NIO - DRIV: The Electric Vehicle Bubble Is Bursting

March, 02 2021 11:34 PM NIO Inc. American depositary shares each representing one Class A

Electric vehicles are the future, but that does not make EV stocks good investments.
EV stocks have risen largely due to massive "hobby investing" growth which has fueled an alarming increase in those borrowing money to buy stocks.
While the surge in new entrants is good, it has pushed many electric vehicle (and related) stocks up to unreasonable levels.
As we reach the one-year mark from the beginning of 'the bubble,' many may soon look to take profits on major winners for tax purposes.
ETFs with high exposure to the "EV Bubble" such as Global X's DRIV may be a great short opportunity as the speculative rally becomes a bust.

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Company Name:	NIO Inc. American depositary shares each representing one Class A
Stock Symbol:	NIO
Market:	NYSE
Website:	nio.com