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Im long on them esp with NIO day coming up should be exciting. But there are risk tho like delisting concerns etc
Since the BABA scare, I’m hesitant towards Chinese stocks. Regulation is no joke especially coming from the CCP. You never know when they’ll get on the CCP’s bad side
For the same reason, I am not touching any Chinese stock..
Other issue is they are valued at 1/10th of Tsla, but TSLA is like 400x overvalued lol. So valuations cant be trusted right now.
I like them LT, but think they are expensive too.
There is no next Tesla. The next Tesla is Tesla.
Yeah I wonder why people look for the next tesla. Just buy Tesla
This stock is one where I would kick myself if I did not invest in it and it blew up to insane levels. I believe in them long term and NIO day could propel them to new highs in the short term. I’d recommend at least put in a little bit and scale up per your risk tolerance. Disclaimer: been in since ~ $6.5.
Bro 700 x 60 = 42,000
Regulatory ban is typically for companies who are allegedly spying on US. Will be hard for a car manufacturer to fall into that category.
Also wouldnt say its hard to spy with cars esp with how advanced cars are now, NIO cars basically have an alexa on it
I don’t think they’re the next Tesla, but they’re definitely interesting. I have been following them since before their IPO( and there is a lot of potential there. They still haven’t penetrated a lot of markets, and are more of a luxury brand right now. The interesting thing is they have tried to develop a strong brand presence in China and use their customer service to set them apart. A lot of their cars are more luxury brands, but rich people in China are more than willing to spend the money. I’d like to see them expand internationally before saying they’ll be the next Tesla. Tesla has a strong presence in both the US, and China and is touching a lot more of the globe. I don’t think Nio has sold a single car in America.
Yea as an American I’m not about to invest in a Chinese EV company instead of Tesla. Do it and you’re a shame. But, AFM.