To The Moon

As climate change continues to accelerate and its devastating impacts increase, we must act now to reduce our carbon emissions. Since the transport sector contributes to global emissions, transitioning to electric vehicles (EVs) may significantly aid countries in achieving their net-zero goals. While much attention is given to the consumer market, the role of commercial vehicles, and specifically large-scale fleets, is crucial. The electric vehicle revolution is gaining momentum thanks to various factors such as cost reduction, technological advancements and government support. TESLA Over the past 18 months, Tesla has missed its sales goals and seen its share price fall, as Chief Executive Officer Elon Musk makes dramatic decisions about the company's future. Musk cut the price of Tesla cars, fired much of the team behind its Supercharger network, and hinted that Tesla will pursue a robotaxi to position itself as more of an AI company than an automaker. Tesla daily chart Let's look at the Tesla chart shown above, just a long boring consolidation phase for the share price for the month of June. 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. 13 June of the vote of Elon's compensation package might cause the share price to be volatile too! BYD Since BYD stopped making gas-powered vehicles in 2022, the automaker has quickly become a leader in China's surging EV market. Although BYD is best known for its affordable EVs, it is quickly expanding into new popular segments like mid-size SUVs, luxury, and pickups. BYD daily chart For BYD, the share price broke out from its short term downtrend resistance line (drawn in Orange colour) earlier this week. Also, for this round, the share price seems to hold pretty well above its EMA200 trendline. Towards the end of the week, the stock pulled back healthily to retest the previous resistance which turned into a support now. With the improved EV sales in the China market, I am bullish for $BYD COMPANY(01211)$ and I believe the stock hit 240 KHD next week! Gogogo BYD! XIAOMI To meet delivery demands, Xiaomi's automotive factory plans to start double-shift production in June, with the monthly delivery volume expected to exceed 10,000 units. Assuming it achieves an annual production capacity of 100,000 units in 2024, Xiaomi will set a new delivery target of 120,000 units. Xiaomi plans to complete the construction of 143 service centers in 86 cities and increase the number of retail stores to 219, covering 46 cities, by the end of 2024. Xiaomi daily chart Xiaomi has a stronger chart pattern if compared to Tesla and BYD. It is in an obvious uptrend since early March. This week, the rebound in Xiaomi share price hasn't taken place yet. Now, it is still at its dual 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, $XIAOMI-W(01810)$ has to rebound next week and I believe it will, therefore a bullish vote for it. Do you prefer the older classic leader Tesla le new Chinese EV leaders like BYD or Xiaomi? @Tiger_comments @MillionaireTiger @CaptainTiger @TigerStars @TigerGPT