NIO is under attack from several sides. I see it falling to a new LOW (mid 20's) after NIO day, if it even gets to go up by NIO Day.
1. China FUD & delisting fears.
2. Inconsistent monthly productions and lower than expected sales due to high priced vehicles. "Production of an economically affordable vehicle can boost sales."
3. Paid influencers like jim cramer spread more fear and cause more exists from the stock and lower newer investors.
4. Inflation fears.
5. USA China relationship.
These are all driving the stock down. Most problems will ease if a new model that is economically affordable and with the chip shortage easing in 2022.
Long term falling wedge is forming and we can see a break out after the 1st Qtr of 2022. "Maybe".
1. China FUD & delisting fears.
2. Inconsistent monthly productions and lower than expected sales due to high priced vehicles. "Production of an economically affordable vehicle can boost sales."
3. Paid influencers like jim cramer spread more fear and cause more exists from the stock and lower newer investors.
4. Inflation fears.
5. USA China relationship.
These are all driving the stock down. Most problems will ease if a new model that is economically affordable and with the chip shortage easing in 2022.
Long term falling wedge is forming and we can see a break out after the 1st Qtr of 2022. "Maybe".