People that are worried that they missed the Tesla bus hoping to catch the same sort of wave with NIO? Both have seen very sharp increases in recent months. https://www.american-stock-research...ers-tesla-tsla-nio-inc-nio-10january2021.html
NIO must continue to double car production every year - then they can become really big. But more competition is coming too.
5 day scheduled shutdown due to chip shortage. Revising qtr deliveries estimates by 1,950 from 20,500, high side. i still like NIO as a stock. This could further pressure it down in an already 1/2 off its ATH? Id like to buy some again. ironically, its affecting a few manufacturers. None of those, i would touch with a paper account anyway. But i know one that makes their chips in house and are humming right along!
