To The Moon

Price Increase for EV! Finally Tesla decide to make the first step to raise its EV selling price after some periods of price war among EV manufacturers. Tesla stock is well off its 52-weeks high of $299.29, set last summer. Shares are up this week after the electric-vehicle maker announced a coming price increase on its Model Y, while offering some deals on the same vehicles. Both things have the effect of shifting sales volume into the first quarter. The move came after it was reported that the cost of Model Y vehicles made in China would rise by 5,000 yuan, from the beginning of April. Tesla has made similar announcements about Y pricing in the U.S. and Europe recently. Those price increases also are set to take effect in the coming days. The earlier price announcement moved Tesla stock up this week. The price increases could be a signal to investors too. Tesla could be trying to focus more on margins instead of volumes. If the price increases stick, it adds in Tesla earnings per share too. Investors would welcome higher margins, as Tesla's price cuts have resulted in lower profitability. For such I am bullish for Tesla $Tesla Motors(TSLA)$ . Technical wise, the share is having a consolidation phase between 160-178 USD. TSLA daily chart How about the other EV makers? Let's look at the Chinese Trio, most of them experienced a significant drop in sales volumes this month and adjusted their forecast to a lower value. That's the reason that caused their share prices to tumble over the week. Firstly, for NIO, the share price comes to a double bottom support at around 4.90 USD. The stock should rebound here technically and I believe short term rebound will happen next week as this support will attract in quite a number for technical buyer $NIO Inc.(NIO)$ . The collaboration with CATL on the battery is another stimulus to the company. NIO daily chart However, for $XPeng Inc.(XPEV)$ , the share price broke below the uptrend line recently, which represents a short term bearish movement. The good earnings seem like not able to give enough confidence to its shareholder. The gap down signal on Friday is another bearish sign confirmation. XPENG daily chart For $Li Auto(LI)$ , the company has recently lower down its sales forecast, causing the share price to tumble over the week and closes at its lowest last night. I think this bearish situation will continue u til the next major support at around 27 USD area. LI daily chart Last but not least, let's look at so far the worst EV player in the market, FFIE. Surprisingly, this falling knife doesn't seem to stop and keep falling deeper and deeper. The risk to catch such share will be extremely high, highly not recommended. If to trade, it will be purely a technical play. By looking at it's technical chart, the share had a massive rebound on last Thursday with a significant volume (probably 5 times more than previous daily average). A massive buyers flow in and might cause the share price to trend higher next week. Anyway, this will be purely a bullish guess for FFIE $Faraday Future Intelligent Electric Inc.(FFIE)$ according to the candlesticks. FFIE daily chart Well, hope you guys enjoy reading the EV topic today. Kindly share your points of view below with us. Do you think the other EV makers will raise their selling prices following Tesla's move? @TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion @Daily_Discussion @Tiger_comments @TigerPicks