$NIO Inc.(NIO)$ Fellow longs, I anticipate that this is just the beginning of a renewed upward movement in the coming days, weeks, and months.

Here's the newest very bullish information that I think will serve as a positive catalyst for Nio:

Even though revenue came in slightly below expectations, Tesla had a very strong Q3. The company made up for its modest revenue number by dramatically increasing margins by more than 4 full percentage points (not basis points, but percentage points). Or to put it another way, margins increased more than 400 basis points. That's simply amazing, and Nio is likely to follow suit and perhaps even top that improvement thanks to lowering the cost of produce its vehicles by manufacturing in-house and making its own chips along with other efficiencies.

I think we're heading much higher into Nio's Q3 earnings announcement and even more so after that.