EV Stocks Dropping | WKHS, SHLL, NIO, & TESLA Stock | Should YOU Buy, Sell, or Hold

Remember, I am no financial advisor. But you can get a free stock here!! https://join.robinhood.com/adamw2316 Today we are talking about some of the hottest hype stocks out there but are they too hot and hype, or are they still a definite buy? There is Workhorse, Hyliion, Nio, Tesla, and of course, Nikola. There has been so much hype leading up till now with SPACS, USPS contracts; Tesla has been baffling experts, but they are seeing a drop as Elon failed to deliver any actual good news on Battery day and as you all Know, Nikola has done what Nikola has done. The EV market has been trending with what Tesla is doing. Right now, Tesla is dropping, as are some of the other EV stock. So you can expect more EV companies to follow suit….for now. So, the question is, buy, sell, hold, or wait for more dippy dippy? Let's get one thing clear right off the bat, other than Nikola; I think all of these companies are good companies, but, as a smart investor like I know you are, at some point you have to ask yourself, is this share price fair based off what the company is producing? Do I believe all of these companies could justifiably leap past where they're at, Yes 100%, but we have to be patient. Warren Buffett said it best, "No one wants to get rich slow," so, if you genuinely believe in Nio, Workhorse, Hyliion, and are super bullish, then we need to be patient and realize there could be a dip coming where can we get more for my money. Nio isn't Tesla. They're not. China has 14 other EV competitors fighting it out. Two of which are Audi and Mercedes Benz, you may have heard of them. This also includes one backed by Warren Buffett, BYD. But Let's compare Nio in 2019 to Tesla in 2014. That's the year TSLA sold 22,000 electric vehicles, approximately the same number that Nio did in 2019. For more context, In April alone, BYD sold 12,262 EVs. Nio doesn't even produce its cars. Instead, the car company contracts with state-owned Jianghuai Automobile Group (JAC) for production. The bottom line is that this company is undoubtedly moving in the right direction, and financials are looking better and better; their share price could be getting inflated more than what they're worth. Nio has jumped 150% in less than 3 months. Nio was just at $6.86. So please be careful buying in right now. One company that I've been digging for while now is Workhorse, so before I start getting hate, please know I'm a fan, but how much would you say is too much for the share price? Now remember they have a lot of promise, but the market cap is up 2400% since June, and the stock is up 1400%. We may need to start pumping the brakes a little bit until we start seeing some more revenue. I would like to see this stock back under $20 before buying more and would like to see it back under $15. And yes, I said more because I have Workhorse stock. However, they did drop 10% and could fall some more. Hopefully, there is a big enough dip that I could up my position. Right now, Zacks has a status of hold, and I tend to agree. Let us allow the stock to settle a little and ease they hype back, because it could very well be artificially inflating the share price. I would much rather you buy 2 shares for $30 at a fair value, than 1 share at $30 for something overvalued. Think about it like this, Workhorse is more than double the market cap than Hyliion. Food for thought. One would think that Nikola's issue would drive investors to Hyliion because of the even wider MOAT that was just established by Hyliion, but that may not necessarily be the case. Hyliion is turning out to be an incredible company that believes it can churn out some legit revenue over the next few years. I also think it can. However, is the current share price accurate for where the company currently is? I have to say no. Are people getting FOMO thinking the share price is going to continue up and up and up? I have to say yea. While it certainly could keep going, I don't see it continuing to increase through the listing. The merger vote is on September 28th, and soon after that, Tortoise Acquisition will become Hyliion. I don't believe in buying an IPO or a reverse merger listing. I think there is a lot of hype that goes into them and artificially inflates the share price. I'm not alone either, our friend in finance, Jeremy from @FinancialEducation and @FinancialEducation2 , never buys an IPO, and Warren Buffett hasn't bought one since the mid-1950s. If I were going to buy a dip right now, I would be looking at Tesla with the drop they've had. I think it's an excellent time to get more Tesla stock, avg. down, or use this as an entry point. Being down double digits can be a good thing. The last company we need to question their ability to bounce back and share price explode, Is Tesla. #WKHS #SHLL #Tesla #Hyliion #Nio #NKLA

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