My argument for incumbents is they already have a large userbase that's familiar with them, and they have an existing source of free cashflow unlike the pure-EV plays which means they're less risky, considering how bloated the pure-plays are because they're valued like "it's gonna be the next Tesla!"
Reminder, $特斯拉 (TSLA.US)$ IPOed at only $1B.
Meanwhile, $Rivian Automotive (RIVN.US)$ / $Lucid Group (LCID.US)$ were at one point $100B companies despite having nothing to back it up.
Consider the foll...

2022年5月23日當周表現最佳的板塊將是什麼？
$納指100ETF-Invesco QQQ Trust (QQQ.US)$ $SPDR 標普500指數ETF (SPY.US)$ $雪佛龍 (CVX.US)$ $特斯拉 (TSLA.US)$ $沃爾瑪 (WMT.US)$

高盛賣出了價值105億美元的股票，導致了價值250億美元的抛售。包括的公司有：
$騰訊音樂 (TME.US)$ 
$百度 (BIDU.US)$ 
$維亞康姆CBS (VIAC.US)$ 
$唯品會 (VIPS.US)$ 
$探索頻道-B (DISCB.US)$ 
$Farfetch (FTCH.US)$ 
$愛奇藝 (IQ.US)$ 
$跟誰學 (GSX.US)$

大盤走勢
帳戶盈虧
持倉詳情
交易統計
$PDD 210319 140.00P$交易詳情
$PDD 210319 150.00P$交易詳情

$Ocugen (OCGN.US)$ 今天早上6.1眼睁睁地看他长到10十。錢要25号才到帳，心疼啊