Confirmation Bias.

TSLA is a follow the cult leader stock. Nobody ever calls their own cult leader crazy. It’s alwAys the other guy:devil:

The irony is that if this wave keeps on going, I might be able to afford a Tesla. Or is NIO and XPEV thinking of selling EV's in the NA market eventually?

Long road ahead if they do want to join the NA market. Personally I don't think they will focus their energy and resource at this stage to pass the regulatory and safety requirement require to sell in NA. None of the Chinese car manufacture EV or not has made it way ashore NA.

But honestly why would they at this stage. The Chinese market is huge, If they manage to dominate the Chinese market. That would already justify its valuation, just a little bit.

Still thinking $550 by EOY? I could see it going higher if people ride this wave.

Yeah, $550 was a conservative outlook.

If momentum holds, $600-$650 seems possible.

too bad i sold all of my tesla when it crashed in september with its volaitility. kicking myself now but lucky enough i made up for it in nio stock.

There's a difference between being competitive than outright illegal.

Elon says a lot of shit and has feud with many other CEOs like Jeff Bezos and an ego larger than Earth, but that's just being competitive among his peers. Deep down, he's still an engineer at heart and he drives firmly with first principles thinking.

Tesla single-handily defined the EV industry. Without it, all the hype of EV companies such as NIO/XPEV wouldn't have existed. People aren't buying these stocks because they believe they are the next Tesla. They are just riding the EV positive sentiment wave and speculate on smaller cap players because Tesla is too expensive now. And Tesla has the technology, scale, expertise and talents to continue to define what EV, or transportation as a whole is all about. What did NIO/XPEV announce that would separate them from the competition? Nothing... no major vertical integration... no major technology breakthrough or work in progress.

Last time NIO announced anything major was for a battery swap station... an idea that Tesla had done and scrap it altogether... because it wouldn't make financial sense. (every facility needs to be enormous to store all the battery packs. You can install many more charger in the same space/budget)

XPEV didn't spend big bucks to hire ex-Tesla/Apple engineers because of their talents, but because they could bring the works those companies have done. If only one... ok... I'd give to personal greed, but that was 2 engineers from two separate major techs focusing on the EXACT same tech. Too much to just be a coincidence.

They might be a great pick in short term to speculate on, but it's not what I'd consider for long term investments. Too much risk and unknowns. You never know what's going to be the headline for it the next day.

I realize we might be all holding onto the same positions during these past few months lol.

Anybody still holding onto airlines or oil? FeelsGoodManFeelsGoodMan

Not holding any Canadian oil but I have YPF

I have ENB lol

I have been holding onto SOLO since $2.55. Tempted to just unload it now.....

The positive I see in NIO is their battery swap service, which takes 3 minutes. In such a populated, dense country, I see it very difficult for residents to charge their vehicles in the first 10 years of going EV.

I thought about it when Tesla decided to drop the plan of battery swap after demo-ing a fully operational prototype.

The problem I think comes down to the cost and efficiency.

Let's say it's 3min to change, and 30min to charge each battery pack. At any given time, such station needs to have 10 batteries. Tesla has 1000 supercharger locations in US/Canada alone (and expanding). That means that if Tesla were to do it, they need to put 10,000 battery packs sitting in those stations. Let's just say it's a single 100kw pack for simplicity (software locked to each car's spec), that's 1M kw... you might be able to optimize a bit depending on data, but still..

Tesla was working somewhere around $160 per KW on their batteries at cell level. That means 160M of capex just to fill those stations and ever expanding. Then there's the logistic of transporting those batteries around because they do go bad and you'd need to be constantly switching them out for repair/conditioning. A truck fleet with a system to load those packs is again an investment easily tens of millions.

Then the station itself... you need space to store those batteries. You either go horizontal or vertical for space. Digging is cost prohibitive, so it's either up of sideways... in either cases, each station would take some significant space. And because you need to have a storage for those, you limit where the equipments can be installed. A supercharger can be installed in an underground garage with minimal modification. Once the real estate problem is solved, how much would a swap equipment cost? Easily a few hundred thousands each, not including the charging part.

Charging part is irrelevant as both cases need those. But that means you have so much extra cost per station...

In the end, I believe Tesla would try to solve the charging wait time by introducing better batteries that can charge faster. However, a battery swap station's time is nearly static... there won't be much changes... it would always be roughly 3min to change it.

And not everyone needs to charge it fully... it's often just to top up enough juice to get to the destination or next stop.

One'd prefer to have a battery swap if thinking from an ICE car perspective.

But I've owned a Model 3 for more than a year now... and I usually plan my routines... if I need to drive more the next day, I'd make sure to plug in at night so I'd wake up to a fully charged car. If not... I just wait until it's below 30% before plugging in. And if I ran close to dry... I'd just find one of the charging stations around (either level 2 or level 3 or Superchargers). And that's with a very limited charging stations. Once EV becomes more mainstream and charging points are everywhere... the charging problem would go away as one could charge every time they park the car.

AC up 10% since yesterday

bought AC when it was 15 a few weeks ago.. sold about 1/3rd of my shares @ 20.. happy i'm still holding 2/3rds now.

Pump and dump. The thing makes no sense, why have 2 doors? It’ll be too costly to manufacture here, and in what volume? People just see a cheap ev stock and buy.

Here’s a pic I took at the crusher.

As well, maybe there may be a bit of a wave for NCL since vaccine is just around the corner?

[QUOTE=GIZZ;9008275]Pump and dump. The thing makes no sense, why have 2 doors? It’ll be too costly to manufacture here, and in what volume? People just see a cheap ev stock and buy.

Not really. For myself, I like to have intrinsic values with that company before I dump all my money in it.

USA federal cannabis legalization bill to get a congressional vote next week.

VERY screeching up the charts ... go vegetarians and vegans! Got in late at $4 but still pulling hard at 80% gains over 2 weeks!

Woe .. BB shot up like 44% in one day ??!! What happened, somebody buy them out?

Probably because of this

https://globalnews.ca/news/7494362/b...ware-platform/

:fullofwin:

Hallelujah ... took a while for BB to dig themselves out of the hole but ... go baby go!

AC ripping

if i have a US cash account, would it be okay to buy canadian stocks that are still OTC in my US cash account? any repercussions?