$NIO Inc.(NIO)$ In 2020 all the analysts were targeting NIO at $75 or more. At the time they knew NIO had no sedans, no factory (JAC contracted ES6 and ES8 builds) and was limited to 7000 units a month. Covid limited capacity and sales.
Fast forward to 2024, NIO is averaging 17,000 units a month, has developed a supply chain second to none and is widely considered the leader in EV tech. (ET9) with a mass market ONVO in the wings.
Lets not forget 150KWh batteries, cutting edge battery_swapping and a partner list that ranges from Shell energy to Lotus[Happy][Happy][Happy].
Now the analysts are in the business of UNDER VALUATING NIO so their own banks can glom shares.[Smart][Facepalm][Facepalm]
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