Short NIO - $9 billion of market cap to be lost
NIO is on luxury side, meaning it can’t compete with BYD for the global south/rest of the world EV market… also BYD made 3.58 CNY per share last quarter and NIO lost 2.81 CNY per share last quarter so BYD likely to outcompete NIO hard
Chinese declining demographics mean that every year the domestic market is going to be getting smaller and smaller, reducing space for a profitable future… (same deal in nearby markets across Asia, especially S. Korea, Japan, Vietnam)
Chinese declining demographics mean that every year the domestic market is going to be getting smaller and smaller, reducing space for a profitable future… (same deal in nearby markets across Asia, especially S. Korea, Japan, Vietnam)
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103027647 : onvo coming
NOOB212 103027647 : Ohno
b34r : At this price ($4.5) the risk/reward for shorting NIO is quite bad. It's unlikely to drop more than $2 but the upside potential (short-loss) is much bigger.