To The Moon

$NIO Inc.(NIO)$ All eyes will be on Nio tomorrow as it reports its 3Q22 earnings. Nio's share price has been on a wild roller coaster ride this year. In October alone, Nio has lost almost 40% but has gained 10% in the past week. In the past year, Nio has lost a massive 74% from a high of 44.27 to a low of 10.56. Nio stock is definitely not for the faint hearted investors. Even though Nio's 2022 revenue grew 21% year over year, its vehicle and gross margins slumped on rising input costs. As a result Nio posted a huge net loss for 2Q22. Nio is also facing macro headwinds due to high inflation, rising interest rates and slowing global economy. Nio's production was also negatively affected by China's Zero Covid policy. There is also a trade restriction by the US on the export of semiconductors to China too. The competition is also intense from other EV companies too. However at 10.56, Nio is selling at a huge discount of 74% from its high of 44.27. Wall. Street Analysts are also bullish on Nio with a Buy rating and a median target price of 27.98, an upside of 150%. Nio offers good value and is a time saver with its battery swapping feature. It only takes 10 minutes to swap a battery versus 30 minutes on a rapid charge. With the green energy movement on the rise, the addressable EV markets is huge. China is also the largest vehicle market too with 26 million units in 2021 alone. There are also rebates given by governments worldwide for EVs including China and the US. However I am Bearish on Nio in the short term and if goes below the psychological level of 10.00, it is a Buy. Nonetheless I am Bullish on Nio in the long term as its growth story is not over by a long shot. Time and patience are certainly required for Nio to achieve its full potential in the long run. @Daily_Discussion@MillionaireTiger@TigerStars@CaptainTiger