2 factors in NIO's recent spike; 1. record sales 2. EV Hype I am thinking we could see a sell the news scenario come into reality when earnings come and it will be ugly for the stock. This has achieved an all time high based on 1 month of sales. The velocity of the uptrend is discounting profitable quarters in the near future which is far-fetch. While I am bullish on EV, it is not a bad idea to hedge against your NIO position after this monster rally.
absolutely no way this stock is going back to single digits. China gave them billions and they are expanding to Europe. this stock will be triple digits in a year