I wonder if this is a self fulfilling prophecy at times. He announces investment in a company and people flock to buy, driving up prices. Andthen he sells later at a big profit.
All Chinese stocks have this regulatory risk and sanction risk. If China continue to support Russia then may be it will get entangled by the sanctions and this will adversely affect pricing.
Is NIO Stock A Buy Or Sell After Recent Earnings? Marauding The Bears