2 Trading Pros Make The Case For Nikola, Nio Over Tesla In EV Stock Race
2 Trading Pros Make The Case For Nikola, Nio Over Tesla In EV Stock Race
The electric vehicle space is getting more crowded and Tesla Inc (NASDAQ:TSLA) may no longer hold the top play in the space, according to two pros.
Tesla Could Become 'Another Car Company': Electric truck maker Nikola Corporation (NASDAQ:NKLA) is the first "real interesting" company to compete with Tesla, BK Asset Management Director of FX Strategy Boris Schlossberg said on CNBC. Specifically, Nikola's claims to offer consumers a 600-mile range makes it an "interesting viable competitor."
But it's too difficult to justify an investment in Nikola or anyone else in the space as the "stratospheric valuation" makes owning a stock a "lottery ticket," he said. Nevertheless, if Nikola's final product offers 70% of what it promises, it can challenge Tesla's reputation and transform it into just "another car company and not a fan-boy stock."
Nio Over Tesla: Shares of China-based Nio Inc (NASDAQ:NIO) bottomed at $2.11 in March and has since increased in value six-fold. From a technical analysis perspective, the stock has good support at July's low of $10.46 and so long it stays above there, the stock could race to new highs, Oppenheimer Head of Technical Analysis Ari Wald also said on CNBC.
Compared to Tesla, Nio's stock offers a better setup.
"The stock has consolidated since peaking in July and I think this consolidation, it's allowing previously overbought conditions to recede," Wald said. "It's allowing the moving averages to catch up to the price and I think what you're going to see is a resumption of the uptrend."
Want to learn more? Check out Benzinga's line up of high-profile executives leading the EV industry in the video below:
The electric vehicle space is getting more crowded and Tesla Inc (NASDAQ:TSLA) may no longer hold the top play in the space, according to two pros.
Tesla Could Become 'Another Car Company': Electric truck maker Nikola Corporation (NASDAQ:NKLA) is the first "real interesting" company to compete with Tesla, BK Asset Management Director of FX Strategy Boris Schlossberg said on CNBC. Specifically, Nikola's claims to offer consumers a 600-mile range makes it an "interesting viable competitor."
But it's too difficult to justify an investment in Nikola or anyone else in the space as the "stratospheric valuation" makes owning a stock a "lottery ticket," he said. Nevertheless, if Nikola's final product offers 70% of what it promises, it can challenge Tesla's reputation and transform it into just "another car company and not a fan-boy stock."
但是，由於「平流層估值」使擁有股票成為「彩票」，因此很難證明對尼古拉或該領域的其他任何人進行投資。儘管如此，如果尼古拉的最終產品提供 70％ 的承諾，它可以挑戰特斯拉的聲譽，並將其轉化為「另一家汽車公司而不是粉絲男孩股票」。
Nio Over Tesla: Shares of China-based Nio Inc (NASDAQ:NIO) bottomed at $2.11 in March and has since increased in value six-fold. From a technical analysis perspective, the stock has good support at July's low of $10.46 and so long it stays above there, the stock could race to new highs, Oppenheimer Head of Technical Analysis Ari Wald also said on CNBC.
特斯拉尼奧： 以中國為基礎的股票尼歐公司 （納斯達克：NIO）3 月觸底為 2.11 美元，此後價值增加了六倍。從技術分析的角度來看，該股在 7 月份的低點 10.46 美元處有良好的支撐，並且長期停留在該處以上，股票可能會飆升到新高，技術分析負責人阿里·瓦爾德（Ari Wald）也在 CNBC 上表示。
Compared to Tesla, Nio's stock offers a better setup.
與特斯拉相比，Nio 的股票提供了更好的設置。
"The stock has consolidated since peaking in July and I think this consolidation, it's allowing previously overbought conditions to recede," Wald said. "It's allowing the moving averages to catch up to the price and I think what you're going to see is a resumption of the uptrend."
沃爾德說：「自 7 月份達到峰值以來，該股票已經整合，我認為這種整合使之前的超買情況可以消退。」「它允許移動平均線趕上價格，我認為您將看到的是上升趨勢的恢復。」
Want to learn more? Check out Benzinga's line up of high-profile executives leading the EV industry in the video below:
想了解更多？在下面的視頻中查看 Beninga 由引領電動車行業的知名高管組成的陣容：
譯文內容由第三人軟體翻譯。
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