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The Trump administration unveiled new sanctions on Wednesday against an Iranian-linked Swedish gang that coordinated an attack on the Israeli Embassy in Stockholm in January 2024, according to the Treasury Department. 

The sanctions freeze assets for members and those affiliated with the Foxtrot Network, a transnational criminal organization that the Treasury Department said is one of the most ‘prominent’ drug trafficking organizations in the region. The sanctions also single out and target the group’s fugitive leader, Rawa Majid. 

‘Iran’s brazen use of transnational criminal organizations and narcotics traffickers underscores the regime’s attempts to achieve its aims through any means, with no regard for the cost to communities across Europe,’ Secretary of the Treasury Scott Bessent said in a Wednesday statement. ‘Treasury, alongside our U.S. government and international partners, will continue to hold accountable those who seek to further Iran’s thuggish and destabilizing agenda.’

In addition to trafficking drugs, the Foxtrot Network is a criminal organization that conducts violent acts, including shootings, contract killings and assaults, and is responsible for increased violence in Sweden. It is notorious for employing teenagers to conduct these violent acts, according to the Treasury Department. 

Iran has increasingly utilized criminal networks to conduct attacks targeting the U.S. as well as attacks against Jewish and Israeli targets in Europe, the Treasury Department said. 

For example, the agency accused Iran of colluding with the Foxtrot Network to conduct an attack on the Israeli Embassy in 2024 after Swedish officials identified a ‘dangerous object’ believed to be an explosive device at the embassy. While security forces neutralized the device, Sweden’s security police moved to investigate the attack as a ‘terrorist crime,’ according to Reuters. 

The Treasury Department also said on Wednesday that Majid has coordinated with the Iranian Ministry of Intelligence and Security, which is already under U.S. sanctions, and faces charges in Sweden pertaining to narcotics and firearms trafficking. 

The White House referred Fox News Digital to the Treasury and State Department’s statements on the sanctions. 

The sanctions against Majid and the Foxtrot Network align with President Donald Trump’s maximum pressure campaign against Iran, which he reinstated in February through a series of sanctions aimed at sinking Iran’s oil exports.

 

Trump signaled Friday a nuclear deal with Iran could emerge shortly, and he revealed that he sent a letter to Iranian Supreme Leader Ayatollah Ali Khamenei to push for Tehran to agree to a nuclear agreement. Otherwise, he said Tehran could count on facing military consequences. 

‘I would rather negotiate a deal,’ Trump told Fox Business in an interview Sunday. ‘I’m not sure that everybody agrees with me, but we can make a deal that would be just as good as if you won militarily.’ 

‘But the time is happening now, the time is coming up,’ he said. ‘Something is going to happen one way or the other. I hope that Iran, and I’ve written them a letter saying I hope you’re going to negotiate, because if we have to go in militarily, it’s going to be a terrible thing for them.’

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On March 7, Fox Business Network’s Maria Bartiromo asked President Donald Trump, ‘There are reports now that Russia says it will help the United States negotiate a nuclear deal with Iran. What kind of a deal with Iran do you want to do? You’ve said they cannot have a nuclear weapon.’ Trump made his position clear: ‘There are two ways Iran can be handled: militarily, or you make a deal.’  

He went on to call Iranians ‘great people’ suffering under what he described as an ‘evil’ regime that shoots protesters in the streets. Trump then revealed that he had sent an ultimatum-style letter to Iran’s Supreme Leader Ali Khamenei, seeking a diplomatic settlement to prevent Iran from becoming a nuclear state rather than resorting to military action.  

Iran’s supreme leader rejected the letter, disappointing regime officials who hoped Trump’s willingness to talk could ease their economic collapse. He warned that the U.S. wouldn’t stop at nuclear negotiations but ‘raise new demands, including restrictions on defense capabilities and international influence,’ a clear reference to the IRGC’s missile program and its terror proxy network.  

Khamenei’s stance mirrored Russian diplomat Mikhail Ulyanov’s warning that Trump shouldn’t expand nuclear talks to include Iran’s missile program or regional activities, calling it unrealistic to kill three birds with one stone.  

