$NIO Inc.(NIO)$ In 2020 all the analysts were targeting NIO at $75 or more. At the time they knew NIO had no sedans, no factory (JAC contracted ES6 and ES8 builds) and was limited to 7000 units a month. Covid limited capacity and sales. Fast forward to 2024, NIO is averaging 17,000 units a month, has developed a supply chain second to none and is widely considered the leader in EV tech. (ET9) with a mass market ONVO in the wings. Let's not forget 150KWh batteries, cutting edge battery swapping and a partner list that ranges from Shell energy to Lotus. Now the analysts are in the business of UNDER VALUATING NIO so their own banks can glom shares. Do not be fooled. Smart money knows the real story while dice rollers play for pennies, they are setting themselves up for life. Amazon went from $7.00 to $1200 a share BEFORE they made a nickel in profit. Never forget that.
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