 report after Rivian boosted its production guidance and a lower interest rate environment. In contrast $XPeng Inc.(XPEV)$ shares fell 7.5% to USD 14.47 on Friday due to news that Alibaba plans to sell part of its XPeng stake from 10% to 7.5%. However XPeng said that Alibaba's planned sale was due to its execution of its investment liquidity strategy mentioned in Alibaba's 3Q 23 and not due to a change in its view of XPeng. Nonetheless Alibaba still remains XPeng's 2nd largest shareholder. Alibaba will continue to collaborate with XPeng in areas including Cloud Computing. In June XPeng signed a strategic agreement with Volkswagen to develop 2 new EVs. Volkswagen is now XPeng 's 3rd largest shareholder. Even though XPeng's share was down this week, it is still up 42% year todate. $NIO Inc.(NIO)$ had a much better week with its shares up 6.6% in the past 5 days. Nio just announced on Friday that it will launch the Firefly brand in Europe in 2025. On Thursday, Nio said that it will enter the United Arab Emirates market in 2024 and is still in the planning stages for North America. Nio has just added another partner to its battery swap business after Geely Holdings and Changan Automobile. Nio however did not mention the car maker by name and said that it will announce after the signing soon. Nio share price is down 17% year todate. It looks like Nio is going to have a great 2024 with so many projects in place. $Li Auto(LI)$ was trading sideways this week. It is down just 0.48%. Li Auto said that it delivered a record 41,030 vehicles in November 2023. Li Auto reached 600,000 cumulative deliveries milestone on December 14 when it delivered 16,989 vehicles this month. This is a great record since its inception. Li Auto Q3 revenue beats estimates as it saw record quarterly deliveries. This is the 4th consecutive quarter that Li Auto has been profitable. Li Auto's share price is up 68% year todate. This week has not been good for $Faraday Future Intelligent Electric Inc.(FFIE)$ Even though it is up almost 2% on Friday, it is down 15% this week. Year todate it is down a massive 98%. Faraday underwent a reverse stock split of 80 to 1 in August. It even had a new CEO Matthias Ayd to revive the company. Faraday desperately needs help from Santa and hopefully by some miracles, it can pull through this tough patch. With the much anticipated 3 interest rate cuts next year, growth stocks like EV companies will heave a sigh of relief as loans and fundings will be less expensive. We are only 9 days to Christmas and the market sentiment is bullish and upbeat. I believe Santa will come and bring even more cheer to the markets next week and end the year with a flourish! It is Ho Ho Ho to Christmas and beyond! 🎅🎅🎅🌈🌈🌈🎆🎆🎆🎄🎄🎄💰💰💰 @Daily_Discussion @TigerStars @MillionaireTiger @CaptainTiger @Tiger_comments @Tiger_Earnings @TigerPicks @TigerClub @Tiger_SG