To The Moon

Many financial traders would immediately identifyTesla as their top new-energy vehicle investment. However, I invite you to consider China-based electric vehicle manufacturer Nio. There’s a compelling setup with NIO stock today as Nio is aggressively churning out its popular line of electric SUVs this year.You may have heard that some institutional investors are taking share positions in Nio. For example, Abu Dhabi-owned Cyvn Investments reportedly holds a whopping 124,833,157 Nio shares.Of course, you don’t have to buy 100 million or more shares of NIO stock to express your bullish outlook. After delving into Nio’s details, though, you may be persuaded to take a small but confident stake in this next-generation EV maker.I will not pretend that all the news associated with Nio is positive. Unfortunately, Nio will have to face a class-action lawsuit in the U.S. over the automaker’s factory-building claims.Nio is staying active with rapid vehicle production and a new smartphone. Some in

Nio seems to want to do many things at the same time. The company recently entered into a five-year partnership with Wencan Group, a supplier of one-piece die-casting parts. On top of that, Nio disclosed a collaboration with energy technology companyTibber, which provides an energy usage tracking app.It’s possible that Nio’s management believes “more” is the same as “better,” but that’s not always true. You may have noticed that many large, successful companies are reducing their operations and