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[BottomBounce]

$NIO MAJOR REASONS WHY THIS COULD HIT $15+
The Chinese Government is backing NIO
TenCent group invested 100's millions
Warburg Pincus Buys 28m shares
Credit Suisse Group says $12.60; The firm set an “outperform” rating;
Tesla investor Baillie Gifford & Co. acquired an 11.4% stake in the company.
Almost 45% Short; REQUIRED TO COVER
NIO (NYSE:NIO) has been given a $9.00 price objective by equities researchers at Deutsche Bank in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 38.67% from the company’s previous close.
NIO is also backed by Tencent, Temasek, Baidu, Sequoia, Lenovo and TPG. Founder&CEO of NIO is founder&CEO of Bitauto Holdings which has a revenue of > 1,54 billion. These are facts which can't simply be ignored.
Their History is INCREDIBLE- READ THIS
https://www.gurufocus.com/news/776847/contest-long-nio--pioneers-in-premiumclass-electric-cars-in-china