Let me ask you this, are you an investor? I’d like to think we all are investors. We invest our time, patience, experience, and of course our money. My question pertains to the latter and the stock market. The stock market can be challenging because there are many faucets to it; however, once to got it, you got it.
For instance, let’s take a look at the stock NIO. NIO is a car company in China that sells electric vehicles and has support from the Chinese government. They also sell batteries for electric vehicles and have perfected a battery swap method that should take 60 seconds or less. Some have deemed it as the Tesla of China. Many analysts are also saying that NIO will be able to compete with Tesla by 2024 or 2025. Elon Musk has kept his eye on the competition by tweeting in November of 2020 that “420 is better than 42”. In April of this year, he even congratulated the company on producing their 100,000th vehicle.
Just last year, this stock was $4 a share. I found it on the movers list at about $6 a share. There was something about this stock that caught my eye. After researching the company on brokerage companies’ websites, google, Motley Fool, and other websites, I determined this was an amazing stock. I even loved the company’s website. The cars they were developing seemed like something I wanted to drive. If this was the initial impression I had, imagine what others were saying. So I joined a Facebook Group dedicated to NIO investors. I even searched Twitter under $NIO for comments. Investors were engaged, wearing paraphernalia of the company, and quoting the company’s motto “Blue Sky Coming”. It was a NIO-demic during a pandemic.
Currently, on money.cnn.com reports this stock is around $50 a share with a 12 month forecast of $19.86 as a low and $92.23 as a high. Many factors could increase or decrease this forecast for the future, such as amount of deliveries for the month or quarter, semiconductor shortage, NIO Power Day, etc.
Other EVs to watch out for are: Li Auto, Xpeng, Nissan, GM, Ford, and long awaited IPO for Lucid Motors.
Take always from this article:
NIO has Chinese government support
Has a battery swap method of 60 seconds or less
Is deemed the Tesla of China
Produced 100,000th vehicle in April
Blue Sky Coming
Currently priced around $50 a share
Stock forecast between $19.86 and $92.23