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Is the EV bubble about to burst?
HoustonHusky
Member Posts: 6,000
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...???
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...???
Comments
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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.
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Investors taking profits from growth stocks and cycling it back into value
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Powell telling Congress you need to "invest" above and beyond the additional spending for "economic recovery" means the printing presses are alive and well...
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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/
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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...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/
