snappix
04-08

$NIO Inc.(NIO)$

NIO WINS SAFEST EV in EU NCAP

Additionally, Tesla scraps low-cost car plans amid fierce Chinese EV competition.

April 5 (Reuters) - Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.

What’s more, Ha, I have positions in Lucid, Fisker, and Nio, and I'm much more confident about Nio's future prospects than the other two, which is why it's now my largest investment (next to my home). I think Lucid will make it too, as they have huge support from the Saudi government, which has committed to buy a lot of vehicles from them in addition to providing cash when needed. Fisker is at risk of going bankrupt, though I'm holding onto that investment too, as it's worth so little now that the upside is much greater than the downside. If they can pull of what Carvana did, it will go up by at least 10X, and I think it has a 50-50 shot of surviving. Nio is the one that looks the best to me, especially at this crazy low price.

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