What I will be watching is the price action of NIO, and whether the low cost and subsidies implemented by NIO in April 2024 can really help in its earnings. There are still competition from new incumbents and also consumer behavior in China might slowed down due to economic uncertainty.
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.
