$NIO Inc.(NIO)$ is being squeezed by Chinese competitor BYD, market leaders TESLA, as well as legacy carmakers FORD, VOLKSWAGEN and GENERAL MOTORS [Cool] Despite all time high sales almost every month, somehow NIO has yet to become profitable which should be concerning, especially since they are expected to spend even more in the coming months to compete with the abovementioned manufacturers. [Victory]
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Comments
Its the law of the Biz jubgle.
It can happen to any EV.
Why just single out NIO.?
What abt US EVs like Lucid, Lords Downe, Fisker, Faraday? They haven't even produce any EV commercially!
Can explain why dun focus on these US EV makers?
The probability of them goin bankrupt are much higher no?