$NIO Inc.(NIO)$

On a day when all the US indexes closed lower, it is a great surprise that Nio's share price has jumped 1.01% to USD 21.97.

I believe that this is just a Bear Market Rally for Nio and not sustainable in the near term.

Nio's share price is rather volatile.  In 52 weeks, the price range is a low of 11.67 to a high of 44.27.  The immediate support level is 19.

But in the next 12 months, Nio shares could double in value.  This is due to Nio's ET5 sedan which is rapidly becoming a top selling premium EV given the initial positive demand for the EV and Nio's efforts to boost production.  Nio has received about 200,000 pre orders for ET5 and Nio is set to deliver its first batch on 30 September 2022.

Nio delivered 25,059 EVs in 2Q 2022.  Nio said that orders for ES7 were exceeding expectations.  The 1st batch of ET7 EVs were shipped to Europe in August.

Nio said that ET7 and EC6 production in July slowed down due to supply issues related to casting parts.  However Nio expects vehicle production to accelerate in the coming months. 

Nio has now delivered 60,879 EVs year to date, bringing up cumulative deliveries to 227,949.

My Target price for Nio is 19 in the short term but this can easily be doubled within the next 12 months.  So if it drops to 19, I will buy Nio. 

@MillionaireTiger@Tiger_chat@TigerStars@CaptainTiger

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.

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  • Guavaxf30
    ·2022-09-15
    Some logic but target price may be too high. The news about ET5 is not new. Yet buyers buy up is one of the worst days for the DOW? Not sustainable I feel.
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    • koolgal
      Thanks for sharing your insights
      2022-09-15
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    • koolgal
      There is some uncertainty now
      2022-09-15
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    • koolgal
      Yes that is true
      2022-09-15
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  • gohtk
    ·2022-09-15
    The first resistance to break is $25. To double it would be difficult given to soft landing of current consumer market and soft outlook.
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    • koolgal
      I agree with you that the market is soft.
      2022-09-15
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    • koolgal
      Thanks for sharing your insights and knowledge
      2022-09-15
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  • JC888
    ·2022-09-14
    U knw the volatility is due to Wall St's usual doing of hyping up the prices n then sellg to profit take right? Mustn't fall into its trap.
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    • koolgal
      That is the usual Wall Street ploy.
      2022-09-15
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    • koolgal
      Yes I agree with you
      2022-09-15
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    • koolgal
      Thanks for sharing your insights
      2022-09-15
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  • Coyotero
    ·2022-09-14
    Not so far, Nio sp will be in 30st and difficult to catch up
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    • koolgal
      Thanks for sharing your insights and knowledge
      2022-09-15
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    • koolgal
      Yes patience is required
      2022-09-15
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  • TraderAT
    ·2022-09-14
    Hope you will get opportunity to buy today only[LOL]
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    • koolgal
      Thanks
      2022-09-15
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    • koolgal
      I am waiting to go below 20
      2022-09-15
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  • TraderAT
    ·2022-10-07
    @koolgal getting $NIO Inc.(NIO)$ at deep discount. Buy buy buy at every dip and burn money[Happy][Miser]
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    • koolgal
      Best of luck 🍀🍀🍀
      2022-10-07
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    • koolgal
      Thanks for sharing your insights
      2022-10-07
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    • koolgal
      Good time to buy.
      2022-10-07
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  • LucasOng
    ·2022-09-14
    Why not u sell a 19 put?
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    • LucasOngReplying tokoolgal
      Collecting income while waiting for it to fall to $19!
      2022-09-15
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    • koolgal
      Thanks for sharing your insights
      2022-09-15
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    • koolgal
      Great idea.
      2022-09-15
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  • MoneyCub
    ·2022-09-14
    Thank for sharing.
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    • koolgal
      My pleasure
      2022-09-14
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    • koolgal
      M
      2022-09-14
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  • aiyoh79
    ·2022-09-14
    Thanks for sharing
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    • koolgal
      My pleasure
      2022-09-14
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    • koolgalReplying toJoe1997
      Thanks
      2022-09-14
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    • Joe1997
      Gu
      2022-09-14
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  • Eddie Teng
    ·2022-09-15
    Agreed, I will buy more in the next drop cycle [Miser] [Miser]
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    • koolgal
      Great idea. 😍😍😍
      2022-09-15
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    • koolgal
      Thanks for sharing your insights and knowledge
      2022-09-15
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    • koolgal
      Yay!  Great minds think alike 😍😍😍
      2022-09-15
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  • youtiao
    ·2022-09-14
    thanks for sharing! :)
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    • koolgal
      My pleasure
      2022-09-14
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  • lyKeoh
    ·2022-09-14
    good to know.. nice
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    • koolgal
      Thanks
      2022-09-14
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  • HelenJanet
    ·2022-09-14
    Thanks for sharing 👍😊
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    • koolgal
      My pleasure
      2022-09-14
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  • JJVoon
    ·2022-09-14
    [Miser] [Miser] [Miser] [Miser] [Miser] [Miser] [Miser] [Miser] [Miser] [Miser]
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    • koolgal
      Thanks
      2022-09-14
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  • Akt
    ·2022-09-15
    How to get coin for beaish and bullish wuesy
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  • Michelle Ong
    ·2022-09-15
    Like back thanks
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    • koolgal
      Thanks
      2022-09-15
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  • K734
    ·2022-09-14
    Thanks for sharing
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    • koolgal
      My pleasure
      2022-09-15
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  • Kin23
    ·2022-09-14
    Thanks for sharing
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    • koolgal
      My pleasure
      2022-09-14
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  • SPOT_ON
    ·2022-09-14
    [Happy] [Happy] [Happy]
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    • koolgal
      Thanks
      2022-09-14
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  • Shirleyopy
    ·2022-09-14
    EV stocks seem very volitate
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    • koolgal
      Thanks for sharing
      2022-09-15
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    • koolgal
      Yes it certainly is.
      2022-09-15
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