Is NIO A Legit Company?

Will NIO beat Tesla?

While both companies trade at a similar valuation, with a price-to-sales multiple of about 13.5x based on projected 2020 Revenue, Nio is growing more quickly, but Tesla might be the safer bet.

Nio is in the earlier phases of growth with revenue expanding 56% last year, with growth likely to pick up to over 90% in 2020..

Is NIO a real company?

Founded in 2014, Nio emerged on the China auto scene with little experience in the mass manufacturing of electric vehicles.

Will NIO be successful?

Nio will surge 85% as Tesla’s China success is a ‘rising tide lifts all boats’ phenomenon, JPMorgan says.

Can NIO reach $100?

Nio operates in China’s premium electric vehicle market. … 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 overvalued?

Nio has a lot of momentum heading into the latter part of the year. As a result, Nio stock’s six-month return relative to the S&P 500 is a massive 1,048%. Though it’s currently overvalued, the poor possibilities of a pullback present a great opportunity for investors to expand their portfolios.

Is NIO good for long term investment?

The Bottom Line on Nio The shares will likely be volatile at the time. Short-term traders may also make directional bets, contributing to high volatility. However, long-term investors can regard any dip in the shares, especially toward the $30-level, as a good opportunity to buy.

What does NIO mean in Chinese?

NIO Lifestyle: Our Chinese name, Weilai, means Blue Sky Coming and this is represented in our symbol. The top is about the sky, openness, vision, the future.

Is NIO making money?

Nio’s Revenues have grown from around $720 million in 2018 to about $1.12 billion in 2019, as its vehicle deliveries grew from around 11,300 units to about 20,600 units. … Nio reported about $1.12 billion in Total Revenues for full-year 2019.

Is NIO better than Tesla?

Besides its unit price superiority to Tesla, Nio’s Pilot performs better than Tesla’s auto-driving solution. Officially, Nio released the semi-autonomous technology in October. As Chinese customers compare Nio to Tesla, they will find that Nio’s assisted-driving solution is better suited for Chinese traffic conditions.

Should I buy NIO stock Zacks?

The financial health and growth prospects of NIO, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.

Why did NIO stock go up?

NIO stock (ticker: NIO) climbed 23% on Oct. 14 after J.P. Morgan analyst Nick Lai raised his rating to Buy and his price target to $40. NIO shares have stayed right around the $26 to $28 level since the upgrade. Shares have held on despite a 20% average decline in other electric-vehicle stocksBarron’s tracks.

Will NIO Stock survive?

The Chinese EV sector is the largest new-car market in the world, according to Barron’s. Barron’s says that the average price target on NIO stock for analysts with “buy” ratings is $17. … Nio has shown that it can survive. Now it must show that it can thrive.

Is Nio the Tesla of China?

Nio isn’t Tesla. Instead, Nio (known as Wèilái in China) faces far stiffer competition than Tesla ever did. With at least 14 other electric vehicle manufacturers in China, it will take far more than wishful thinking for Nio shareholders to win.

Why is NIO losing money?

The company’s progress was tripped up by a number of things: a battery recall, the Chinese government’s reduction of subsidies on expensive electric vehicles, a pre-pandemic slowdown in China’s economy, and — by Nio’s own admission — five straight years of unchecked growth.

What will NIO stock be worth in 5 years?

What will NIO Inc – ADR stock price be worth in five years (2025)? The NIO (“NIO” ) future stock price will be 358.571 USD .