Citron founder Andrew Left, known for a few short calls, recommended shares of Nio, now worth $ 45 each, to $ 7 two years ago. It now lacks the name and says of recent gains in multiple electric vehicle manufacturers: “The fact is that retail investors are taking it all in to be the next Tesla.”
Evelyn Cheng | CNBC
Beware, Tesla.
Morgan Stanley expects double-digit gains for China’s electric vehicle stocks, given strong projected growth as the industry moves rapidly toward technology upgrades.
“China’s electric vehicle (electric vehicle) competition will be more than a technological battle in 2021,” analysts said.
For the new energy passenger car market, analysts increased their forecast by about 200,000 vehicles to 1.7 million in sales in China this year, up 41% from the previous year. NEVs or new energy vehicles include plug-in hybrids and electric vehicles.
“The NEV market is giving more importance to hardware and software technology functions in 2021,” Morgan Stanley said in a Jan. 28 report.