Act Fast: Get $24,000 Off
Modestly high inflation reports and strong jobs reports are not fooling the everyday consumer. Demand for luxury items that are nice to have fell off a cliff.
This led me to write this article, EV Flop, Which Of These 4 Will Fall To Zero.
After it failed to secure funding, the exchange de-listed the stock, triggering a repayment deadline for its debt. Fisker responded by slashing prices of its vehicle by up to $24,000:
Fisker is the first to fall to ~ zero.
View Fisker Stock Research Here.
Bottom line:
Tesla will survive in the end. It had first-mover advantage into the EV market nearly 15 years ago.
Reddit Trade Update
Hedgeye downgraded RDDT 0.00%↑ yesterday.
How RDDT and DJT connect:
SPAC Trade
In lieu of the successful (DJT) de-SPAC, read about AST SpaceMobile (my article posted today). It fell from $10 after the de-SPAC to close well below the $3ish recent stock offering.
ASTS is a 5G Communications supplier in space. When it posts results on April 1, watch its cash burn rate.
Warnings
China propped up its stocks and currency during Chinese New Year to 'save face.' Yesterday, foreign investors sold nearly $1B in stock.
The fierce price war among PDD, Alibaba, and JD continue. PDD is trouncing the latter two.
Stock Research Here. Subscribe for the stand-alone $99/year research (recommended).
Avoid China EV stocks. Yellen is about to warn China not to dump EVs and solar panels on the global market.
In the media sector, DIY analyzes the impact of AI and the ad recession. Spot the buy: