Nio Inc (NIO)

[phlabbergast]

So...

Pros:
1. Gov retracting license plate restriction per household (or something along those lines) for EV's. But there's so many EV manufacturers in China who knows how much this will help..
2. Gov announced they would aid NIO/joint venture with GAC

Cons:
1. Gov cut subsidies
2. Oversaturated EV market in China withi over 450 manufacturers, not including TESLA..
3. Tesla ripping once more with new budget models going out to China
4. NIO delaying US expansion/sales due to trade war
5. Trade war - which affects Chinese citizens negatively, aka the [NIO's] consumers
6. Decreasing sales, maybe ES6 will help (later on when it completes production and IF it sells)
7. Still currently an unprofitable company, so is Tesla but hey they got Musk at least..
8. Over 1 billion OS which I assume their diluting due to burning cash quick
9. Burning cash quick, at current cash on hand/rate of burn they'll be BK in 2 quarters I believe

.... yeah i'll hold off for now until some real good news comes out not the fluff that's been coming out.