it is up ~40% today and snatched 500 count equivalent of 5 options since options are not available. Once in few weeks or few months, hopefully, options will sprung up and thinking about protecting it with a PUT options considering it is going to have a wild run:
Things I found about NIO:
pros:
- their SUVS are cheaper and better than TSLA argues, who knows.
- huge domestic market in china backed by government
cons:
- many chinese wanna-bes tried and failed doing EV.
- so far sold only few millions worth of cars compared to TSLA.
- need to make billions to break even.
Things I found about NIO:
pros:
- their SUVS are cheaper and better than TSLA argues, who knows.
- huge domestic market in china backed by government
cons:
- many chinese wanna-bes tried and failed doing EV.
- so far sold only few millions worth of cars compared to TSLA.
- need to make billions to break even.