Nio Inc (NIO)

[uksausage]

depends how much they have to dilute to raise the funds for the expansion.

60,000 at current capacity tp 300,000 target is a lot of factory and machinery and people costs.

So based on current share structure $100 is reasonable but expect significant selling of shares to raise cash $40-50 may be more reasonable. The wild card is valuing the battery as a service business and how effective launching in Europe is.

definitely a long term hold here