chowstar
voted
“In the fourth quarter, we produced over 439,000 vehicles and delivered over 405,000 vehicles. In 2022, vehicle deliveries grew 40% YoY to 1.31 million while production grew 47% YoY to 1.37 million.”
I realize lots of people have Tesla fatigue but this is a pretty important inflection point.
With heavy end of quarter discounts, tesla still significantly missed on deliveries. This is the end of the exponential growth story and if this stops being valued as a growth stock, look ...
I realize lots of people have Tesla fatigue but this is a pretty important inflection point.
With heavy end of quarter discounts, tesla still significantly missed on deliveries. This is the end of the exponential growth story and if this stops being valued as a growth stock, look ...
chowstar
commented on
$Lucid Group (LCID.US)$ being investigated by SEC
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$Grab Holdings (GRAB.US)$ is a joke. Say thanks to all the bagholders. Without your love & support, no way they can exit
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chowstar
commented on
$Altimeter Growth Corp (AGC.US)$ not EV, not meta verse, not chipmaker… just a superapp. not part of the theme play probably a wrong timing for grab
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chowstar
liked
$Lucid Group (LCID.US)$ can't really wrap my head around the negative comments behind this stock. It is unfair to compare LCID to Tesla since LCID is just trying to get going. There is plenty of room in the EV market for growth and anyone who owns a Tesla at the moment would probably make the argument that the build quality is very poor. I don't think LCID will initially be built for the masses but for those who can afford and want luxury and good built quality behind their EV.
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chowstar
liked
$Futu Holdings Ltd (FUTU.US)$ $UP Fintech (TIGR.US)$ $Robinhood (HOOD.US)$After initially unscathed from the crackdown on internet platforms, the regulatory risk seemed to be rearing its ugly head for the Chinese online brokerages. The subsequent rapid rebound in online brokerages $Futu Holdings Ltd (FUTU.US)$and $UP Fintech (TIGR.US)$provided a strong rebuttal to naysayers including yours truly.
Sun Tianqi, head of the Financial Stability Department at the People's Bank of China (PBOC), echoed my reservations at a financial forum over the previous weekend. He specifically highlighted (in Chinese) certain securities trading institutions that provided securities investment services overseas mainly to domestic investors were conducting "illegal financial activities" when they did not obtain the relevant domestic licenses.
"According to professional media reports, 80% of the deposit accounts of Company A registered in the Cayman Islands are from China, and 55% of Company B registered in Hong Kong. From the perspective of business nature, cross-border Internet brokerages are driving without a license in China and are illegal financial activities." - Sun Tianqi (translation by Google)
Sun explained that financial institutions such as China's securities firms "dare not provide services similar to the cross-border delivery model in the United States." Hence, it does not make sense for foreign registered brokerages to offer services to Chinese domestic users.
Nevertheless, I don't think it's fatal for Futu Holdings and UP Fintech if they can't serve their Chinese accounts in the future. Futu still has nearly half its customers overseas and its Moomoo trading app is popular thanks to the rich features it offers. UP Fintech, better known as Tiger Brokers, has rapidly increased its overseas customer base. Its trading app is also welcomed by users.
In the U.S., $Robinhood (HOOD.US)$is having a rough time as well following lackluster quarterly results and guidance. HOOD stock fell 21.7 percent over the past month. FUTU and TIGR stocks fared worse, with both down nearly 40 percent in the same period.
Sun Tianqi, head of the Financial Stability Department at the People's Bank of China (PBOC), echoed my reservations at a financial forum over the previous weekend. He specifically highlighted (in Chinese) certain securities trading institutions that provided securities investment services overseas mainly to domestic investors were conducting "illegal financial activities" when they did not obtain the relevant domestic licenses.
"According to professional media reports, 80% of the deposit accounts of Company A registered in the Cayman Islands are from China, and 55% of Company B registered in Hong Kong. From the perspective of business nature, cross-border Internet brokerages are driving without a license in China and are illegal financial activities." - Sun Tianqi (translation by Google)
Sun explained that financial institutions such as China's securities firms "dare not provide services similar to the cross-border delivery model in the United States." Hence, it does not make sense for foreign registered brokerages to offer services to Chinese domestic users.
Nevertheless, I don't think it's fatal for Futu Holdings and UP Fintech if they can't serve their Chinese accounts in the future. Futu still has nearly half its customers overseas and its Moomoo trading app is popular thanks to the rich features it offers. UP Fintech, better known as Tiger Brokers, has rapidly increased its overseas customer base. Its trading app is also welcomed by users.
In the U.S., $Robinhood (HOOD.US)$is having a rough time as well following lackluster quarterly results and guidance. HOOD stock fell 21.7 percent over the past month. FUTU and TIGR stocks fared worse, with both down nearly 40 percent in the same period.

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$Roblox (RBLX.US)$ the benchmark of metaverse! Buy when below 80, sell when above 90.
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chowstar
liked
$Futu Holdings Ltd (FUTU.US)$ can see the shortlist is back. be careful. DYODD
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