What's going on moon gang, i hope that you're having a wonderful day, my name is matt, and this channel is all about stocks training investing. Now we definitely need to talk about all the crazy fundamental developments and insane price swings going on in the ev sector. In this video i'll be covering all that for workhorse, cciv and tesla, but before we get into the fundamental developments and technical breakdown of those three stocks, don't forget to join up with the moon gang by hitting the subscribe button. I'm on my journey to 100 000 subscribers and your help with that would be truly appreciated now, with all that out of the way, let's hop into what's going on, let's kick things off with workhorse.

As you can see, workhorse had a horrific day. In fact, it dropped 47. During today's trading and after hours it dropped an additional five percent. Workhorse is an ev company that focuses on focuses on last mile delivery.

It trades under the ticker wkhs and for the best uh for the best part of the past year. We've been assuming that it would be a winner of the usps contract. Unfortunately, we found out the results of that and workhorse did not win. U.S postal service awards contract to launch multi-billion dollar monetization of postal delivery, vehicle fleet and the winner is oshkosh trades under the ticker symbol.

Osk and the big thing here is that workhorse in no way won a portion of it and it got absolutely slaughtered today. The market was selling off, workhorse was trading around 28 and when this announcement came out, the stock absolutely plummeted. There were multiple halts in the last trading hour of the day. It was definitely bad bad news for workhorse.

In fact now in 2021, it is down 16.7 percent. Today alone it was down close to 50. Absolutely horrific. Now in terms of technicals work was recently hit a new all-time high of 43..

I was looking for support to be found at 31 and then, when the s p, 500 was selling off. Today we were seeing weakness right around 28. I was looking for a bounce off of this top trend line, but when the news broke, a lot of people were basically basing their revenue thesis on workhorse on winning a portion, or at least all this contract, a portion of it. Obviously, that is no longer reality.

So in terms of technicals, i would highly recommend paying attention to this previous support at 13 30 past that we have 10 30. right now, as this news permeates, and it continues to spread a lot of investors in workhorse, i'm expecting some panic in the end, though, You should know that i am invested in workhorse in my public account, i'm in at 22, in my private account, i'm in at 17.. So yes right now, i am under water, but don't forget that this is just a short-term development. In the end, workhorse is still a viable eevee company based in the us, and they didn't get this contract.

But that's not the end of the company. I think years down. The road workhorse will be trading higher way higher than 1550, where it's at right now. So for me i always thought of workhorse as a long-term trade right now.

Obviously, it got a bit of bad news. People are panicking, but i think one day it will bounce back, but just so you know that's why it fell off the map. Today is because it didn't get a portion of the usps contract; instead, that went to oshkosh up next is cciv. So right now, it's february 23rd.

The uh announcement with lucid motors was announced yesterday on february 22nd. Here was this electric vehicle firm loosen motors to go public in 11.8 billion spec deal, the reason it fell off is because the valuation was too high. It was pegged at 24 billion. If you want to understand why the valuation being so high hurt the stock.

I would highly highly recommend checking out meet kevin's video on it. He does a very good job at explaining it, but basically, as the valuation goes up, the stock price has to go down to equal out to the same market cap for cciv. That's a very crude explanation, but in the end that's going to be the basic math um we were all like. We were hoping for 12 billion, we would have accepted 15 billion and when they came in at 24 it was just absolutely way too high.

So they came in high and that's why it's sold off, but i also just want you to know that i very much view lucid motors, slash cciv as a excellent long-term hold. I believe that this will end up becoming the neo of the us. They create very high-end luxury, ev cars and i think that there's a strong market for that in the u.s granted, we might take a couple years to see a giant price bike in the stock, but i'm more than willing to hold my shares of cciv, lucid motors For years to come now in terms of technicals, today, cciv dropped 38 on the news. Most recently it was trading above 64..

Now it's trading at 36. for a while it was trading in this upward, bear flag these commonly break downward, but uh. When there was the announcement of the valuation might drop from 15 to 12. We saw a nice 10 spike.

Then we were waiting for the deal to kind of materialize. Most recently it did materialize and the valuation was way way too high uh and that's why we saw a stock price drop um right here, uh we saw previous resistance around 35 dollars. That's where it's trying to catch itself, if the bears pushed it even lower i'll, then be looking for the next support at 2860.. In the reverse, though, if some bulls start to step in i'll be looking for a little bit of resistance at this bottom trendline, but mainly i'm hoping that cciv can very quickly start training in this upper channel once again, so that's the big news on workhorse.

It didn't get the usps contract, the big issue with ccib it's falling off, because the valuation was way way too high. If you want to understand why the high valuation pushed the stock down once again, make sure you check out that meet kevin video and last but not least, let's talk about. What's going on in tessa back in late january, tesla was trading as high as 900. Clearly, it's really been selling off uh this morning, it hit 620.

It did show a bit of strength right now, it's trading above 700, but the fact that it broke below this trend line is definitely some bearish action. I do want to point out that, with tesla being so low, it was confirmed that arc investments kathy wood said they bought quote-unquote a lot of tesla today cassie wood at arkhanves. I very very much respect her. It has been trading she's, been very, very bullish on tesla she's made a lot of money off of on it.

It looks like she's more than doubling down on the position. Just so you know uh. In my most recent tesla update video, i posted how i bought two put options on it, and my thesis was just like a technical breakdown. In my account, i also am heavily invested in tesla.

My cost basis is 400. I looked as at buying these puts as a hedge against that position just to save myself some money in the meantime um. As you can see, i bought two contracts at 13.65. I sold one at 27 30 to cover my position.

I have a runner right now. It's up two thousand dollars to be completely honest. I am kicking myself at one point today, uh it was up over a hundred, which means that i gave back more than seven thousand dollars in profit, i'm just kind of waiting to see how this plays out uh. If, if tesla doesn't continue to fall, at least in the short term, i'll definitely be pretty upset with myself, but we'll have to see how that plays out.

Um uh today's action was very, very weird in the market. I had a tough time reading it uh right now it closed the day out just below 700 and post market string at 7 12. um. I want to see if it can recapture 719 if it does i'll cut my put for a small small profit or if it gets rejected there i'll see how much i could ride it on the way back down.

The closest support right now is that key psychological level at 700 past that we have 686 pass out. We have 660 on the top side in terms of resistance. We have 719 and from there i'll be watching 750 slash this trend line so moving forward. There has been a lot of bearishness in the market, especially the eevee sector, it's safe to say that there's blood in the water, so my suggestion moving forward is be very, very careful.

With your risk mind, your risk watch your levels of support and resistance moving forward and as of course, as things continue to develop i'll put out more clips like this. If you want to be a part of the live stream, as i'm pointing out these price levels, live, make sure you do that, don't forget to join up with the moon game. You could do so by hitting the subscribe button. If you want to be in the moon game, discord i'll post that link below, but really the main thing you could do is uh join up with the youtube turn on your notifications.

So you don't miss any of the live streams we're doing those monday to friday. We're calling out these plays as they happen, live and we're checking all these fundamental developments, such as the usps contract and the cciv lucid motors uh spec deal other than that uh be careful there. The market, in my humble opinion, right now it seems to be at a very important flexion point, so 100 percent mind your risk other than that best of luck in the markets. I'll make sure to see you soon.

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