The Bullish Case for Nio Stock Is Greatly Misguided [Yahoo! Finance News]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance News
NioNIOThe Bullish Case for Nio Stock Is Greatly MisguidedSource: Sundry Photography / Shutterstock.comIn February, the company was close to collapse. Then it got a $435 million loanto keep the lights on.more than twiceThe delivery numberput a bid under Nio stockInvestorPlace - Stock Market , Stock Advice & Trading TipsI disagree.Nio Got a BailoutChina signaled its intention to keep Nio alive in February, signinga $1.4 billion dealJAC MotorsThe price of the bailout is that Nio will be incorporated into the mainstream of Chinese car operations. The company agreed to build new offices in the city and “deepen its relationship with local ecosystem partners,”its press release said.Since the deal was announced, China’s economy has begun to re-open. China got thenovel coronavirusTesla RampantBut Tesla is still rampant in China. Teslasold over 10,000 cars in Chinalast yeardidn’t expect the cavalry to comeThe Bad The bad news is that Nio is no longer unique.JAC is one of China’s “big four” comp
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