Stop asking why and use your brain :)

$NIO Inc (NIO.US)$ I see people wondering why the price of NIO is going down lol. This is how you know there'so many novice investors in the market now and were due for a big crash. If you really asking why NIO is going down, you should really be asking yourself why you bought at this price already. NIO is already at the price it should be 5 years from now. You know NIO still has not made a profit yet to this day, they are still at a loss every earnings. Why does NIO deserve 80B market cap today when it doesnt even make a profit? In 5 years from now maybe it deserves to be this price, but today? Youre insane if you investing at this price, do some DD, the competition in EV is getting crazy, everyone making a EV now, in 5 years from now, theres no guarantee NIO will be the best, and they still have A LOT to prove, like I said they make 0 PROFITS. This stock price deserves to be no higher than $20 at this point, it got too high too quick and youll see much better buy opps in the future, however with how heavy competition is, I doubt NIO lives up to this valuation.