To The Moon

High interest rates can have both direct and indirect effects on the electric vehicle (EV) industry:

Financing Costs: High interest rates increase the cost of borrowing for EV manufacturers, suppliers, and consumers. This can lead to higher financing costs for EV production, which may impact the profitability of manufacturers and increase the price of EVs for consumers. Higher prices can reduce demand and slow down the growth of the EV industry.

Consumer Affordability: Higher interest rates can make it more expensive for consumers to finance the purchase of electric vehicles. This can reduce the affordability of EVs and discourage potential buyers from entering the market. As a result, the demand for EVs may decrease, affecting the sales and growth of the industry.

Investment Decisions: High interest rates can influence investment decisions in the EV industry. Investors may be more cautious about investing in EV companies or projects due to the higher cost of borrowing. This can impact the availability of capital for research and development, manufacturing expansion, and infrastructure development, potentially slowing down the progress of the EV industry.

Competition with Traditional Vehicles: Higher interest rates can make traditional gasoline-powered vehicles relatively more attractive compared to EVs. If the cost of financing a traditional vehicle is lower than that of an EV, consumers may opt for conventional vehicles instead. This can hinder the adoption of EVs and impede the growth of the industry.

It's important to note that the impact of high interest rates on the EV industry can vary depending on other factors such as government policies, incentives, technological advancements, and consumer preferences. Additionally, the specific effects may differ across different regions and markets

$iShares Self-Driving EV and Tech ETF(IDRV)$ pnf shows it is at the resistance zone of the mar high. if it retreats, it will fall back to 29. 

$Tesla Motors(TSLA)$  pnf shows it is also at the resistance zone of the mar high. if it retreats, it will fall back to 161. 

$Invesco QQQ Trust(QQQ)$  pnf shows it too is at the resistance zone of the mar high. if it retreats, it will fall back to 321. 

stagflation is haunting the fed and they might follow the ecb to cut interest rates or they could slow down the unwinding of the fed balance sheet. 

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

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