Competition heats up in EV market

In Ticker TV's Market Watch, moomoo Market Strategist Jessica Amir discusses how Xiaomi has intensified the competition in the EV market and posed a challenge to Tesla, alongside the response of Tesla shareholders to decreasing sales. Additionally, she also explores Apple's venture into robotics and its potential influence on future innovation.

Intensifying Competition: Xiaomi's latest EV poses a formidable threat to Tesla, it offers longer range, quicker charging (just 5 minutes), and a more affordable price compared to Tesla's offerings.

Tesla's Struggles: Despite its dominance, Tesla is experiencing significant sales declines. This decline is attributed to increased competition from companies like Xiaomi, raising concerns about Tesla's future profitability and market share.

Investor Confidence: Despite Tesla's challenges, investor confidence remains high. Cathie Wood's bullish investment in the company, purchasing 130,000 shares, reflects this confidence in Tesla's long-term prospects.

Apple's Robotics Venture: Apple's foray into robotics adds a new dimension to the technological landscape. While details are currently limited, this venture hints at innovative solutions for household tasks.

The Future Outlook: With competition heating up in EVs and robotics, the future of technology promises exciting developments and transformations.

Click the image to view the full interview (Recorded on March 28th).