Russia’s strategy for helping the U.S. to negotiate with Iran seems clear — allow a U.S.-Israel strike to destroy Iran’s nuclear facilities, easing international pressure. Once the regime survives, Russia regains control, exploiting Iran’s wealth for decades to come. But, how much influence does Moscow truly have over Tehran? 

On June 12, 1989, a week after Khamenei became supreme leader, U.S. Ambassador to Kenya Smith Hempstone, appointed by President George H.W. Bush, warned in the Observer-Reporter: ‘Unfortunately if Khamenei remains in power and seeks an opening to the outside world, he is more likely to look to the Soviet Union than to the US. He is a graduate of Moscow’s Patrice Lumumba university.’  

On February 5, 2010, Russia’s State TV confirmed Khamenei as a ‘notable alumnus’ in a special program marking the 50th anniversary of this training center. Dr. Ilan Berman, appointed to the RFE/RL Board of Directors by Trump’s administration in February 2025, reinforced this back in 2001, stating: ‘Interestingly, many of Iran’s hardest hardliners were trained in the Soviet Union’ including ‘Iran’s spiritual leader, the Ayatollah Ali Khamenei, was himself a graduate of the USSR’s training academy for third-world anti-Americans, Patrice Lumumba University.’  

With Russian President Vladimir Putin, a former high-ranking KGB officer, in power, Moscow continues its Soviet-era strategy, using Muslim proxy groups against the U.S. and Israel. 

Russia’s influence over Iran is undeniable — Putin effectively controls the regime. In March 2021, leaked audio from Iran’s Foreign Minister Mohammad Javad Zarif, revealed that Putin ordered IRGC commanders, including Qasem Soleimani, to send troops to Syria and disrupt the nuclear feal, fearing improved U.S.-Iran relations.  

Under Trump’s successful maximum pressure policy, according to New York Times, ‘Iran Signals Openness to Limited Nuclear Talks With U.S.,’ following Russia’s guidance. However, history proves that once pressure eases, the Islamic regime resumes funding terror proxies with petrodollars, attacking Israel and U.S. allies, and plotting assassinations — including against Trump, his family, and officials, even after his presidency, as seen over the past four years.  

In the Oval Office, Trump stressed urgency: ‘We’re down to the final moments … Something’s going to happen very soon … We have a situation with Iran, and something’s going to happen very soon. Very, very soon, you’ll be talking about that pretty soon, I guess.’  

Khamenei’s stance mirrored Russian diplomat Mikhail Ulyanov’s warning that Trump shouldn’t expand nuclear talks to include Iran’s missile program or regional activities, calling it unrealistic to kill three birds with one stone.  

At the same time, Israel confirmed a joint drill of F-15 and F-35 fighter jets with a U.S. B-52 bomber — likely signaling a possible joint strike on Iran’s nuclear facilities.  

U.S.-Israel cooperation under Trump is preparing to neutralize Iran’s nuclear program, the IRGC’s missile arsenal, and its terror proxy network — a mission already underway post-October 7th.  

But if the regime survives and sanctions ease, Iran could access $100 billion annually to rebuild even stronger. Failure to act leaves Iran as a pawn of Russian oligarchs to ‘Build Back Better’ their terror networks and nuclear facilities. 

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A baby products manufacturer is challenging a new federal regulation as overly broad and contrary to President Donald Trump’s agenda of reigning in three-letter agencies and commissions. 

New Civil Liberties Alliance (NCLA) filed suit Thursday in Washington, D.C. against the Consumer Product Safety Commission (CPSC) over a new federal safety standard for infant support cushions. NCLA, on behalf of Heroes Technology, says the commission misinterprets the term ‘durable’ in the provision to include items not previously covered by the standard, like cushions and other such products. 

NCLA argues that the CPSC previously only included items that fell squarely within the accepted definition of ‘durable’ as delineated by congressional statute – cribs, for example, as well as high chairs, swings and other products.

