$NIO Inc.(NIO)$ Tesla's retrea

Tesla's retreat is a huge break for NIO. Alps' first model will be one that competes directly with the Tesla (NASDAQ: TSLA) Model Y, and the BOM (bill of materials) cost will be about 10 percent cheaper than Tesla's, Li said in the analyst call. What’s more, China deregulation of bank car loans will accelerate EV sales starting this week. Get ready. That is very big news and goes well with the option to rent the battery. Sales will boost.

NIO is selling their EV in the biggest EV market ( CHINA ) and also expanding their EV in the 2nd biggest EV market in Europe. NIO won't face the same situation as Fisker, Rivian, and Lucid.

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