Is the EV bubble about to burst?

HoustonHusky

TSLA down 10% this morning on top of the losses yesterday...my shite NIO is down 17%.

This the day of reckoning for a lot of this, or this just a large nudge to Powell to guarantee the printing presses will stay running 24/7 in his testimony...???

PurpleThrobber

TSLA probably down due to Elon's Excellent Adventure with bitcoin and the fact Lucid Motors just inked a deal with Churchill.

The Churchill/Lucid Motors SPAC is kind of some bullshit but also some come uppance for the greedy reddit bros. Once the SPAC starts trading like a stock, there's risk it goes up and goes down daily.

Lesson: If you're getting into a SPAC, get into the motherfucking SPAC as an early investor not some backside speculator down the road. There's still upside there if/when the SPAC completes a reverse merger with a good target company but there's also downside risk if some big dog money comes in at favorable terms.

Ax @creepycoug for the shady securities attorneys who can hook you up with founders' shares. Better yet, find a Canadian securities attorney who specializes in CPCs. Those dudes have the scam down to a science.

ntxduck

Investors taking profits from growth stocks and cycling it back into value

HoustonHusky

Powell telling Congress you need to "invest" above and beyond the additional spending for "economic recovery" means the printing presses are alive and well...

creepycoug

This guy thinks it's interest rate forecasting, at least as it relates to NIO:

https://www.fool.com/investing/2021/02/23/why-nio-xpeng-and-li-auto-stocks-are-trading-lower/

HoustonHusky

creepycoug said:

This guy thinks it's interest rate forecasting, at least as it relates to NIO:

https://www.fool.com/investing/2021/02/23/why-nio-xpeng-and-li-auto-stocks-are-trading-lower/

I absolutely hate NIO, and yet I own it. Its the epitome of everything wrong with today's market/economy and is basically a large transfer of funds from the US to China. I got my initial investment out long ago (and looking back way too soon...) but I also figure its rigged to win in China, and with that will keep trending up. Was thinking about getting out more when it hit a market cap of $100 Billion but that looks to be a little ways out now...