‘We think that this is a pure case of statutory construction that guides agency authority and over here they step their bounds,’ Kara Rollins, Litigation Counsel at NCLA, told Fox News Digital. 

Rollins said that, via the provision in question, the commission is ‘shortcutting and bypassing really important procedural checks, evidentiary requirements in order to push out a regulation faster.’

NCLA had previously sent CPSC a letter requesting a stay of the rule, saying that it ‘establishes an arbitrary and ineffective safety standard.’ NCLA sought ‘postponement and reconsideration’ in light of one of Trump’s executive orders ordering all executive agencies and departments to halt issuing new rules and regulations pending review and approval. 

‘The president has said to these agencies, ‘You must do X’, and it’s not clear that they’re actually following through with what’s required of them,’ Rollins said. 

Rollins said that the rule not only affects Heroes Technology but also extends to ‘thousands of manufacturers [and] thousands of manufacturing jobs’ both in and outside the U.S.

‘It’s emblematic,’ Rollins said of the broader implications of the rule. ‘When an agency is not held to account, when it’s not held to the standards set out by the statute, or is independent and doesn’t answer to the president in its own mind, then these sorts of self-aggrandizements tend to occur.’

Rollins said that while the rule applies to a specific sector of businesses and products, ‘there’s not really anything that stops it from sort of infiltrating further unless there’s a check on their power.’

‘And one thing we’re very clear on is that it’s not that we don’t think our clients’ products can’t be regulated or shouldn’t be regulated, but how Congress said they should be regulated,’ Rollins said. ‘Congress said if you’re a durable infant good, everything else has to go through the process, and it’s our view that it should have went through the other process.’

Rollins and NCLA argue that infant cushions such as the ones in the case should undergo a separate process that ‘is more onerous, more rigorous, requires more data, more fact-finding.’

The suit comes as the Trump administration works to reel in the administrative state via executive orders, directives and legal challenges. In February, Trump signed one order in particular that requires federal agencies to evaluate all of their regulations that could violate the Constitution as the administration continues to prioritize slashing red tape. 

The administrative state was previously dealt a blow by the Supreme Court in 2024 when it overturned the Chevron doctrine. 

In the landmark decision, Loper Bright Enterprises v. Raimondo, the Supreme Court effectively scaled back administrative power by holding that ‘Courts must exercise their independent judgment in deciding whether an agency has acted within its statutory authority.’ The doctrine previously gave deference to an agency’s interpretation of a federal regulation. 

Fox News Digital’s Diana Stancy contributed to this report. 

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Dr. Mehmet Oz, President Donald Trump’s pick to lead the Centers for Medicare and Medicaid, will face questions in front of the Senate Committee on Finance Friday morning. 

Following the hearing, the committee will schedule a vote to send Oz’s nomination to the full Senate, where approval is likely, considering the Republican majority.

If confirmed, Oz would be in charge of nearly $1.5 trillion in federal healthcare spending. Medicare, a federal healthcare program for seniors aged 65 and up, currently provides coverage for about 65 million Americans, according to the Center for Medicare Advocacy. Medicaid, which assists people with low incomes, covers roughly 72 million Americans, according to Medicaid.gov.

A former heart surgeon who saw his fame rise through his appearances on daytime TV and 13 seasons of ‘The Dr Oz Show,’ Oz later transitioned into politics, launching an unsuccessful bid for Pennsylvania’s open Senate seat in 2022. He ultimately lost to John Fetterman, then the state’s lieutenant governor. Oz graduated from Harvard and received medical and business degrees from the University of Pennsylvania. 

Oz is expected to be grilled by Democrats during the hearing over his financial ties to a myriad of healthcare-related companies, several of which pose potential conflicts of interest for the potential CMS director.

Oz has committed to divesting many of his financial interests that pose the most obvious risk of impropriety, such as his hundreds of thousands of dollars in stock in United Health Group, a major private health insurer. He also said that if he were confirmed, he would forfeit the nearly $25 million in stock options he obtained as an advisor to a company selling health and beauty supplements.

