The largest US pension is loading up on Nikola and Zoom. Chinese EV XPEV jumped last week on earnings bringing NIO and LI right along with it.
They pulled back around 10% and LI pulled back 4%.
The institutional interest and nowhere really to go but up on increased deliveries, much like Tesla was fighting in their early days, it makes sense to look at ATM calls several months out.
NIO seems to be the prime player and other articles give it a bull case with the pull-back ATMs make sense.
Happy Trading...
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