I've been in NIO since the 10$ range with around 400 shares as well as in Tesla and Xpeng. I would like to think I have a fairly good understanding about what these companies are doing from a business standpoint however I have 0 knowledge of chinas culture. From what I can tell most of NIOs hype has been based around the idea that the chinese gov will make it succeed. I've seen the numbers, technology and both the bull and bear case for NIO from a variety of sources. At its current valuation, this feels like a purely speculative and fomo play. The more hype I've seen from NIO the more I distrust it and feel like new retail investors are being mislead by both china and the large banks. Everyone wants NIO to be the next Tesla however I've seen nothing from NIO to indicate it should realistically become a 200B - 400B company aside from china, battery subscription and potential european adoption. I can't shake the feeling NIO is about to have a pretty vicious sell off and am losing my conviction on the NIO long play as well. Can someone help NIO make sense.
Submitted November 11, 2020 at 08:14PM by EZE3D https://ift.tt/2IjMhEE
