Too Late To Purchase Nio Stock?

Shanghai-based NIO stock Limited (NIO) at https://www.webull.com/quote/nyse-nio is planning on supplying five-, sechs- and seven-seater hybrid sports utility vehicles to Tesla Inc. (TSLA) in China, the US, Germany and the United Kingdom (SUVs). In the second quarter, as the cash-strapped producer collected required money, the viewpoint changed considerably, setting the stage for the growth of foreign revenues later this year or 2021.
The business has announced online sales for the second quarter of 2020 and improved its outlook for the third quarter, reporting that it is distributing between 11,000 and 11,500 vehicles in the third quarter with an excellent potential year-round growth of more than 130%. Investors were cheered by the better than predicted quarterly loss, but NIO was never helpful, while the January outbreak of Chinese coronavirus created concerns that it would run out of liquidity. Finally, this fear recedes and UBS and Morgan Stanley have upgraded their new …
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