Ok first of all, I am not crazy into EV automobile stocks. Eg. Tesla, Nikola, Nio, Xpeng, Li Auto, BYD…
I just think these are still pretty speculative. Nevertheless I have been toying with the idea of a ‘Story fund’. More on that in the future. In the meantime, it is just reading and getting to know the companies behind the stocks. Frankly, I think they will always be overpriced given the hype. Probably the next market correction or crash will offer some level of margin of safety. Till then… fingers crossed.
As mentioned in one of my previous post titled “The Market Pendulum“, I mentioned that I will be reading the book titled ‘Insane Mode” by Hamish Makenzie.
Well, after finish reading the book, I was introduced to a number of emerging EV car makers throughout the world (eg. predominately in the US, Europe and China). Even traditional carmakers like BMW, Nissan, Toyota, GM and Volkswagen are going into the race.