EV Stocks slumped further after latest Middle East War escalation
$Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ The article reported that global oil and gold prices have jumped, while shares have slumped after US officials said an Israeli missile had struck Iran. Benchmark stock indexes in Japan, Hong Kong and South Korea also fell after the news.
EV stocks are not spared. US exchange after hour trade or 24 hour trade showed the sharp drop in share prices Li Auto: -6.85%, Nio:-4.00%, Xpeng -3.35%, Tesla 3.12%. HK exchange reported similar negative sentiment: Li Auto-W: -7.32%, Xpeng-W -3.35%, Nio -2.43%, BYD -2.44%
My take: EV stocks poor performance including Tesla is mainly due to geopolitical reasons like the escalation in middle east war and decrease in EV demand in China. There are unofficial reports that after-hour trade paused is probably due to the conflict. Many may sell due to panic when intraday trading resumes later - brace for impact!![]()
📉
Related article:
NIO Stock Plunges 50%: Is It Time to Sell or Buy the Dip?
NIO Stock Plunges 50%: Is It Time to Sell or Buy the Dip?
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
2689Followers
85Following
11KVisitors
Follow
ZnWC OP : $NIO-SW (09866.HK)$ share price continues to hit a new 52-week low AND historical low price of 29.25 HKD 2 days ago. According to Market Watch, the stock has fallen about 60% YTD.
ZnWC OP : $XPeng (XPEV.US)$ hit 52-weeks low 6.990 USD 2 days ago. In fact after-hour trade today break another low record 6.930 USD. According to Market Watch, Xpeng fell more than 50% YTD.
103492747 : Good this info
sc koh : yeah ..going to selling 35k looking how by today