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
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