Trader point of view:
Tesla and NIO have a significant positive correlation, which means they will go in the same direction, no matter high or low, they go together!
NIO / Tesla price ratio YTD:
How you can benefit from this?
When NIO / Tesla reaches 0.08, sell NIO , and when it is near 0. 05 Buy NIO
If you are a trader and love to work on , Buyin and Shorting NIO will always be better than Tesla!
Investor point of view:
If you are an investor, investing in tesla would be a better option for you because of lower and better performance! however, I recommend investing in neither Tesla nor NIO .
They both have experienced a decrease in trading in 2021, and made lower high patterns in weekly charts:
Apple vs Microsoft