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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Introducing Advertising Insider, Business Insider's new daily newsletter - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market news: Global stocks tumble after China GDP data - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Whenever I hear any positive financial news out of China I automatically think luckincoffee Barnes_Law Business insider globalists tool
Source: BusinessInsider - 🏆 729. / 51 Read more »
White House document reveals 18 states are in coronavirus 'red zone' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. You must have picked up the report from the “Hide From the Public” pile. Everyone else open up! sonaliranade Over confidence always bring you down to knees 😈 Americans'So called super power people' are showing to the world the power of foolishness & stupidity they possess. It's the'Virus'the invisible killer-you or infact the whole world is fighting & look at you 'How you behave' ?👎👎
Source: BusinessInsider - 🏆 729. / 51 Read more »
Goldman Sachs' consumer deposits see record $20 billion growth - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
HSBC downgrades stocks in China and IndiaThe bank, Europe's largest, downgraded China stocks from 'overweight' to 'neutral,' and India stocks from 'neutral' to 'underweight' in a report dated July 8. Stocks are just made up. Invest in stale bread and gold and you can retire in 5 years.
Source: CNBC - 🏆 12. / 72 Read more »