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Bearish or Bullish: Which direction will EV stocks go?
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EV Stocks

EV Stocks
Electric vehicles developed by $Tesla(TSLA.US)$ $XPENG-W(09868.HK)$ $XPeng(XPEV.US)$ $NIO Inc(NIO.US)$ $Lucid Group(LCID.US)$ may be seen as the future of private and public transport but there are a few concerns:
1) The designs and technology are new and safety problems may surface later on; there have been several accidents so far.
2) Future growth may have already been priced in, which makes the stocks expensive.
3) High volatility in the stock price.

With fear, uncertainty and doubt over future Chinese regulations and tapering on the Fed’s cards, I am bearish on EV stocks in the short term.

Disclaimer: The above is not financial advice and should not be taken as financial advice. Please do your due diligence and consult your financial advisor before making any investment decisions.

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