Dow Jones Futures: Market Rally Gains Steam; Nvidia, Google Are Buys; Nio, Tesla Rivals On Tap
Nio in particular has warned that chip woes will limit production in Q2. Xpeng and Li Auto, which reported earnings last week, see sequential growth in the second quarter.
Tesla's China sales for May will come later in June from industry reports. In April, Tesla's China sales plunged by nearly two thirds. It's unclear if that reflected weak demand amid a China consumer backlash, fanned by state media, or production limits due to chip or battery shortages. China has been Tesla's main growth driver over the past year, so an extended retreat would be a major blow for the EV giant.
Tesla has removed radar sensors from Model 3 and Model Y vehicles for the North American market. CEO Elon Musk had touted vision-only driver-assist, but there are reports that chip shortages spurred the abrupt shift.
Nio stock reclaimed its 50-day line last week, along with Xpeng, Li Auto and BYD, but all are still far below old highs. Tesla stock reclaimed its 200-day moving average, moving back toward its 50-day.
Welcome to Steem!
There are many growing communities here that you may want to join, here is the latest list of communities prepared by randulakoralage.
For general information about what is happening on Steem follow @steemitblog.
Here is a post that explains everything steps by steps that will help you understand more about Steemit ecosystem, wallet security, Newcomers Achievement Program, list of tutorials, how to use tag in your post, how to claim your reward, how to exchange SBD to Steem, and many useful information. Click here to view this post.
There is a set of achievements prepared by cryptokannon for new comers.
First go to New Comers Community
Read this summary about achievements.
First achievement is a self introduction. THESE are the rules for the post.
Likewise, you can do all achievements. You can learn about steemit related things and get rewarded as well.
Regards,
@neerajkr03