When people invest they invest in future growth potential and use current growth data as analysis. In the third quarter of 2020, NIO delivered 12,206, ES8, ES6 and EC6, representing a strong growth of 154.3% year-over-year and 18.1% quarter-over-quarter. In October alone 2020, it delivered 5,055 vehicles achieving another monthly delivery record. In the fourth quarter, Nio will confident that the deliveries will further grow to between 16,500 and 17,000 units. In regards of the sales and service network, NIO has opened 22 NIO Houses and 159 NIO Spaces in 106 cities and 159 power swap stations in 70 cities in China and completed over 900,000 battery swaps for its users. Moreover, it is developing the second-generation power swap station with lower costs and the better experience. And also planning to deploy the second-generation swap station in the first-half of 2021. The 100kWh battery pack will begin deliveries in December with more than 35% customers already bought BAAS. Together with the launch of the 100kWh battery pack, Nio will also provide permanent upgrades and the flexible upgrades by month or by year to users of the 70kWh battery pack. Operating losses have decreased to only 0.12 cents a share now. There is Europe expansion planned early next year. Then 2 new cars are going to be announced in January 2021 with a new car coming every year. They are working with Intel on self-driving Technology. CEO William Li said that the NIO and JAC should be able to manufacture 150,000 per year. Furthermore, as of September 30th, just 26,375 vehicles were delivered in 2020. By the end of 2021, NIO is set to deliver three to five times more vehicles. With a current market cap of $50 billion, we could easily see NIO have a market cap north of $100 billion. This is why ANALYSTS believe a $100 price is likely next year, especially when you consider that Tesla has a current market cap of $425 billion. Nio is not only a quality growth stock and they are diversifying and balancing their service portfolios to bring an overall competitive package to it customers to generate more sales. Blinds will not see this and they can do all they want to short the stock. Credit Sussie, Citi Group and Morgan Stanley upgraded the price estimates on NIO but it is clear that NIO will tread to $100 around summer of 2021.
Ignore all the bear posts. Dont get scared and hold your shares for next leg up to 60-70. We should touch 80 plus before next earnings.
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