Nio - first Chinese EV company trading on NSE

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MelindaV

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#1

GDN

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Is anyone following this company? I love Tesla and I'm a believer, but it isn't just about buying Tesla stock because I believe in them, it's also about wanting to make a buck myself. NIO looks like the perfect place to do that, but I wonder if I'm missing something. I know it is a China company, but I don't know how their real company performance gets reflected in a stock trading on the US markets.

From what we hear about the potential China market, if they are pretty close to a vehicle and deliver, it seems this company would have to grow at a decent pace and stock based at $5 a share looks like a huge bargain.

I'm just trying to understand if I'm missing something here. Thinking it could be a buy. Any thoughts?
 

MelindaV

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I have a handful of their shares. whenever I transfer money over to my stock account, any scraps left over I generally will buy a share or two of Neo. that said, I am still in the hole because of the higher price I paid on the original shares just after they went public (or at least available in the US to purchase).
 

GDN

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Well - I'm a gambler, Nio is down a little more today. So I sold a few shares of a Canadian Pot company and bought some Nio. So which will it be, do the Chinese need the EV more than the Canadian's need their pot. Only time will tell.