The Future of EV makers stock Price..!There is no need to say Tesla is the best EV maker in the world, but it doesn't mean its current market cap of 676 billion dollars (share price 704 USD) is not far above what it should be!
Lets first define Bubble:
A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets.
This fast inflation is followed by a quick decrease in value or a contraction, which is sometimes referred to as a "crash" or a "bubble burst."
Bubbles are typically attributed to a change in investor behavior, although what causes this behavior change is debated.
all EV makers Stock price is lower than half of their price in comparison to 3 months ago.
Please read my EV makers analysis on February 18th, 2021 about the inevitable correction in EV makers' stock Price!
Post-EV-Bubble era!
I believe tesla makes the Gold standard for other EV makers, and all other tries to compete with Tesla, but don't forget, Toyota, Volkswagen, Daimler, General Motors, Ford, Hyundai, and Kia.
Conventional automakers upgraded themselves, and their new fully electric cars are on the roads or coming soon! This may not be worrisome for Tesla but could cause a huge negative impact on smaller EV makers specially NIO.
Sooner or later everyone will find out a company that produced 100k EVs so far can not have a 67.5 billion dollar market cap.
you may ask why??? Because Toyota motors with +10 million car/year and +300 million car production from its early start, has a 213 Billion dollar market cap..! Don't forget Toyota produced more hybrid car than any other company, and recently Lyft and Toyota Canada, in partnership with Toyota Credit Canada Inc., are teaming up in Metro Vancouver to make the Toyota Mirai — a hydrogen-powered, zero-emission vehicle (ZEV) — accessible to drivers on the Lyft platform through Toyota’s new KINTO Share program.
KINTO Share is a carsharing service that offers hybrid and fuel-efficient Toyota vehicles. Drivers who are interested in renting a vehicle while earning with Uber or an approved delivery provider can rent KINTO Share vehicles hourly or weekly.
Now, Let's compare EV makers' stock prices to Tesla. (Fisker, NIO, Xpeng, Li Aouto, CCIV)
NIO/TSLA:
FSR/TSLA:
CCIV/TSLA:
XPEV/TSLA:
LI/TSLA:
All and all, my long-term view for Tesla Stock is bearish as it was since early February 2021, but for others is even more bearish!
Moshkelgosha
