The tailwinds are too strong for NIO. I cannot see why this company will fail when 2 strong governments China and Abu Dhabi are backing NIO with tax incentives and monetary infusion. EVs are no longer the old EV with just electric motor powered by battery. It has evolved into AIO (all-in-one) vehicle. battery technology, NIOMI GPT,  games,visual and audio entertainment, conference meeting, self-drive, auto-park and auto-recall, auto-battery swap, AI chip, scalable upgrades, LIDAR sensor, ...

My 5 rules of Investment 1. Shareholder's Strenght  2. CEO' s Vision & Integrity  3 .Balance Sheet Strength  4.Income Model.   5. Business Moat

I was too careless and complacent with my investment procedures