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Any TSLA investors also investing in NIO?
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Since the NIO IPO I have been watching the stock, but I haven't been brave enough to invest yet. Has anyone else been considering it? What are your thoughts? Here are mine.
- The company already has a market cap of $6.5B so that makes it really expensive as a stock.
- I like their first-mover advantage in China.
- Their product seems well suited for the Chinese market. I travel to China for work and their SUV seems like exactly what Chinese people would like.
- They have a significant price advantage over Tesla in China because they produce locally and aren't subjected to taxes.
- They have been around a little while. They built a supercar, they won the Formula E world driver's championship, and have some other "street credential".
- They have delivered some vehicles, but it looks like less than 1,000 of them. Supposedly they have a 15,000 vehicle backlog for their SUV.
- They just raised 1.5 billion dollars in their IPO.
Anyone else have any thoughts? Is NIO the Tesla of China or are they a Johny-come lately.
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