Ishares Self-Driving Ev And Tech Etf Stock Discussion

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Why investors are using car makers as a trading opportunity and car makers' shares are revving up?
US car assembly line workers have been on strike since Friday and walked off the job at Ford $Forward Industries (FORD.US)$ , GM $General Motors (GM.US)$, Stellantis $Stellantis NV (STLA.US)$ - the compan...

Chinese EV makers back on track for growth
Shares of Chinese electric-vehicle startups have rebounded from losses in May as of Wednesday, June 8. $NIO Inc (NIO.US)$, among other names, has retaken about 75% from the recent bottom of $11.67 on May 12, 2022.
China's electric-vehicle startups reported stronger delivery figures in May and expect continued growth in June as supply chains and output begin to recover from a Covid-19 induced slump.
$NIO Inc (NIO.US)$ , ...

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$Ishares Self-Driving Ev And Tech Etf (IDRV.US)$ buying shares every payday

Exchange-traded funds focused on electric vehicles could catch some momentum from the massive infrastructure bill Congress passed on last Friday, which contains billions in new spending for the industry.
The roughly $1 trillion package allocates $7.5 billion to build out a network of EV chargers and another $7.5 billion for low or zero-emission buses and ferries.
Electric-vehicle ETFs have done well this year, taking in twice the amount of investor flows than they did in 2020. But interest seems to be waning suddenly. A basket of electric car and battery funds have seen net outflows of $25.8 million in November.
- according to Bloomberg Intelligence.
That recent trend could reverse due to the infrastructure package, as it focuses on developing the EV ecosystem, according to Todd Rosenbluth, head of ETF and mutual fund research at CFRA. He's eyeing both the $Global X Autonomous & Electric Vehicles ETF (DRIV.US)$and $Ishares Self-Driving Ev And Tech Etf (IDRV.US)$.
“The funds own not just automakers like $Ford Motor (F.US)$, $Toyota Motor (TM.US)$ and $Tesla (TSLA.US)$ but also technology and communications services companies that are part of the supply chain as well materials companies making lithium.”
- Todd Rosenbluth wrote in an email.
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The EV sector got a big jolt in late October when $Hertz Global Holdings, Inc. (HTZZ.US)$ announced an order of 100,000 Tesla vehicles, which drove the Tesla's market valuation past $1 trillion. Electric truck maker $Rivian Automotive (RIVN.US)$'s valuation passed $100 billionon second day of trading. When $Tesla (TSLA.US)$ went public 11 years ago its market value was less than $2 billion, showing just how far ambitions for electric-vehicle companies have come.
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Source: Bloomberg

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