I've been in an out of EV stocks for the last year or so. Sold my XPeng that I bought for $6.65 and bought a little Fisker today for $5.97 even though it's already up ~50% off bottom just because I think the Ocean is a fantastic vehicle. Size of an EQE and available with a battery pack bigger than in an EQS that supposedly can go 440 miles. You can tell they put a lot of thought into road tripping in this vehicle. It has flat surfaces that pop out so you can put things down without them ending up on the floor and the infotainment screen rotates from tablet to widesscreen mode so you can watch a TV show or movie while charging. It even has doggie windows in the back. The solar roof just put it over the top... may only be 4 miles a day but some days that's all I drive. I can't wait to get one. Wish I had pre-ordered the launch edition.

I'm tempted to buy QuantumScape as I'm sure solid state batteries will be the next evolution but looks to me like Toyota will win that race as they know how to mass produce at a very large scale.

 

I couldn't decide if I liked EVGO better than CHPT so I bought both. I've owned both before though so we'll see how long I hold onto them this time. Seemed like a good (re)entry point anyways.

 

I may have jumped the gun a little. That's OK though, I bought more EVGO and stuck with my original CHPT bet. I personally think PlugShare alone is worth the current stock price but it's hard to value a "killer app". One thing's for sure, if they **** this up it'll be a management failure of monumental proportions.


In ascending market value order (smallest position to largest)

 

Well it's been nice chatting, no really. FWIW tho, I doubled down on my EVgo bet at $3.75 this morning. Not buying any more ChargePoint for now. Fisker I got a good chunk of already.

Cya l8tr!
?B^)

 

Was a little more than double actually.. so that's fixed. Still dunno what to do with CHPT. I just don't feel compelled to buy more right now. No FOMO on that one. Seemed like EVGO might not dip below $4 again after last earnings report though so glad I got the opportunity to add to my position and average down.

 

What! Nothing? Oh well, I guess I'll just have to keep making piles of cash all by myself.

Boom, zoom, straight to the moon!

 

What a first hour of trading this morning! ChargePoint had bad earning and all the EV stocks dropped. EVGo was down 10% at one point when I doubled my double which I guess is quadruple. LOL I now own more of it than Fisker. I couldn't resist doubling down on the cause of all the mayhem too when it hit $5. I'll unload it next week before the Arm IPO regardless of whether I'm up or down, but I think there's still time to make some money there.


"How to Catch a Falling Knife" (TM) © 2023 by Crito

 

Fisker hit $7 this morning! Wishing I had bought more. Which is what I originally had planned to do but I got distracted by weed (TLRY) and chips (ARM). Oh well, I haven't sold any yet anyways.

 

Just to close the loop... I sold the whole basket of EV stocks for about a 15% gain. I've glanced at NIO the last couple of trading sessions but there's just too much geo-political stuff going on with China stocks. Heck, some places you're not even allowed to discuss political issues even if it's relevant to the topic. So I guess I don't need that. I'm done with it for now.

 

I feel so sorry for ChargePoint. There's obviously plenty of demand. It's their own incompetence that's the problem. That's what happens when politics trumps ability in hiring practices and it's also the real reason Tesla has been so successful. Gotta love that Elon guy even if I don't really care for his cars!


Off to a bad start with the new ChargePoint chargers in my area. That wrench icon is for about a dozen new Superchargers that are being installed.

 

I don't really know what's going on with the accounting at Fisker but I bought some @ $2 today just for fun. Yeah, it might go to $1 if they've been cooking the books. On the other hand it might go back to $7 where it just was a few posts of mine ago. Besides, I made some good loot off it before so I'm playing with the house's money at this point anyways.

Thing I think most people don't understand about Fisker is they're a lot like AMD and nVidia. They may technically be "chip makers" but they don't actually make the chips. TSMC makes the chips. Same goes for Fisker. They're a "auto maker" technically but it's Magna who actually makes the cars.

It'll be interesting to see what happens. Place your bets!

 

Fisker reported and looks OK. Stock closed $2.20 in after-market trading so I'm already up 10%. Ordinarily I'd take the money and run but think I'm going to hold onto these shares a while longer. I really do like their business model.

 

I doubled down today. I usually don't do the long-term investing thing but to me it really looks like they're turned the financial corner and are doing everything right. This could be a ten bagger in a year or two. I'm prepared to quadruple down if it goes to $1.

 

Wow, that was fast! Fisker looks done. Henrik Fisker is a very charismatic guy and a great designer but he just plain sux as a CEO. It doesn't appear as if he's ever heard of anyone doing a reverse split to avoid delisting then immediately selling new shares to come up with operating capital. He's just running around like a chicken with its head cut off trying to figure out what to do. His brilliant idea to save the company was to abandon direct-to-consumer sales and sell through dealerships. It's a little sad really...

 

Looks to me like real reason Fisker switched to a dealer model is because customer money seems to have disappeared. I was tempted to jump back in at 2 cents for a quick buck but I don't think the new high priced bean counters can find the money either. "We don't know where the money went" is about as famous as last words get. Pity tho, good design and good business model destroyed by control freak husband and wife. Weird thing is car software is a little control freakish too. You can't put it in drive without your seatbelt on and you only get 500 launches after which "no more launches for you!" Yeah, right! Bye bye!

 

Lets see, if MBWorld members had bought NIO stock the same day the moderators here deleted my post about it...


Sanctions schmanctions.

 

Good thing the moderators here moderated the @#$% out of my NIO posts or you might have made back all the money your Mercedes EV has depreciated, like I just did. Bwhahaha!


Moderate this!

 

But your facts get into the way of the emotions....the VERY IMPORTANT emotions. JERK! :-)


Keep up the good work!

 

Yeah, well, to be honest, I had expected big tech to go down before interest rate cuts. But the AI hype kept them going up. So I'm actually still down for the year because I shorted the triple Qs by buying SQQQ. Lesson learned though... I KNEW they weren't going to cut rates in march and they didnt but the market thought they would so kept going up. And I KNEW unemployment had to go up and it did but they reported good numbers and then quietly revised them later. So moral of story is you can be 100% right and still lose money. The level of boolsheet from all types of "news" outlets, even the financial ones, is absolutely ridiculous these days, and that's what moves markets, not the facts.

 

Yes, facts no longer get into the way of the false reality so many people are buying into.

I had the unfortunate need to be in Chicago this past weekend...what a an apathetic joke of a city. On a positive note, I did get to see a mod'ed AMG GT launch on Wacker towards the lake yesterday......

 

Boggles my mind a city that big even exists there. Not where I want to be when it gets cold! Chicago is pretty nice in the summer though.

Anywho, EVGO had a nice 100% bounce off the bottom. Kind of wish I had bought it back. ChargePoint on the other hand... er, um, well... think I'm gonna have to pass on that one.

 

Someone better put a 1000% tariff on these @#$% Chinese EVs before I get filthy stinkin' rich off them.



It's almost too easy,

 

Don't hate me for supporting Palestine's right to defend itself against illegal settler terrorists. Hate me for all the money I'm making off Chinese EV stocks!


Another day... another dollar per share.

 

I slept great last night on a pile of cash.

 

Really wish I had bought EVGO back now! Would have easily doubled my money. But its fortunes are just too tied to government subsidies and politics for me. Chinese EV stocks will be just fine no matter what Democraps and Repugnicans do. They weren't selling any cars in the USA anyways and there's plenty of demand in China and the rest of the world.

Gaps have been filled (market makers covered and got paid for "order flow") so the climb up can now resume. The crooks who run the racket always get paid first. You didn't think they were letting you trade for free out of the kindness of their hearts, did you?