$NIO Inc (NIO.US)$$Tesla (TSLA.US)$ stock has performed ove...
$NIO Inc (NIO.US)$$Tesla (TSLA.US)$stock has performed over the last couple of years. That doesn't necessarily mean that NIO's stock will follow the same path, of course. But NIO is the homegrown favorite -- that counts for something in China -- and after a near-rough patch experience early in 2020, it's now flush with cash and scrambling to increase production.
NIO PLANS TO LAUNCH TWO NEW ELECTRIC SEDANS IN 2021, INCLUDING A PRODUCTION VERSION OF THE HANDSOME ET7 SHOW CAR.
It's a safe bet that big sales growth is coming. At least one analyst expects NIO todeliver 100,000 vehicles next year, up from probably about 45,000 this year. Given NIO's production plans, I think that's a reasonable expectation, maybe even a bit conservative -- and I think it's also reasonable to expect big growth for at least the next several years after that.
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curtaincall : Very true