Hi everyone, i did some research about Tesla's most important dates. Now ill present good arguments why you shouldn't play long on this stock.
First of all, have a look at the income statement of Tesla and compare it with NIO.
Tesla's revenue is 35.94 B ttm (Travelling twelve months) when NIO is 22.87 B ttm.
Tesla makes electric cars from the 2009 year, NIO started doing it in 2017.
Chinese cars are much cheaper than US cars.
What is more stock market recommendations show that NIO is making progress when Tesla is sitting in the same place.
Sources from which I took the information:
yahoo.finance
finviz.com
twitter.com
First of all, have a look at the income statement of Tesla and compare it with NIO.
Tesla's revenue is 35.94 B ttm (Travelling twelve months) when NIO is 22.87 B ttm.
Tesla makes electric cars from the 2009 year, NIO started doing it in 2017.
Chinese cars are much cheaper than US cars.
What is more stock market recommendations show that NIO is making progress when Tesla is sitting in the same place.
Sources from which I took the information:
yahoo.finance
finviz.com
twitter.com
Tesla is overvalued right now.