As the administrator of CMS, Oz would make decisions related to how the government covers procedures, hospital stays and medication within the federal healthcare programs, as well as the reimbursement rates at which healthcare providers get paid for their services. 

On Thursday, Trump’s pick to lead the NIH and FDA, Dr. Jay Bhattacharya and Dr. Marty Makary, respectively, were approved in committee and will now face impending votes by the full Senate.

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Former Vice President Mike Pence’s nonprofit conservative coalition, Americans Advancing Freedom (AAF), is urging House Republicans to ‘end the weaponization’ of a Clinton-era law that they say unfairly targets pro-life activists.

The Freedom of Access to Clinic Entrances (FACE) Act was signed into law by then-President Bill Clinton in May 1994. The FACE Act made it a federal crime to use force, threats or obstruction to interfere with individuals seeking or providing abortion services, which includes blocking access to clinics, threatening or using violence against patients or clinic workers, and damaging abortion-related property.

In one of his first actions since taking office, President Donald Trump pardoned nearly two dozen pro-life activists who were serving multiyear sentences for participating in 2020 pro-life demonstrations at abortion clinics. Three of those pardoned were elderly. The Biden administration’s Department of Justice (DOJ) had charged them with violating the FACE Act. Trump said during the pardons that the advocates ‘should not have been prosecuted.’

‘Congress must do its part to support President Trump’s effort to end the weaponization of government by repealing the FACE Act in its entirety,’ reads the AAF memo, sent to Republican members of the House Judiciary Committee on Thursday afternoon. ‘There’s no question that the Biden Administration weaponized the FACE Act against pro-life Americans.’

‘During the Biden Administration, pro-life Americans faced early morning SWAT team raids, unjust prison sentences, and alleged mistreatment while in custody,’ the memo continues.

Last month, the House Judiciary Subcommittee on Oversight held a hearing, ‘Entering the Golden Age: Ending the Weaponization of the Justice Department,’ where Peter Breen, the executive vice president and head of litigation at the Christian nonprofit law firm Thomas More Society, testified that one of his clients was subject to such SWAT raids and a lengthy prison sentence.

‘The Biden DOJ engaged in a systematic campaign to abuse the power of the federal government against pro-life advocates, while that same DOJ ignored hundreds of acts of vandalism and violence against pro-life churches, pregnancy help centers, and other advocates,’ Breen said.

While the tide is turning in a different direction from the previous administration’s pro-abortion agenda, conservative lawmakers are now looking at the FACE Act as the next step in the pro-life movement. In January, Trump also revoked two previous executive orders from the Biden administration that expanded abortion services. The new order reaffirms the policy established by the Hyde Amendment, which prohibits the use of federal taxpayer dollars for elective abortions.

Rep. Chip Roy, R-Texas, re-introduced legislation in January around the same time to repeal the law. 

Roy’s office presented data indicating that 97% of FACE Act prosecutions between 1994 and 2024 targeted pro-life individuals. He is supported in this effort by 32 co-sponsors in the House, and Sen. Mike Lee, R-Utah, introduced companion legislation in the Senate.

In 2023, several media outlets reported that under the Biden administration, the DOJ initiated at least 15 criminal cases under the FACE Act involving approximately 46 pro-life defendants since January 2021, with victims in all but one case being abortion-rights supporters.

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Spirit Airlines is out of bankruptcy, hitting its target to emerge in the first quarter, after a crippling few years. CEO Ted Christie says the carrier is leaner and ready to take on competitors, including rival Southwest Airlines.

Earlier this week, Southwest shocked customers by announcing it will start charging for checked bags for the first time in its half-century of flying, a huge strategy move for the largest domestic U.S. carrier. (There are some exceptions to Southwest new bag rules, which take effect in late May.)

“I think it’s going to be painful for a little bit as they find their footing, and we’re going to take advantage of that,” Spirit’s Christie said in an interview Thursday.

Southwest had been a standout in the U.S. by offering all customers two free checked bags, a perk that has endured recessions, spikes in fuel prices and other crises while most rivals introduced bag fees and raised them every few years.

