Will stocks of the EV makers drive to highway next week?

So shareholders have just approved Elon Musk's $45 billion pay package in a vote of confidence of his indispensability to helm the electric vehicle leader to greater heights. His supporters have claimed that he is so integral to the EV maker's success that the stock price would plunge if the vote were to be defeated. With the overwhelming support, Elon Musk should now be motivated to refocus his energy on $Tesla Motors(TSLA)$   and steer its out of prevailing macro headwinds, so I believe that its stock price may be buoyant in the coming week.

A rebounce may be in sight for the Chinese EV startup trio $NIO-SW(09866)$ $XPENG-W(09868)$  and $LI AUTO-W(02015)$  , and their latest but formidable peer $XIAOMI-W(01810)$  , as the Chinese EV industry set its eyes to dominate the global market. With the prevailing price war easing, hopefully, this will reverse earlier downward spiral in profit margins among the Chinese EV makers and help to improve their profitabilities.It also helps that the Chinese EV makers are adept in containing their costs. With waning domestic demands and intensifying local competition, they have also been turning their eyes on overseas markets. In fact, they have been taking the world by storm with their EVs that are much cheaper than competing western models. Hence, I believe that current weaknesses in their stock price may present buying opportunities for their long-term growth.

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  • Great analysis on the EV market
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  • High hopes
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  • moobug
    ·06-18
    thanks
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