$NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$
NIO's fundamentals are super ugly. Most interesting is the overcapacity in the industry. EVs are nothing special, Nio is in the risky car business and constantly burning cash. It is important to see that we are behind the top of the hype cycle, see $Tesla Motors(TSLA)$ as reference. On the way up Nio was running on Tesla hype.
The stock is in a long term downtrend, making new lows again and again. It is bouncing now and then and may double easily, just to resume the downtrend later imo.
It has long term options. Put spreads are looking interesting to me.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
