People get into NIO bc they couldn't afford Tesla stock. Now that Tesla has a stock split, more fund will be invested into Tesla stock.
Second point I would like to make is China economy is not as healthy as people are made to think. Famine is starting in China due to flood and virus; inflation is also creeping up worldwide.
At the end of the day, EV is not necessity. Just a luxury.
Also, the market is now flooded with EV startups who want a piece of the EV pie. This reminds me of the early stage of cannabis market and Cryptocurrency.
Another risk to consider is the possibility of getting delisted from the US stock market. It has ran up significantly and become a miracle for people who bought at $13 when it first IPO. Why wouldn't you take profit now and buy it after it crashes?
Second point I would like to make is China economy is not as healthy as people are made to think. Famine is starting in China due to flood and virus; inflation is also creeping up worldwide.
At the end of the day, EV is not necessity. Just a luxury.
Also, the market is now flooded with EV startups who want a piece of the EV pie. This reminds me of the early stage of cannabis market and Cryptocurrency.
Another risk to consider is the possibility of getting delisted from the US stock market. It has ran up significantly and become a miracle for people who bought at $13 when it first IPO. Why wouldn't you take profit now and buy it after it crashes?