Will NIO get funding?
It’s amazing what $1 billion in funding will do for a company’s confidence.
On June 15, Nio sold 72 million American Depositary Shares at $5.95.
Assuming the underwriters exercise their grant to buy 10.8 million more, the company will have raised gross proceeds of just under $493 million..
Is NIO a real company?
Nio Stock Technical Analysis Shares of the China-based electric-car startup are near record highs but have been on a wild ride. Nio stock went public at 6 in September 2018, then hit a low of 1.19 in late 2019 on sales and cash woes. Through most of 2020, shares rocketed as the Chinese EV market rebounded.
Is NIO overvalued?
While Nio is no doubt growing quickly, with Revenue on track to double this year, the stock looks overvalued in our view for a couple of reasons. … Nio is also very richly valued at about 26x projected 2020 Revenues, compared to Tesla which trades at about 12x.
Is NIO a good long term investment?
2020 has been a solid year for Nio (NYSE:NIO), the Chinese electric vehicle (EV) maker. Since the start of the year, the stock is up over 900%. Put another way, the proverbial $1,000 invested in early January would now be worth well over $10,000.
Why is NIO losing money?
NIO posted a net loss of RMB 11.4 billion in 2019 and had several spontaneous combustion incidents. NIO also spent about RMB 500 million to recall 4,803 faulty ES8s, hitting the company’s brand hard. … NIO was founded in 2014, and as of 2019, it has lost about $4.1 billion on a net profit basis.
Who is behind NIO?
William LiNIO (car company)FoundedNovember 2014FounderWilliam Li (Li Bin)HeadquartersShanghai , ChinaNumber of locations4Chinese name26 more rows
Can NIO reach $100?
Overwhelmingly, 76.5% of Benzinga traders and investors said Nio would indeed reach $100 per share by 2022. Our study revealed investors saying the EV sector will explode in 2021, Nio could emerge as a leader in the sector.
Is NIO better than Tesla?
Tesla Is The Safer Bet Overall, while Nio’s faster recent growth and unique innovations such as Battery as a Service (BaaS) – which allows customers to subscribe for car batteries, rather than paying for them upfront – are no doubt interesting, we think it remains a riskier investment compared to Tesla.
Who is Tesla’s biggest competitor?
Six electric vehicle companies competing with Tesla:Li Auto (LI)Nio (NIO)Nikola Corp. (NKLA)Workhorse Group (WKHS)Canoo Holdings (CNOO)Lordstown Motors (RIDE)
Why did NIO stock go up?
NIO – NIO Limited. Sign in to post a message. There were two big themes that led to skyrocketing stock prices in 2020: COVID-19 vaccines and anything having to do with renewable energy. Electric-vehicle (EV) manufacturer NIO (NYSE: NIO) and it’s 1,044% year-to-date gain falls under the second category.