$NIO Inc (NIO.US)$ Stock looks like range bound, seems fair...
$NIO Inc(NIO.US$ Stock looks like range bound, seems fairly valued now without much of upside/downside left.
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103484522 : range bound waiting for onvo.
VIVEK SURANA OP 103484522 : I think the ONVO factor is already priced in. ONVO needs to sell at least 20K to break even. And NiO doesn't even have that capacity. One of the analysts predicted 10 k ONVO delivery in 2025. So ONVO will keep losing money for a couple of years. In fact, the stock downfall started after ONVO launch.