As we stand today, NIO is much more successful than Tesla ever was and at this time, or there a bouts, compared to Tesla at or around the same time period in production & sales, Tesla was trading north of $360 a share and only delivered 2,400 cars compared to NIO delivering over 46,000 vehicles.
"Entering 2018 Tesla faced several difficulties. Missed predictions had led investors to dump the company's stock, and in the middle of 2017 it lost more than 5% of its value in a collapse worth $12 billion. By January, 2018 Tesla was producing its Model 3 sedans at a fraction of the rate it had anticipated. Over a three-month period the company managed to finish and ship 2,400 cars after promising consumers and investors that it could complete more than 5,000 per week."
On 07/02/2020, NIO announced as of June 30, NIO delivered 46,082 vehicles with 14,169 already delivered for 2020.
These sales figures topple what Tesla sold and at or around the same time period, Tesla stock spiked to around $389.61.
These are real figures from the Tesla timeline I have listed herein and using monthly stock charts for Tesla's stock price at that time period.
NIO is also in much better financial condition than Tesla ever was at or around the same time in the production and sales cycle / timeline.
Folks, when you look at the monthly stock prices for Tesla, and compare the timeline link I have herein, NIO is extremely cheap and deeply undervalued at current levels.
Also, NIO has the Chinese Government behind them. Tesla, at or around when the company started, only raised $500 million from a DOE loan and Tesla was burning cash like water.
NIO just raised almost $1 Billion in funding. NIO is financially in a better place than what Tesla ever was.
The way I see it, the Chinese Government will not let NIO fail to Tesla, a USA auto company.
In my opinion, after researching Tesla vs. NIO, I personally think NIO should be trading at or around $350 to $500 a share with their financial and sales figures.
Best of luck longs!
DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
@JimJJ, NIO is due out with a sedan, watch the stock hit $50 to $100 on the news! Not only is NIO blowing past Tesla's numbers, NIO is dirt cheap at current levels especially when I see stocks like WKHS and SHLL, to name a few, with nothing to offer, no sales, and they're trading much higher than NIO. With almost 150 million shares short, when the shorts start to cover, NIO will take off like a rocket ship!
I agree. Cars looks extremely good.
Knowing how China usually protects well its industry, they surely have support and potentially, eventually the exclusivity.
washguy
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You are wrong on so many levels I dont no where to start......NIO is nothing.....not even a wet dream....Ive made a pretty nice sum on NIO......its a crapshoot not investing though....buy some LK coffee to go with that shinny new NIO car....sweet dreams :) Wash
JimJJ
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@washguy, NIO is the real deal buddy. NIO is a company with one of the best products in the market and it is backed by Tencent and the Chinese government. This stock will easily be in the 3 digits a few years from now. Making coffee a daily routine for all Chinese is a wet dream, but solving the air pollution problem is not.