$NIO Inc (NIO.US)$ Don't look at the short term, look Abit l...
$NIO Inc (NIO.US)$ Don't look at the short term, look Abit longer. last few months everyone kept reducing Nio's target price. suddenly last one month people start adding and maintaining the target price. Asking you to hold or buy.
It's not coincidence, there are numbers that back it up. the bottom for China EV likely had already passed. But it's not like one day raise $20-30. it will take Abit time. If you haven't got into Chinese stock... Maybe now is a good time to look.
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RiotMaraMan : Speculation. NIO future is gloomy. Not expecting profit till 2027 if it does. Burning through money ...wpuld have gone bankrupt if not for investors pumping money. High of 60 now 5 and cannot recover. Fundamental value minus 7 dollars.
74216494 : Increasing losses because of ONVO. Needs about 20k-30k L60 to be sold, just to break even on that model. Quoted from "The Leading ZERO" of NIO. However, production of L60 SHOULD reach 20k/per month in March 2025. Does not mean, 20k/month can be sold. XIAOMI sells many more cars of just one type, compared to NIO with 7 models. Of course, you might just compare XIAOMI sales to NIOs sales of ET5, only, which is in similar price range ...