The “Tesla of China” Is Already Up 94% Since My Bullish Call on Sunday

As of the end of the trading day on Wednesday, 7/8, this stock is up 248% year-to-date. It’s up 67% from my bullish call on Sunday – from $7.75 to $13 per share. And it’s on pace to quickly reach my elevated price target from here…

NIO NextEV / CC BY-SA

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Headquartered in Shanghai, NIO Inc. (NYSE: NIO) is China’s largest electric automobile manufacturer. That’s why it trades as an American depositary receipt (ADR) on the New York Stock Exchange.

finviz dynamic chart for  NIO

NIO operates in China's premium electric vehicle market and was founded in 2014 by William Li, the Chairman of Bitauto and NextEV.

The company designs, manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence.

NIO sells vehicles through its own sales network, including NIO Houses, NIO Spaces, and their mobile application.

Its SUV model include the ES8, ES6, and EC6, which range in price from $50,000 to $100,000 (similar to Tesla’s offerings).

The majority of NIO’s revenue is earned from selling SUVs, but the company also sells its EP9 supercar $1.5 million apiece.

NIO builds electric supercars to compete in the FIA Formula E Championship – the first single-seat, all-electric racing series.

NIO’s early investors include Chinese giants like Tencent, Baidu, Lenovo, and even the American venture capital firm Sequoia.

So far in 2020, NIO has risen significantly along with TSLA.

As of the end of the trading day on Wednesday, 7/8, NIO is up 248% year-to-date.

It's up 94% from my bullish call on Sunday – from $7.75 to $15 per share.

So, it's on pace to quickly reach my elevated $20-$25 price target.

That would represent an additional gain of 53% to 92% from here.

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ELON’S FINAL MOVE​

Elon’s new AI venture promises to create 10 TIMES MORE American millionaires than Tesla did.
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The 3 Titans of AI

Get ready to join the AI revolution! The unstoppable rise of artificial intelligence AI is taking the world by storm, transforming industries and reshaping the future. Excitingly, numerous companies are diving headfirst into this cutting-edge technology, pouring massive investments into AI to revolutionize their products, slash costs, and gain an unbeatable edge over the competition.

But wait, there’s more! Through meticulous research and rigorous analysis, I’ve uncovered the crème de la crème of the AI world. These three mighty AI behemoths are the crown jewels of the market, primed to ride the surging tide of AI adoption across industries.

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Free Access to Chaikin Analytics

Marc Chaikin has developed a system  over the past 50 years…

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How to Collect "Amazon Royalty" Payouts Before the Deadline

Thanks to a little-known IRS loophole, regular Americans can collect up to $28,544 (or more) in payouts from what is called “Amazon’s secret royalty program”…
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New "Forever Battery" making gas cars obsolete​

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Tiny TSLA Supplier To Soar

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Some are calling it G.T.E. and Mark Cuban, Elon Musk, Richard Branson, and even banks like J.P. Morgan are invested in the tech behind it.

Just $25 could get you in alongside these billionaires. 

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Steve Cohen, the billionaire stock picker known for running one of the most successful hedge funds ever, has poured millions into the first stock, and it’s trading for only 53 cents.

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