Nio is selling premium cars at a higher price point compared to their rivals. Automatically the onesthat are cheaper would get more deliveries.
Just because xiaomi sold more phones than the iPhone doesn't mean Xiaomi is a better investment than Apple.
Author needs to do a like for like comparison for more credibility. Not saying Nio is the best EV stock out there, but in terms of growth and branding i think they are definitely at a discount right now.
They are cheap for a few reasons.
1. China stocks FUD (delist/crackdowns)
2. Fed rate hike = growth stocks no longer attractive at this point due to higher interest rate in thefuture.
3. Tech sector gets affect the worst during the current times. EV is part of tech.
4. Supply chain shortage, this is still an ongoing issue for all companies that requires microchips for their product. Deliveries gonna be affected in the short to mid term until this gets solved on a global level.
I am not so bullish in the short term. But I definitely see this stock back to its 60s at the very least in a few years when the EPS finally goes positive. For now it is just a patience game.
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