$NIO Inc.(NIO)$ The only scam here is the short side. What exactly makes NIO a scam? The battery swap network? The chips that are set to show up in a number of other Chinese brands soon? The world model or NOMI? Maybe the real scam is something else entirely. 123456789 battery swaps says that part works. 1.2 million vehicles sold, so the cars clearly aren't the issue either.
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GIC is running a big loss investing in NIO.
Many true longs are also suffering from huge losses.
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