NIO and NNDM
by Anonymous Questions | October 15, 2020 6:09 pm
Travis,
What are your thoughts on NIO, Chinese electric car maker, and NNDM, Nano Dimensions?
I’ve purchased both recently and they have recently jumped up significantly in value.
Thanks for all your work and insights.
Source URL: https://www.stockgumshoe.com/2020/10/microblog-nio-and-nndm/
Haven’t looked into either of those in any detail, sorry — perhaps someone else will chime in. Some seriously bouncy charts on those two.
I own 300 shares of NIO with an avg price of $9.04 so I’m happy with just sitting on it. I keep hearing things like it will be the Tesla of China. Also, that Chinese gov has major taxes on anyone buying a gasoline fueled car so the future in China is definitely electric. Sad part was I owed this last yr (500 shares) @ 2.89 and sold it when it dropped to 1.40… ouch but this time I’m staying in it. I keep hearing through the grapevine it will be $40 at the end of the year. Good luck but I like the company I’m staying put since I don’t own a ton of it.
Nice, I m hoping that I made the right decision, had to hedge the stock as I bought at higher price earlier, now has 1000 shares @42.29 close to what the current price is….leaving it for a long term.
Nio… are there any specific comparisons being made to Tesla? Is there any data indicating a similar rise in Nio stock?
Wondering about the passivity in discussions around Chinese EVs! GM is in connection with Wuling (WLMTF), NIO and XPEV have made great development and it looks that Biden would have on his agenda the rehabilitation of the trade relations with China. Stay healthy!