To The Moon

As 'EV mania' keeps fading, and concerns about their fundamentals keep rising, steer clear of these EV stocks to sell.

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

As some recent company-specific developments will fail to have enough of an impact on time to prevent an increasingly-likely late-year price plunge, consider it best to keep avoiding NIO stock.

Bet_Noire NIO reported a 74% month-over-month increase in deliveries for June and reclaimed the important 10,000 delivery threshold as well. Further, data from the China Passenger Car Association shows that retail sales of new energy vehicles soared 10% month-over-month last month, indicating that Chinese electric vehicle start-ups could be entering the second half of the year with much stronger delivery and sales momentum than the first half. As a result, NIO could be set for continual delivery gains, in part due to recovering new energy vehicle demand as well as new product launches, such as the ET5 Touring which expands the company's sedan product portfolio. Since the company is experiencing new momentum after seemingly bottoming at $7 in June and NIO recently announced that it signed up a strategic investor for its EV mission as well, I believe the current rally has staying power!

Investing is always a gamble and stocks sometimes become a bitter disappointment. Here are some unde