𝐂𝐚𝐧 𝐰𝐞 𝐬𝐭𝐢𝐥𝐥 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐮𝐩𝐬𝐢𝐝𝐞 𝐢𝐧 𝐭𝐡𝐞𝐬𝐞 𝟐 𝐬𝐭𝐨𝐜𝐤𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐬𝐞𝐜𝐭𝐨𝐫 𝐭𝐡𝐚𝐭 𝐡𝐚𝐬 𝐬𝐞𝐞𝐧 𝐭𝐫𝐞𝐦𝐞𝐧𝐝𝐨𝐮𝐬 𝐠𝐫𝐨𝐰𝐭𝐡?

 

Since we covered Tesla and Nio about a month back, we have seen prices for both of them surging by more than 30% – 40%.  😄

 

The uptrend continued strong and fast with some occasional profit taking..📈📈

 

Joey here, Top Tier Remisier in Phillip Securities.

 

SO where are we now and why are we seeing strength in these companies.

 

 

 

Fundamentally, 𝐓𝐞𝐬𝐥𝐚 is pretty much focused on sales in the US market and with it’s technology way ahead of its competitors. 🏎

 

𝐍𝐈𝐎 on the other hand is tapping on the massive population in China with the government’s backing with sales figures growing rapidly and hitting records each month.. 🏋️

 

Imo, these 2 EV companies could just be the start of something much bigger given the 𝐠𝐢𝐯𝐞𝐧 𝐭𝐡𝐞 𝐦𝐚𝐬𝐬𝐢𝐯𝐞 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐨𝐟 𝐭𝐡𝐞 𝐞𝐧𝐭𝐢𝐫𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 and,

with EV sales set to account for a much larger portion of total sales in the world…

 

From the 5% figure we are seeing now to more than 40% in the next 10 years…

 

Technically, we also had some 𝐬𝐢𝐠𝐧𝐚𝐥𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝟏𝐆𝐓 𝐬𝐲𝐬𝐭𝐞𝐦, see what they are as i dive in the charts for each of them to see where we are now.

 

Targets has been hit but may be revised higher.

 

Watch here >> https://youtu.be/7GhEd7Zz5zM