SFYF - Why NIO Is Probably Heading Much Higher
- NIO has been one of the worst-hit stocks during the selloff, dropping by 82% from its highs at one point.
- While investors have been especially hard on NIO due to China's COVID-induced restrictions, the decreased sales dynamic is a temporary phenomenon.
- NIO's potential in China is massive, and the company has ambitious goals to expand abroad.
- Also, when you buy a NIO, you get a top-of-the-line, high-quality performance vehicle, not your average EV.
- As NIO continues to grow sales and improve profitability, its share price should go much higher in the coming years.
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Why NIO Is Probably Heading Much Higher