The Long Investor

$NIO TOP 20

Added 2023-11-01 13:58:19 +0000 UTC

$NIO hit estimates today and reported just over 16,000 EVs delivered but I still feel it is disappointing to see their $XPEV and $LI deliver more and outpacing them.....yes $NIO is a premium vehicle compared to $XPEV and yes $LI is not a full EV maker but we need to see $NIO going beyond and pushing harder to hit higher targets each month.

There can be no more excuses now.

$NIO partnering with a legacy manufacturer would be both good in terms of guaranteeing supply chains issues and also mentoring management on how to deliver more economies of scales as $NIO expands.

Either way, the chart is still showing a drift down through the wedge and still $7 has not been tested yet.

I will be stopping these updates daily because there is no need for this, most days there is very little to report when $NIO is consolidating in a range.

I will update regularly as I do with all of the Top 20 charts.

We are holding $NIO long term and that plan has never changed.