NIO's stock has surged in 2020 as the company has gone from a near-broke start-up trying to survive to a stable, fast-growing automaker with big plans and ample cash to fund them. The market for electric vehicles in China, home of the world largest EV market, is expected to boom over the next decade and NIO is leading the way.
Nio and Tesla have been dominating the EV sectors in the US and China, respectively. When NIO announced it lost $4 billion between 2017-2019, we started building a speculative position, because we knew the Chinese government, which had a stake in Nio, wouldn't let it go under. We were fearful when other were greedy, and with this mindset we have over 1000% gains on this stock alone.
11 / 06 / 2023