It is not just $TSLA, $NIO, $XPEV, $LI, $FSR having issues, the entire sector continues to experience strong selling pressure.
BYD who has now overtaken $TSLA as the worlds largest EV seller has dropped from a high of $43 to $22 and during this time, they have drastically improved on their production numbers and fundamentals.
The sector needs to find support and $TSLA and $BYDDF have not found it yet.
The 0.618 Fib is at $19, this would be the ideal spot for BYD to find support....let's see if it can find it.
Vojtěch Šimeček
2024-02-02 23:36:35 +0000 UTC