self explanatory. So much hype and greed surrounding this stock now. All the other EV stock are correlated as well like LINASDAQ:KNDINYSE:XPEVNASDAQ:TSLA, etc. Another classic bubble; So many of them in succession now: crypto, cannabis, big tech, and now EVs. Just like the others this one should pop relatively soon.
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HORACEJUNIOR 100% right, i left out the favorites NKLA and WKHS. Ohter fantastic examples.
Nice. You nailed the NKlA Call so here’s to your alternative energy radar :) shorted NIO Wednesday for similar reasons. But I’m expecting to see some red for a while.
trickykid
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NIO and LI are not bubbles, they are gonna be the biggest car manufacturers in China soon. Also read about NIO's battery as a service feature. Nobody has it so far. This is a big advantage considering it makes car price 10k less. Then take a look at deliveries figures and you will become confident about Nio and Chinese EV market.
horacejunior
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@trickykid, but NIO and LI are literally the actual definition of bubbles! I totally get that they have value. But this is a company that once cancelled their earnings call because they lost so much money. There’s nuance. Bubbles don’t mean companies don’t have potential. Amazon was in a bubble in 2000 and look at it now. Way higher. Nio will probably see higher prices at some point too but it’s hard to argue it’s not in a speculative bubble right now. The charts’ parabola sort of says it all, no?
MysteriousPersian
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@horacejunior, I wish more people understood this nuance. Bubbles /= shitty company
@Partheev, They might have actual products but there is nothing to justify such absurd market capitalizations. TSLA fundamentals don't justify being worth half a trillion dollars lol