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BottomBounce

03/28/19 3:35 PM

#60378 RE: value1008 #60375

$NIO Just Remember One of Teslas biggest investors took 11.4% stake in rival $Nio https://techcrunch.com/2018/10/09/one-of-teslas-biggest-investors-took-an-11-4-stake-in-rival-nio/
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bbotcs

03/28/19 4:22 PM

#60380 RE: value1008 #60375

value1008: NIO, etc.

I think that a much better play in this area is SOLO. It is a Canadian company that is going to manufacture cars in China. They just did a secondary offering of something like 3.5M shares priced at $3.60, and U can buy the stock near that price. The O/S count is moderately low.

China's middle class is 300M people and growing. I think SOLO should be able to sell cars.