Replies to post #14485 on Nio Inc (NIO)

[Bullseye85]

$20 Soon. NIO has Room To Grow



https://markets.businessinsider.com/news/stocks/this-nio-stock-dip-is-a-buy-that-traders-wont-want-to-miss-1029400638#

Year of the EV Stock

To be sure, 2020 will go down in history as the year of the electric vehicle stock. Tesla (NASDAQ:TSLA) has rallied as much as 329% so far and is the most popular and widely followed ticker in the industry. But its meteoric gains have been matched and exceeded by lesser-known newcomers.

Shanghai-based Nio was up 309% on the year at last week’s peak. And then there’s the insanity of Nikola (NASDAQ:NKLA), which rose as much as 811% before sellers finally struck. It doesn’t hurt that the stimulus-driven rally in the broader market off the March low has bulls running wild. Still, the magnitude of the ascents in NIO stock and friends has been astounding.