Spirit Airlines, on the other hand, made a la carte pricing common in the U.S., with fees for seat assignments, checked bags and other add-ons. It’s a strategy most large airlines, except for Southwest, have copied in one form or another.

As Southwest starts charging for bags and introduces its first basic economy class, which doesn’t include a seat assignment or allow free changes, Spirit could possibly win over customers, Christie said.

Southwest said it would get rid of its single-class open seating model last year.

“There at least was an audience of people who were intentionally selecting and flying Southwest because they felt that it was easy. They knew they were going to get two bags,” Christie said. “Now that that’s no longer the case, it’s easy to say that they’re going to widen their aperture and they’re now going to look around.”

Spirit is far smaller than Southwest and even smaller than it was last year, but it competes with the airline in cities like Kansas City, Missouri; Nashville, Columbus, Ohio; and Milwaukee. If customers look on travel sites like Expedia, where Southwest is a new entrant, Spirit’s tickets could be cheaper and appear higher in results, Christie said.

Other airline executives have also said they expect to win over some Southwest customers.

Delta Air Lines President Glen Hauenstein said at a JPMorgan industry conference Tuesday that there are consumers who choose Southwest based on its free-bag perk “and now those customers are up for grabs.”

Spirit, for its part, has recently been offering more ticket bundles that include things like seat assignments and luggage.

The carrier is now focused on returning to profitability. It posted a net loss of more than $1.2 billion last year, more than double its loss in 2023 as it grappled with grounded jets because of a Pratt & Whitney engine recall, higher costs, more domestic competition and a failed acquisition by JetBlue Airways.

Spirit has rejected multiple recent merger attempts by fellow budget carrier Frontier Airlines. Christie said Thursday that nothing is “off the table” and that a fifth-largest airline as a low cost carrier in the U.S. makes sense, but that the airline is focused on stabilizing itself after bankruptcy.

Through its restructuring process, which started in November, Spirit said it reduced its debt by about $795 million. The transaction converted debt into equity for major creditors. The carrier also received a $350 million equity infusion.

Spirit plans to relist its shares on a stock exchange but hasn’t set a date yet.

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Donatella Versace announced Thursday that she is stepping down as chief creative officer of Versace, ending her nearly 30-year-long stint at the Italian luxury fashion empire’s helm.

Versace, 69, took on the role to lead the luxury fashion house after her brother and its founder, Gianni Versace, was fatally gunned down outside his Miami Beach mansion in 1997.

‘It has been the greatest honor of my life to carry on my brother Gianni’s legacy,’ Versace wrote on Instagram. ‘He was the true genius, but I hope I have some of his spirit and tenacity.’

Following her brother’s death — and despite not having a background in design or fashion — Versace quickly became a living embodiment of the Versace brand and remains a beloved figure within the fashion industry.

Italian fashion designer Gianni Versace.Toni Thorimbert / Sygma via Getty Images file

The 69-year-old’s iconic pin-straight blond hair and her unparalleled ability to bring together the industry’s top models, including Naomi Campbell and Cindy Crawford, for the fashion house’s out-of-this-world runway shows became as emblematic of the brand as its gold mythological logo.Emmanuel Gintzburger, CEO of Versace — whose parent company is fashion conglomerate Capri Holdings — said that the brand ‘is what it is today because of Donatella Versace and the passion she has brought to her role every day for nearly thirty years.’

‘The universal values she stands for and her love for uncompromised creativity anchored Versace far beyond a brand or a company,’ he said in a statement. ‘Working alongside her has been an incredible privilege and pleasure.’

Dario Vitale, the former design and image director of Italian brand Miu Miu, will lead the fashion house as its new chief creative officer, the company said in a statement.

“I want to express my sincere thank you to Donatella for her trust in me, and for her tireless dedication to the extraordinary brand that Versace is today,” Vitale said in a statement. “It is a privilege to contribute to the future growth of Versace and its global impact through my vision, expertise and dedication.”

