These stocks are getting hammered because of 2 reasons - semiconductor shortage and Holding Foreign Companies Accountable Act
1) semiconductor shortage is temporary and is non-issue
2) HFCAA - the main thing this law does is to prevent companies being listed that are associated with Chinese military. And even then, companies have 3 years (!) to comply and can only be delisted after 3 years of non-compliance. Neither NIO nor XPEV has anymore connections to military than Tesla. And you can be sure that if these companies are pressured to delist, China is gonna respond with banning Tesla from China, and thats never going to happen!
So all these factors brining these stocks down are complete hype and rubbish!! BUY THE DIP!!
Submitted March 26, 2021 at 07:59AM by th9901 https://ift.tt/3cphqmg
