𝗟𝗲𝘁’𝘀 𝘁𝗮𝗸𝗲 𝗮 𝗹𝗼𝗼𝗸 𝗮𝘁 𝘁𝗵𝗲 𝗖𝗵𝗶𝗻𝗮 𝗘𝗩 𝗰𝘂𝗿𝗿𝗲𝗻𝘁 𝘀𝗮𝗹𝗲𝘀 𝘀𝗮𝗹𝗲𝘀
👉 EV auto sales in China rose 12.5% in October as the virus eases
✔️ Passenger 9%
✔️ Commercial 30%
This includes all types of vehicles, including trucks and buses, as we are seeing sales rising in all departments.
𝗫𝗣𝗲𝗻𝗴 𝗿𝗲-𝗲𝗻𝗳𝗼𝗿𝗰𝗲𝘀 𝗘𝗩 𝗖𝗵𝗶𝗻𝗲𝘀𝗲 𝘀𝘁𝗼𝗿𝘆 𝘄𝗶𝘁𝗵 𝗤𝟯 𝗺𝗮𝘀𝘀𝗶𝘃𝗲 𝘀𝘂𝗿𝗴𝗲 𝗼𝗳 𝗱𝗲𝗹𝗶𝘃𝗲𝗿𝗶𝗲𝘀
🚗 165.7% quarter on quarter
🚗🚗 265.8% year on year
𝗘𝗩 𝘂𝗻𝗱𝗲𝗿 𝗣𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁-𝗘𝗹𝗲𝗰𝘁𝗲𝗱 𝗝𝗼𝗲 𝗕𝗶𝗱𝗲𝗻
Democrat President-Elected plans to spend $2T on EV infrastructure as well as other green projects.
By 2030 it is expected to build 500K charging stations and full EV tax credit
𝗛𝗼𝘄 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗮𝗳𝗳𝗲𝗰𝘁 𝗡𝗜𝗢?
We all know the stock market always trades future value, 𝗻𝗲𝘃𝗲𝗿 𝘁𝗵𝗲 𝗽𝗿𝗲𝘀𝗲𝗻𝘁.
I do believe NIO is a great company with a very interesting product lineup and it’s on the correct market at the correct time.
𝗛𝗼𝘄 𝗯𝗶𝗴 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗯𝗮𝗻𝗸𝘀 𝗮𝗻𝗱 𝗳𝗶𝗿𝗺𝘀 𝘀𝗲𝗲 𝗡𝗜𝗢
𝗖𝗶𝘁𝗶 𝗿𝗲𝗶𝘁𝗲𝗿𝗮𝘁𝗲𝘀 𝗼𝗻 𝟰𝘁𝗵 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝗶𝘁𝘀 𝘃𝗶𝗲𝘄 𝗼𝗻 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗮𝗻𝘆
👉 very strong order backlog with high margin
👉 reduced battery cost
👉 policy tailwind related to exports
𝗖𝗶𝘁𝗿𝗼𝗻 𝗽𝘂𝗹𝗹𝘀 𝘁𝗵𝗲 𝗽𝗹𝘂𝗴
Two years after making a bullish call, Citron says
📢 “It is time for investors to rotate out of NIO, enjoy your profits and look for the next disruptive technology,”
The new price target is $25
This activated some SELL orders on the market
✔️ 9 Buy
❔ 5 Neutral
❌ 1 Sell
I’m bullish on this stock for the years to come, although right now, we have a 1-year return of 2.485% on the upside.
𝗜𝗳 𝘆𝗼𝘂 𝗮𝗿𝗲 𝗮𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗼𝗳 𝗡𝗜𝗢
👉 I suggest you use the eToro feature “Close only part of the trade” and secure some profits, maybe take out your initial investment and let the rest grow.
𝗜𝗳 𝘆𝗼𝘂 𝗮𝗿𝗲 𝗡𝗢𝗧 𝗮 𝗡𝗜𝗢 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿
👉 I suggest you tread carefully, as this latest rise might fall dramatically.
As investors like to say, 𝘀𝘁𝗼𝗰𝗸𝘀 𝗴𝗼 𝘂𝗽 𝗯𝘆 𝘀𝘁𝗮𝗶𝗿𝘀 𝗯𝘂𝘁 𝘁𝗮𝗸𝗲 𝘁𝗵𝗲 𝗲𝗹𝗲𝘃𝗮𝘁𝗼𝗿 𝗱𝗼𝘄𝗻.
If you like the topic of 𝗖𝗹𝗲𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗮𝗻𝗱 𝗘𝗩, I STRONGLY suggest you take a look at Tony Seba #CleanDisruption presentation.
I’m very bullish on this theme, as there is no planet B.
𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘆𝗼𝘂 𝗱𝗼𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗡𝗜𝗢 𝘀𝘁𝗼𝗰𝗸, 𝗯𝘂𝘆𝗶𝗻𝗴 𝗺𝗼𝗿𝗲, 𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝗼𝗿 𝗵𝗼𝗹𝗱𝗶𝗻𝗴?
eToro Post $NIO (Nio Inc.)