To The Moon

1. $Sea Ltd(SE)$ Sea Limited is enjoying a 15-month uptrend. This company's core international e-commerce biz Shopee focuses on Southeast Asia and South America - largely unaffected by Trump's trade war tariffs. They also have a booming fintech business SeaMoney and a profitable gaming biz Garena Image2. $Roundhill China Dragons ETF(DRAG)$ & $Roundhill Magnificent Seven ETF(MAGS)$ The crazy thing is that the outperformance of Chinese tech has improved over past few weeks even as they fell victim to Wall Street’s selloff. DRAG now doing 45% better than MAGS since the start of the year. Image3. $Roundhill Magnificent Seven E

1. $Tesla Motors(TSLA)$ This could very well be the blessing in disguise for TSLA which is now up 5% after Trump suggests Elon’s departure from DOGE soon. But if you think this means good times are back for the company, think again. It all depends on how fast Elon can show the market how he’s laser focused on returning Tesla to growth and improve profitability. Getting to the top is hard. Staying there is vicious.2. $Xiaomi Corp.(XIACY)$ Looks like a convenient excuse to take profits from a stock that gained 70% since the start of the year as of 3/19/25. If we’re going to sell a n EV maker because of unfortunate fatalities, then nobody would have made a fortune in TSLA when it was involved in over 670 fa

$Tesla Motors(TSLA)$ 's China sales bounced back almost 200% in March to 78,828 units vs. Feb after last month's production halt due to new Model Y preparations. Year-on-year sales fell 11.5%. Weekly insurance registrations jumped to 20,700 in the week ending March 30. That's about where Tesla needs it to be to be consistent with its large number of preorders/reservations for the new Model Y. Let's see how these new registrations hold up in the coming weeks. If it stays consistently above 20k, it's a good sign of healthy demand even in the face of strong competition from $BYD Co., Ltd.(BYDDY)$ $Xiaomi Corp.(XIACY)$ $NIO Inc

$NVIDIA(NVDA)$ is not looking too great on the charts. Coincidentally, $Alibaba(BABA)$ $BABA-W(09988)$ 's Joe Tsai called out what he saw was an AI bubble forming in the US. Meanwhile, the AI boom is firmly taking root in China where open-source models like DeepSeek are allowing companies to develop at a fraction of the cost that US companies have to contend with.Image

Some are saying China’s bull market is in danger of ending because of risks that stimulus will disappoint. Well, I don’t think so. PBoC has plenty of room to stimulate if the need arises. And I’ve noticed that they are more sensitive to market developments these days than they were 5 to 10 years ago.Foreign Investment are no longer fleeing. They are flowing back into China in record pace. Unfortunately, more than a few “influencers” are trying to stoke fear again among investors in Chinese equities. The more they do this, the more it makes me feel bullish.China’s stimulus is massive and can get a lot bigger. The property market is clearly on the mend. Retail sales just posted improvements in Jan/Feb period with online retail sales +7.3%. Caixin mfg PMI was up to 50.8 in Feb while services

The Internet is open source. It unleashed untold trillions in economic activity and unquantifiable benefits to humanity. AI is being open sourced in China.It will likely unleash the same for that country in the coming decades.For those that choose to keep AI closed-source to get the most profit and valuation today, it risks the development of the AI-driven economy down the road.

Not surprised that it would be BofA that would be coming out with nonsense like this. A “meaningful correction due to similarities with the 2015 boom and bust cycle” flies in the face of one of the strongest stimulus measures unleashed by Beijing since the 2008 GFC.Retail sales are picking up with online sales +7.3% in 2M25. Caixin PMIs show expansion both in services and manufacturing. Fixed asset investment growth accelerating. The real estate market is recovering with T1 cities seeing price gains YoY. Not to mention the impact that DeepSeek and other AI models are expected to have on the economy - something being touted for in West with ChatGPT etc. Like I said, you can’t say that AI will be a massive multi-trillion-dollar boon for one country and not have any effect on another. Especia

If $Apple(AAPL)$ 's waning sales in China are any indication of Chinese consumer appetite for US brands, $Tesla Motors(TSLA)$ has some challenges ahead. We'll have weekly NEV insurance figures out tomorrow. If that doesn't pick up substantially from the previous week, it's one sign that actual demand isn't as strong as 200k reservations for Model Y facelift suggested. ImageJP Morgan expects TSLA to report its worst quarterly deliveries in three years:“We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly."

1. $Apple(AAPL)$ Apple has an image problem.It wants to project an image as a growth stock - a forward PE ratio of 30X.But it is no longer a growth stock. Its TTM revenue growth over 3 years is 3.9%, while its TTM FCF is flat.It's a cash machine for sure. But does a cash machine deserve to trade at 30X forward PE?Image2. $Tesla Motors(TSLA)$ Over the last 4 years, China’s pure batter EV sales have been rising while enduring the same seasonal dips. (Chart 1)Over the same period, Tesla has hardly grown sales beyond its 80k monthly peak. (Chart 2)This isn’t the performance of a company gaining market share. The opposite in fact is happening.Image

$Tesla Motors(TSLA)$ reports receiving 200K orders for its facelifted Model Y in China, which started production on Feb 18 and deliveries on Feb 26.While encouraging, it's important to note a "large number" of these orders are for refundable deposits. They don't guarantee that many Model Y sales - cancellations are common in China where brands aggressively compete for consumer attention.It's also encouraging that weekly insurance registrations for Tesla from Feb 24 to Mar 2 grew 77% week-on-week to 12,700 units. That's about on par with Tesla's weekly domestic sales in 2024.Given the production lines for both Model 3 and facelifted Model Y are already up and running, and assuming pent-up demand from launch orders of the Model Y, we should see thes