There doesn’t seem to be a thread about NIO here. NIO manufactures premium-class SUVs for the Chinese market. The company does not have its own manufacturing; production is handled by subcontractors. Production volumes are approximately 5000 vehicles per month. The stock has been strongly favored by good production figures and increased target prices. JP Morgan’s target price is $40 and Morgan Stanley’s is $33. The stock is currently trading at $34. The next earnings report is in the middle of the month, so the stock will likely jump north due to good delivery figures..
If anyone is more familiar with this company, it would be interesting to hear your comments. At least based on a search, there are forum members who have invested in the company
NIO is not very familiar, but it occurred to me if there could be a combined thread for these new EV companies? Like NIO, Fisker, Canoo, etc. That way the discussion wouldn’t be so scattered Not much will likely happen with these companies in terms of huge daily changes after the SPAC phase.
I’ve been following these for a few months and have invested in quite a few. I don’t understand the following, so does anyone know better: Lordstown Motors is up +30% as I write this, and I can’t find any news. Trump/Pence have admired these pickups, but is that enough for anything..?
RIDE has come down almost 50% in the last couple of weeks, so perhaps the sales have now been sold and new eager buyers are after the shares. Based on today’s performance, it looks like the market is front-running Biden, as hydrogen, renewables, and other sectors are on a proper rocket ride.
Edit: but yeah, RIDE has had a stunning surge today. Earlier it was up somewhere around +40%
Edit2: now it has dropped 1.5 dollars from its peak, so I’m guessing there’s been a proper short squeeze for this one today.
Been involved with NIO since spring. The idea of battery swapping interested me, and that it didn’t have its own production line (“cheap to get started”). There have been quality issues in the past. This has been discussed in the energy industry, etc., messaging group. The pace is still incredible. My first and probably last 10-bagger this year
I’m on board and it’s a nice ride. I bet it will be a strong and dominant player in China, on its home turf. State support is also presumably involved, which bodes well for success.
The ride has been wild this autumn, fueled by news and recommendations.
It’s hard to keep up with the stock price. A few weeks ago, an analyst predicted a $40 price by summer 2021. It looks like it might already be there today.
What makes NIO’s situation delicious is that the company is now at a stage that many missed, for example, regarding Tesla’s success and stock rally, as its valuation soared to unprecedented levels.
If I think about the stock’s potential volatility, I believe NIO has the advantage that the confusing US issues don’t affect it as directly as other Nasdaq companies. NIO’s future EV market is currently mainly in China.
Institutions have been aggressively increasing their ownership recently. They are unlikely to rush to sell, even if there’s a daily drop (10%) sometime.
JP Morgan’s $40 target price was just reached. By the end of the year, $50 will probably be easily surpassed. NIO was recently mentioned as one of the most purchased companies by Nordnet customers in the latest financial podcast. NIO’s market value just exceeded General Motors’ market value…
NIO just crossed the $40 mark and has been among the most traded stocks by dollar volume in recent days. Yesterday it was second after Apple, today it’s third after Apple and Alibaba. +47% in a week… I mean in a week, not in half a year or a month, but in a week
Now it really looks like Fisker wasn’t the right horse to bet on, at least in the short term. When you have days like today, where renewables jump over 10 percent and tanker/cruise companies almost the same, but this one just barely stays in the black, reality hits you in the face. It’s currently at 11.5 dollars, so I have to see if I can get rid of it on my own soon. Then, when the market realizes things have gotten out of hand, this one will happily drop below 10 dollars, so it would be good to get rid of it before that.
My cost basis is $12.5, about €400 in the red. I was hoping for a rally above $12 this week so I could dump the shares, but I guess I’ll have to do it tomorrow. The losses aren’t a problem, the tax man gets less money and I get money to buy something more sensible. I jumped on the hype, shouldn’t have…
My own experiences with Fisker are not very good. I once invested in Quantum Technologies, which at the time manufactured the powertrain for the Fisker Karma under the name Q-drive. That old Karma model never succeeded. I doubt this new attempt will fare any better. It seems the same Henrik Fisker is still in charge.
NIO’s battery technology follows in Tesla’s footsteps.. The only thing is that this was released without much fanfare And what’s interesting is that NIO allows you to swap out old batteries for this new model. I believe this will further increase customer satisfaction/loyalty and give them a competitive edge in the market. OK, I’m a NIO Bull, I admit it
I’ve gotten the impression that Nio handles everything better than Tesla. Fisker’s business model is also surprisingly similar to Nio’s. The brand’s offering is design, quality assurance, digital app fluff, and the like – and then the “subcontractor” produces the car with quality and cost-effectiveness. Hopefully, Fisker will also catch some Nio-like hype at some point. I personally sold some Nio shares over the last couple of days, even though my intention is to significantly increase my ownership in the long run. I was hoping the stock price would rise to around twenty this year, and now, in my opinion, it went a bit overboard. The battery life (heh!) is indeed great, and the next level is already such that it would be difficult to justify the superiority of a gasoline car if charging or swapping is available.
I’m trying to keep an eye on Lordstown, but I really have no idea at what level it would make sense to make an entry. Among these brand new ones, it seems to be one of the first to bring a car to market.
Good thing I didn’t get rid of Fisker at a loss last week. Now it seems like the renewable rocket rally has spread to this as well. Let’s see if the shorts get burned a bit too, and we get a good jump once the US market opens.
It was already somewhat timidly speculated before the elections that a Biden victory would mean a boost for EV stocks. But we’ll see how it takes off. At least NIO is currently the hype stock for Robinhooders/WallStreetBets. But based on my own summer experience, by the time a stock starts to be hyped by them, it’s already “too late” - the drop begins that very day
Not much will likely happen with these companies in terms of huge daily changes after the SPAC phase.
And what’s interesting is that NIO allows you to swap out old batteries for this new model. I believe this will further increase customer satisfaction/loyalty and give them a competitive edge in the market. OK, I’m a NIO Bull, I admit it 
