Today we are gonna discuss what is going on with your nio stock, nio is the Tesla of China for those of you that don't know. I have been tracking Nio's talk for a while now, I seems like he's doing pretty well I mean like I've got in a week ago for only a 1 dollar 60 and from there I managed to see the stock go up way above the $2 mark.
Then I shot back to the $2 mark like three times this month so I believe its trying to create a new support level for itself above the $2 mark. It wants to go above $2 as far as I can see so what that means the company's doing well, the company is getting their deliveries out on time on schedule they are heading towards building up a stable company that's got a huge demand.
Nio's got the biggest EV demand in China like well China will have the largest electric vehicle demand in the world so Nio is apparently I heard some rumors that they not even making all the cars themselves. So I need to check into the finer details of those of that nature but they definitely are a frontrunner to become the next Tesla especially in China.
If you looked at Tesla stock recently tell the stock is she shot up to around three hundred sixty dollars a share. Now how crazy would it be if nio went from the $1.60 all the way upto $350 per share, amazing right. Obviously to do that you've got to be Tesla they are trying to be Tesla but only really Tesla can be Tesla.
But then you've got the other story of like for example the war between Intel and AMD, AMD was was not a front-runner for like they they they were behind Intel for quite a long time right. But now AMD is gonna struggle to catch up to Intel, I mean sorry Intel's gonna struggle to catch up to AMD because of how far along AMD has come in their production in manufacturing and how they have developed their cpu archetechtures in the marketplace you know.
You never know nio could just take off in a big big way with their line up of electric cars. They could come out with electrical I mean I've seen the electric cars they produce and I must admit they are high quality good grade electric cars.
They seem to have very similar technology to Tesla and they are pretty much up to speed in terms of having this technology and stuff in place inside their vehicles. I'm talking about the auto driving, I'm talking about the battery technology, I'm talking about the build quality and the usage yeah they've got some kinks and stuff but they've got their own charger network.
Across some of these issues are all problems that Tesla has already gone through so because Tesla has already gone through these problems I'm not too concerned that nio is going through through similar challenges because that is just how things go in the electric car world. I mean if I hadn't have seen Tesla go through similar challenges like how you know the charger Network fulfillment problems that happened initially.
Manufacturing issues costs and distribution problems operational cost fluctuation. If I hadn't have seen Tesla go through the exact same things then I would be thinking well or I would be a little slightly concerned with me on and be thinking okay what's gonna happen with the stock?
It isn't gonna go up down right right or which way is it gonna go, you know it's just one of them things but because I've seen Tesla go through these issues and hopefully the leaders the inside NIO will will take note from how Elon Musk dealt with these things when or if they happen to NIO. They need to now focus on mimicking how Tesla overcame these situations and how Tesla geared these situations.
For example was it by Elon Musk just using the brain of his and figuring out ways to overcome problems I mean well figuring out ways to reduce costs to improve efficiency. That's what he's been doing all the way through I'm sure he tried to do at the start but then when he's got problems that he's facing he knows how to fix them so they just need to copy what he did in these situations.
When they come up in their circumstance and NIO should be right as rain just like they're copying him anyway like thoughts and stuff you know but but he's all fari he was that competitor he wants the competition. He wants it because well really because Tesla owns like the biggest battery manufacturing firm factories in in the world which is all cause he wins either way then because of his leaves in the land or the battery technology contracts for the cars so he's not concerned about that even if there are more electric car manufacturers. Tesla's will always sell because of the type of brand that they've built.
I just won't touch on telling the stuff actually for now so Nio is doing well but in this same video I'm a touch on what I want to make a separate video about other EV stuff because I think they are on a boost mode at the moment and I need to find out why. I think their stock gets excited for reasons I want to deeper understand, I noticed that Tesla share price increases slightly I'm talking about like obviously now because a larger share price per share. So I'm talking about slight increases anywhere between one to three percent when they announced a new factory due to the fact that like people just get excited when it tells of how it expands.
It's always an exciting time so I mean Tesla has opened up a new factory and the share price has gone up slightly I mean I got in and I mentioned it on my youtube channel as well. I got into Tesla (I wish). I got into NIO at $1 60 per share and I got into Uber at $26 per share and no I'm sorry I didn't get into Tesla I voted to uber $26 per share I wishgot in to Tesla far before that.
But Tesla could be a few thousand $ like three to four thousand per share stock within the next 10-15 years the way is the REA is grow I've seen it go up by like a hundred dollars since I'll be watching it it could be a massive stock. And NIO I'm hoping we'll follow suit with Tesla even if Nio goes up to like $400 and you buy now when Nio's level cheap you know you are going to be in the money.
Not a financial adviser this is just my opinion I'm showing you what I'm looking at researching and if you you should seek for an independent financial advice. Especially if you read the UK I don't want to get here with none of these non disclaimer raw loss or you know like this is my disclaimer for you hope you enjoyed this article & video, make sure you hit the like button, subscribe, hit the bell icon when you subscribe on youtube & if you're on my website make sure you join our email list if you're on the video make sure you join the email list I will be sending out like stock alerts for what my personal stock alerts like what stock I'm looking at when I'm gonna buy it myself you can copy me if you want I'm just trading away that's the way I go catch you soon.