I have some Tesla , and I believe it is able to reach 1000 high or more, but 1000 could be strong psychological resistance. Besides this, we can say that TSLA is a "bit" overvalued. Extremely high P/E and P/B ratio.
So if you anxious to invest in EV (electric vehicle) vision but you are fear of this overvalued situation in Tesla than there is plenty of opportunities. At first, bottomline that I buy an EV company which has a real product, not just a vision. Bottomline also that I believe in China. They will reach their target some year before the deadline(2030 X present of EV car), and I also think that as the Chinese are getting stronger they will prefer their own company against foreigners.
Ok, I love Nio, Li and Xpeng. Nio is one step forward at the moment and maybe it will be the leader in the upward momentum. After the IPO consolidation, Li and Xpeng are near the support zone. IPO mania has been priced out in the last months. Their selling numbers are getting higher, and there is an extremely large room for further growing
I think they will skyrocketing as Tesla did in the next 3, 5 or ten years and they will multiply itself.
They are real "buy and hold" stocks for me.
These forecasts were created to support you, but you have to make your trading decisions independently and invest in them is you like these companies and vision! Which one could be the winner or loser? Who knows? As nobody sees the future, I recommend you that always apply risk management during your trading and highly recommend the diversification!
So if you anxious to invest in EV (electric vehicle) vision but you are fear of this overvalued situation in Tesla than there is plenty of opportunities. At first, bottomline that I buy an EV company which has a real product, not just a vision. Bottomline also that I believe in China. They will reach their target some year before the deadline(2030 X present of EV car), and I also think that as the Chinese are getting stronger they will prefer their own company against foreigners.
Ok, I love Nio, Li and Xpeng. Nio is one step forward at the moment and maybe it will be the leader in the upward momentum. After the IPO consolidation, Li and Xpeng are near the support zone. IPO mania has been priced out in the last months. Their selling numbers are getting higher, and there is an extremely large room for further growing
I think they will skyrocketing as Tesla did in the next 3, 5 or ten years and they will multiply itself.
They are real "buy and hold" stocks for me.
These forecasts were created to support you, but you have to make your trading decisions independently and invest in them is you like these companies and vision! Which one could be the winner or loser? Who knows? As nobody sees the future, I recommend you that always apply risk management during your trading and highly recommend the diversification!