DWAC has alol teh charactheristics of being a SUper-Nova. It can rise many multiples but just as quickly inplode. I believe this happened the last couple of months. But it can also be the start of another star burst with the activities in the recent week. Possibly we may cross previous high before Christmas rally.Not an advice to trade. Just my personal observation.
$Digital World Acquisition Corp(DWAC)$This is purely for gamblers. You can make fats money. You can lose fast money. There really is nothing you are investing in when yoi buy into DWAC. Beware.
This is only proving that NIO and a few other EV’s are leading the charge in the global transition of transport electrification. I especially like NIO and XPeng for the fact that they are already commanding such a leading position in China. But the juice is in the rest ofthe world where they are just starting to go. This is only the beginning.
NIO delivered 8,083 vehicles in June 2021, increasing by 116.1% YOY
I think NiO has room to frow even more. Incoming competition will be playing catch-up to Tesla and Nio. In fact, being relatively smaller in size may present an attractive option for some of these industry giants to make an acquistion offer for Nio to buy their headstart.
Will Tesla Shanghai Auto Show Incident Be A 'Watershed Event' For Rise Of Local Rivals Like Nio, Xpeng?
EV stocks are down mainly because of production issues. The chips needed are in shortsupply, made worst by the fire in one of the largest ship factory plant in Japan. This gives ammunition to shortsellers to nake a move. That is how the shortsellers thrive.Also, VW is launching their EV brand. And they will be a major competitor, not just to the small EV’s but Tesla even. But all this is saying is EV is still the future. And those well-runned EV companies will see big growth. Have to be patient and not effected by short term actions. Always stay vested for long runs.