Should you BUY NIO Stock? (Buy @ $41.63)
In today's video, we are looking at NIO stock! I hope you enjoy the video any questions let me know! Follow me on IG: https://www.instagram.com/investingwithcarter/
Why NIO stock is Rising?
NIO delivered 4,708 vehicles in September 2020, increasing by 133.2% year-over-year
NIO delivered 12,206 vehicles in the three months ended September 2020, increasing by 154.3% year-over-year
NIO delivered 26,375 vehicles in 2020 in total, increasing by 113.7% year-over-year
NIO began the deliveries of the EC6 in September 2020 and cumulative deliveries of ES8, ES6 and EC6 as of September 30, 2020 reached 58,288
I do think NIO has a ton of long-term potential but I do think we will get some short-term sell-off to around $35 per share. Now if you don't want to wait to invest use the strategy of dollar-cost averaging to get a good average price on your shares.
My buy zone: $30-$35
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