often dubbed the "Tesla of China," fell out of favor with investors on Friday after Goldman Sachs downgraded the electric vehicle manufacturer to "sell" from "neutral."
Nio has enjoyed a sizable rally so far in 2020 as investor euphoria around electric vehicle manufacturers builds, in part driven byShares of Nio were up 221% year-to-date as of Thursday's closing price of $12.95. In the short term, Goldman expects Nio to have enough cash for the next two years thanks to a recent capital injection, and thinks revenues can grow 80% in 2020, 86% in 2021, and 72% in 2022.
Stop misleading people. There just one TESLA in China. The name of the company TESLA. TESLA is TESLA. NIO ≠TESLA.
Get your story right. Goldman downgraded NIO of China.
Clickbait. Tesla shouldn’t be in the title, just put Nio plummets 18%. Tesla is the Tesla of China.
In my experience when GS downgrades the drop is the bottom. $NIO
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
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