Friday, October 11, 2019 8:19:24 PM
2. Nio has depleted their staff in California where they have a U.S. office because of excessive debt, so any chance of them being able to afford to try and expand to the U.S. is not feasible.
3. If you have studied Nio's financial results, then you know they do not have cash on hand or in reserve to even suffice them through the next 12 months.
4. Their debt level continues to increase and they had trouble securing their last $200 million.
5. If you own the stock you might want to research their debt obligations and not condemn those who have.
6. The Chinese govt. had allowed tax abatements last year to try and assist electric car purchases in China, but has sense cut way back on this assistance and Nio is having to reduce the cost on the new models to try and attract buyers, which as one would expect is cutting into any actual profits they hoped to attain.
FULL disclosure: I sold the stock when it was at the $10 level and you can go back and read my post on this board. I sold because there was no way that the high valuation could be sustained, and it was not. I am not short the stock nor do I own puts and if I had any intention of doing so I would have done it after I sold it, NOT now.
... JMHO
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