NIO Quadruples Over Three-Month Period
NIO Inc. (NIO), informally known as the Tesla of China, has gone on an incredible run over the last three months, up over 400%. This run has been fueled by positive e-vehicle delivery data and overall growth in the electric vehicle market. Names like BYD Company (BYDDF), Workhorse (WKHS), Nikola (NKLA), Tesla (TSLA), and Tortoise Acquisition Group (SHLL) are just a few others that have ridden this electric wave upwards along with NIO.
Although NIO has the potential for acquiring a huge share of the e-vehicle market in China, the