To The Moon

EV demand is probably undergoing a J-Curve effect currently. Surging demand for clean, cheap EVs across the rest of this decade will completely change the global auto industry. By 2035, IEA projects 50% of all cars sold globally will be EVs, cutting oil demand between 6-10 million barrels per day, equivalent to the current amount used for road transportation in the U.S. The price differential between EVs and internal combustion engines running on fossil fuels has narrowed so fast that upfront sales prices are barely different. With cheap electricity displacing expensive oil costs, drivers can save big by driving electric. Let's look into a few leaders in EV industry today. TESLA Tesla is preparing to register its 'Full Self-Driving' software with authorities in China in the run up to its planned rollout of the technologically advanced feature this year. The U.S. electric vehicle maker is also considering selling the software as a monthly subscription to users of its cars in China, its second-largest market. Tesla's push to roll out FSD in China also would "pressure other EV startups to accelerate their research and development Tesla daily chart Let's look at Tesla chart above, just a long boring consolidation phase for the share price for the month of May. The good news is Tesla share price is able to stay close and above all its short to mid term EMA line (10; 25; 50). The near term support will be around 160 USD. For me, I continue to be bullish for $Tesla Motors(TSLA)$ as the company fundamental remains strong and the fan out of its FSD feature will be a revenue booster. Stay tuned! BYD BYD launched on Tuesday the latest version of a plug-in hybrid technology that improves fuel and cost savings, intensifying competition with the likes of Toyota and Volkswagen that still sell mainly gasoline cars. BYD, together with other Chinese EV makers, is posing more of a challenge to Japanese automakers in overseas markets. BYD daily chart For BYD, the share price was resisted by its short term downtrend line (orange coloured) last Friday. The good thing is that BYD manages to stand back to its EMA200 trendline which is usually an indication of trend reversal. Last week, the Chinese market performed poorly but BYD was among the outperform stocks in the market. With the improved EV sales in China market, I am bullish for $BYD COMPANY(01211)$ and I believe the stock can break out the downtrend line next week! Gogogo BYD! XIAOMI The success of Xiaomi's automotive division signifies the brand's ability to deliver high-quality products. The SU7, their inaugural EV, has captured consumer attention with its sleek design, cutting-edge technology, and impressive performance. The ever-growing order list reflects the enthusiastic reception Xiaomi's EVs have received. This surge in production reflects Xiaomi's commitment to becoming a major player in the ever-evolving EV market. With their first model exceeding expectations, the upcoming release of their second car is sure to generate significant excitement. Xiaomi daily chart Xiaomi has a stronger chart pattern if compared to Tesla and BYD. It is in an obvious uptrend since early March. For the first time in 3 months, the share price pullbacked over 15%. Now, it is at its double support level, firstly by the EMA50 trendline, and secondly by the neckline support. Both of these supports remain close, at around 17.22 USD. In order to maintain its bullish pattern, Xiaomi has to rebound next week and I believe it will, therefore a $XIAOMI-W(01810)$ vote for it. Do you prefer the older classic leader Tesla or new Chinese EV leaders like BYD or Xiaomi? @TigerStars @MillionaireTiger @CaptainTiger @Tiger_comments @TigerGPT @Daily_Discussion