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$Lucid Group (LCID.US)$ $NIO Inc (NIO.US)$ $Tesla (TSLA.US)$ $Rivian Automotive (RIVN.US)$

$NIO Inc (NIO.US)$ Losing money in this stock ? Sell or invest more?

US bank stocks surged after the Federal Reserve indicated potential interest rate cuts in 2024. The S&P 500 bank index rose by 4.4%, reaching its highest level since March. $Wells Fargo & Co (WFC.US)$ and $Bank of America (BAC.US)$ Global Research also raised banking sector price targets following the Fed's announcement. The $KBW Nasdaq Bank Index (.BKX.US)$ and its Regional Bank counterpart $Spdr Series Trust S&P Regional Bkg Etf (KRE.US)$ have incr...

On the morning of June 12th, $NIO Inc (NIO.US)$announced a price reduction of ￥30,000 RMB for all its models, but the four times free battery swaps service previously provided by NIO will no longer be offered as a standard right and will be switched to a 6-year or 150,000 km warranty. In other words, future NIO owners will need to pay for battery swaps. The purpose of this price reduction and service adjustment is to urgently boost the continuously dec...

Shares of Chinese electric vehicle (EV) maker Li Auto have more than doubled from last year’s low and are tipped for further gains even as a slowing economy and price war hamper its rivals.
The automaker unexpectedly reported profits for the past two quarters by churning out a regular lineup of new models and keeping costs contained. Analysts remain bullish: $Citigroup (C.US)$ predicts the firm’s shares will climb another 88 per cent by year...