Amazing how all these articles write a bearish narrative a month before and now a bullish thesis. Flip like roti prata. I'm long nio today but I must say it is the only EV trio that is really burning capital to lay down the groundwork for an extremely profitable business in future. From nio phone, battery swap & charging pile networks, to getting 5 star safety accreditation in Europe, I'm betting Nio to be a future BYD/TSLA rival.
Why NIO Should Be Your Top EV Stock Pick Now
Many financial traders would immediately identifyTesla as their top new-energy vehicle investment. However, I invite you to consider China-based electric vehicle manufacturer Nio. There’s a compelling setup with NIO stock today as Nio is aggressively churning out its popular line of electric SUVs this year.You may have heard that some institutional investors are taking share positions in Nio. For example, Abu Dhabi-owned Cyvn Investments reportedly holds a whopping 124,833,157 Nio shares.Of course, you don’t have to buy 100 million or more shares of NIO stock to express your bullish outlook. After delving into Nio’s details, though, you may be persuaded to take a small but confident stake in this next-generation EV maker.I will not pretend that all the news associated with Nio is positive. Unfortunately, Nio will have to face a class-action lawsuit in the U.S. over the automaker’s factory-building claims.Nio is staying active with rapid vehicle production and a new smartphone. Some in
And yet the writer doesn't dare to say that he has taken any short positions in nio. Why don't you do what you say?
Nio Stock Bulls are in for a Rude Awakening
As some recent company-specific developments will fail to have enough of an impact on time to prevent an increasingly-likely late-year price plunge, consider it best to keep avoiding NIO stock.