Quote (Candyzcanes @ Feb 7 2021 04:43pm)
can't wait to yeet it, been holding for like 4 months
did some more research and you find that they have had battery fires, been bailed out like x2 times in 2020, it's chinese so you risk it being delisted or not having the same collective interest as where you're living.. once it gains 10% or loses 20% im outtie and throwing it into GRN, most likely (green energy etf)
I wouldn't be so concerned about the bailouts. It's very common in China for the government to continuously lend, forgive debts,etc.
Ultimately, NIO is not a zombie company and should only be unprofitable in the short-term.
They have the backing of their government and are actually producing thousands of vehicles a month and that makes me bullish enough.
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