In 2020, the stocks of NIO Limited grew by 1,300%. They have been growing as if there were no coronavirus crisis, and three weeks ago, the growth even sped up.
The electric vehicle industry is developing by leaps and bounds, stocks are constantly growing, but the market has potential. It's not too late to jump on the fast departing train.
Today, I will speak about electric cars, Tesla stocks and how rivalry makes car producers cut down on the terms of preparation for serial production.
Tesla (NASDAQ: TSLA) has been downtrending since December, having lost around 48% so far. In early May, in another Tesla stocks review, we mentioned the short position percentage had been around 25%. Now, it's already 28.12%, and every single day, the negative sentiment increases. When the stock was above $300, there was not so much of negative forecast; currently, both the leading banks and analysts are downgrading Tesla's rating. Some even say the company may get restructured, and call Elon Musk a scammer, probably just to make their short positions more effective.
NIO is just starting out. Founded in 2014 by William Lee, it had already managed to create EP9, a supercar, by 2016, which beat the world record on Nürburgring Nordschleife in Germany. The first electric car, NIO ES8, was released in mid 2018, while six months later, NIO ES6 appeared.