Have You Bought Your Chinese Made Electric Car?
Maybe you ever heard of NIO, LI, HPEV?
Goal: Discuss the market euphoria currently taking place
Recently and interesting phenomenon is occurring in the stock market. Chinese electric vehicle stocks are soaring. A while back I heard that there are 300+ electric vehicle companies in China. Take a look at the three graphs above.
The stock market has made up its mind that EV will be the way. The market also believes that these three companies are a direct competitor to Tesla.
Is that reality?
These companies are probably wonderful companies. BUT I don’t see anyone driving down the street in a Nio. I am sure in China there are Nio cars for sale.
So pumping them up in order to break them down is just a game. The market is playing this game cruelly with the American investors and traders. Pump them up and when the sheep believe that they are going to continue straight up, cut the legs from under them. That is why and how the market is being manipulated.
Tesla at $500 is probably overvalued. Some of these analysist are pumping it up to be $1000. If that happens then Musk will be wealthier than Bezos.
Is that realistic?
You might not like how Bezos because he is killing most large businesses BUT he is at least providing products and not a single product. He is ruthlessly strategic and can out maneuver most if not all CEOs.
Bezos is to competitive price what Jobs used to be on creative design. A killer!
SO we don’t have a realistic market. These companies are benefiting in the short run and will eventfully suffer the fate of tulips.
My two cents….(this is what I earned from Medium.com in October 2020)
I got to go…my future self alarm went off
Robert Trajkovski is professional with experience in leading people and projects in Steel/ Power, Refining, Chemicals, Industrial Gasses, Software, Consulting and Academia. He has worked for both owners and engineering companies. In addition, he has instructed 73+ courses at several institutions and often offers his courses for free on LinkedIn.
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