Hot EV Stocks - TSLA, XIAOMI & NIO
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.
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 fatal incidents since 2014.
The next few months are going to be very crucial for NIO. It needs to intensify its efforts to beat the 21k monthly sales figures the company saw between May and Nov 2024. Onvo clearly off to a bad start prompting change of its President.
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