Versace will stay on at the company as its chief brand ambassador.

‘I will remain Versace’s most passionate supporter,’ she said. ‘Versace is in my DNA and always in my heart.’

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Dollar General CEO Todd Vasos said on Thursday that inflation continues to hurt the discounter’s customers and that the macroeconomic environment won’t improve this year.

On the company’s fourth-quarter earnings call, Vasos said customers are expecting value and convenience “more than ever” from the dollar-store chain.

“Our customers continue to report that their financial situation has worsened over the last year, as they have been negatively impacted by ongoing inflation. Many of our customers report they only have enough money for basic essentials, with some noting that they have had to sacrifice even on the necessities,” Vasos said. “As we enter 2025, we are not anticipating improvement in the macro environment, particularly for our core customer.”

Dollar General’s core consumer is “always strained” due to their economic status, but also resourceful, Vasos said.

“We’ve started to see where [our customer is] getting her sea legs, if you will, on the additional inflation that’s been very sticky out there, and she’s starting to understand her budgets even more,” Vasos said.

Part of the uncertainty, Vasos said, stems from the potential impact of President Donald Trump’s tariffs on the consumer.

When Trump imposed tariffs during his first term in office in 2018 and 2019, Dollar General had to raise some prices in line with others in the industry, Vasos said. But the general store was able to mitigate the impact back then and is “well positioned” to do so again this year, he said.

“Given the already stressed financial condition of our core customer, we are closely monitoring these and any other potential economic headwinds, including any changes to government entitlement programs,” Vasos said.

CFO Kelly Dilts said the company’s 2025 guidance factors in continued economic pressure on the consumer, but does not account for further changes to tariff policy or government initiatives like the Supplemental Nutrition Assistance Program, which subsidizes food for low-income Americans.

For the fourth-quarter, Dollar General said same-store sales growth of 1.2% was driven entirely by 2.3% growth in average transaction. Customer traffic fell 1.1% during the period, “impacted by ongoing financial pressures of our core consumer,” Vasos said.

Alongside its fourth-quarter earnings, Dollar General said Thursday it would close 96 Dollar General stores and 45 Popshelf stores and will convert six other Popshelf stores into flagship banner locations this year. Popshelf primarily serves higher-income shoppers with lower-priced products.

Shares of Dollar General rose 5% Thursday morning.

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The EHang Holdings (EH) stock price remains in a strong bear market after falling by about 25% from its highest level this year. It has moved to $22.45, down from the year-to-date high of $29.76, giving it a market cap of over $1.35 billion. So, what’s next for the eHang share price as it continues outperforming other eVTOL companies like Archer Aviation and Joby Aviation?

EHang stock price analysis

The daily chart shows that the eHang share price peaked at $29.76 in February, and has dropped to $22.5. It has moved below the 23.6% Fibonacci Retracement level at $25.

On the positive side, the eHang share price has bounced back after hitting the crucial support at $20, the 50% Fibonacci Retracement level. It has also remained above the 50-day and 200-day Weighted Moving Averages (WMA), a sign that bulls are in control.

Further, EHang stock price has formed a falling wedge pattern, a popular bullish reversal sign. This pattern comprises two descending and converging trendlines, with a breakout happening when they near their confluence level. 

Therefore, the stock will likely have a strong bullish breakout, with the next point to watch being the year-to-date high of $29.76. A drop below the 50% retracement level at $19.6 will invalidate the bullish outlook.

EH stock by TradingView

The bullish case for EHang shares

There are a few reasons why one would consider buying EHang. First, it is a company in the electric vertical takeoff and landing industry that analysts believe will continue booming over time. The industry was valued at $0.76 billion in 2024, going up to $4.6 billion in 2030. 

Second, Ehang’s business is seeing strong growth, a trend that may continue growing in the coming years. Quarterly results published this week showed that it delivered 78 units in the quarter, a 239% increase from the same period a year earlier. The deliveries were also higher than the 63 units it delivered in Q3.

