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Monthly Journal: Traders' Insights Wanted!
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EV stocks sell-off after Middle East War Latest Escalation

$Tesla(TSLA.US)$ $XPeng(XPEV.US)$ $NIO Inc(NIO.US)$ $BYD COMPANY(01211.HK)$ EV stocks at US stock exchange faced sell-off after Israel's Iran attack as reported by US officials. Later the attack was played down as calibrated under US pressure. You can read here:
Xpeng: Share price fell 3.35% and hit 52-week low of  6.86 USD
Nio: Share price fell 5.00% and hit 52-week low of  3.710 USD
Li Auto: Share price fell 9.60% and hit low of 26.20 USD since 10 May 2023
Tesla: Share price fell 1.92% and hit 52-week low of 146.22 USD
Rivian: Share price fell 2.27% and hit 52-week low AND Historical low of 8.26 USD
EV stocks at HK stock exchange are not spared:
Xpeng-W: fell 7.38% and hit 52-week low 26.95 HKD
Nio-SW: fell 1.79% and hit 52-week low AND Historical low 29.25 HKD
Li Auto-W: fell 7.40% and hit low 105.00 HKD since 31 Jan 2024
BYD: fell 2.04%
My take: Although the main reason for EV stocks faced downtrend was caused by lower in EV demand in China, the Middle East War escalation was the trigger to the huge sell-off yesterday. It is fairer to compare the EV stock performance under the same industry.
EV stocks sell-off after Middle East War Latest Escalation
EV stocks sell-off after Middle East War Latest Escalation
EV stocks sell-off after Middle East War Latest Escalation
EV stocks sell-off after Middle East War Latest Escalation
EV stocks sell-off after Middle East War Latest Escalation
EV stocks sell-off after Middle East War Latest Escalation
EV stocks sell-off after Middle East War Latest Escalation
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    I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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