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I think they (NIO) have to prove their value in this madness otherwise they'll fall hard.
50 plus
Everyone bearish on NIO should do some research on this company. They have the backing of the Chinese government, who will not let them fail. They are the only EV company offering an interchangeable battery that can be swapped out in 3 minutes. You can rent the battery instead of buying it outright. So many positives to consider. I expect another pullback after earnings, but this stock will soar IMHO. I'm approaching NIO from a swing trade perspective and long them investment play, not a day trade play, but a total bull on NIO because of what this company has to offer.
There battery swap tech is pretty cool.
I guess they say it works better in china than fast charging stations since there infrastructure is set up different compared to the United States
Tesla kept defying all the rules too. Like you said if people keep buying, it keeps going. Without that report it would be at $60. Also bounced back very nicely today.
I bought 200 shares a few weeks ago. Iโm going to sit on it like I do my Tesla…….they say โall good things come to those who waitโ Lol