Read more: eVTOL company Joby Aviation secures another key FAA approval

This growth translated to a strong revenue performance, with the figure growing by 190% to $22.5 million. 

Third, EHang’s profitability is moving in the right direction, with the operating loss improving by 26.4% to $7.6 million. This trajectory means that the company will breakeven in the coming years. 

Further, analysts are upbeat about the company’s growth as demand for its eVTOL solutions rise. The average estimate is that its annual revenue will rise by 90% this year to over 829 million CNY or $115 million. 

EHang stock will also continue doing well because of the strong market size in China, where the middle class growing, and traffic congestion is a major issue. EHang is at an advantage because of its first-mover advantage in terms of technology and regulations in the country.

Analysts expect that the EHang share price has more room for growth. The average EH stock forecast is $26, higher than the current $22.45. Most of these analysts, including from companies like CICC, UBS, and Morgan Stanley, are bullish on the stock.

Read more: JOBY vs Archer Aviation: Which is a better eVTOL stock to buy?

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The Tesla stock price has collapsed this year, erasing almost $1 trillion in value. TSLA has crashed by over 52% from its highest level this year, and is hovering at its lowest level since October last year. This article explores some of the top Tesla rivals to buy for strong gains in the future. 

To be clear: Tesla stock has crashed and rebounded before. For example, it crashed from a high of $413 in 2021 to a low of $102.25. It then bounced back and reached almost $500 last year. As such, while these Tesla rivals are good buys, odds that the TSLA stock will rebound cannot be ruled out. 

Best Tesla rivals to buy

Some of the best Tesla rivals to buy are popular Chinese EV stocks like Rivian, XPeng, and Li Auto. 

Rivian (RIVN)

RIVN stock chart | Source: TradingView

Rivian is one of the top Tesla rivals to buy and hold this year. While Rivian’s fundamentals are not all that strong, technicals suggest a strong surge in the coming months. 

The weekly chart shows that the RIVN share price bottomed at $10.35 since 2024. It has failed to move below this level several times since last year.

That is a sign that the Rivian share price has formed a triple-bottom pattern, which is a popular bullish reversal sign. 

The stock is in the accumulation phase of the Wyckoff Theory, a popular approach. This phase is characterized by a stock moving sideways. It is then followed by the markup phase, which has higher demand than supply. A stock typically moves in a parabolic move when it moves in this phase. 

Therefore, the stock will likely bounce back in the next few months. If this happens, the next point to watch will be at $28.22, the highest swing in July 2023, which is about 160% above the current level. A drop below the support at $10 will invalidate the bullish view.

XPeng (XPEV)

XPeng is another popular Tesla rival to consider. On the weekly chart, we see that the stock has risen in the last four consecutive weeks, and is hovering at its highest level since July 2022. 

XPeng stock has moved above the crucial resistance level at $23.6, the highest swing in July 2023. This was an important level since it was the upper side of the cup and handle pattern. It was also higher than the 23.6% Fibonacci Retracement level. 

The XPeng share price has moved above the 50-week and 25-week moving averages, a bullish sign. Also, momentum oscillators like the Relative Strength Index (RSI) and the MACD have continued rising. 

Therefore, the XPeng stock price will likely keep rising as bulls target the next key resistance at $40, the 50% retracement level, which is about 60% above the current level.

Read more: Xpeng to mass produce flying cars in 2026

Li Auto (LI)

Li stock chart by TradingView

Li Auto is another Tesla rival to buy for big gains ahead. The stock has jumped from $17.55 in June last year to $30. It has moved above the 50-day and 25-day moving averages. 

Li Auto stock has moved above the 38.2% Fibonacci Retracement level. Like XPeng, Li Auto share price has formed a cup and handle pattern, a popular bullish continuation sign. It has also moved above the ascending trendline that connects the lowest swings since September last year.

Therefore, the stock will likely continue rising ahead of its quarterly earnings later this week. The target to watch will be at the 61.8% retracement at $35.47, up by 20.5% from the current level.

Read more: Here’s why Li Auto stock price could explode higher after earnings

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