$NIO Inc.(NIO)$ $Tesla Motors(TSLA)$ Even as Nio’s share price has been trending downwards, this is no time to count Nio out.
The company could present a serious threat to Tesla with its upcoming ET5 sedan model. Similarly priced to Tesla’s Model 3, the ET5 appears to have superior range at a competitive price point.
So don’t lose faith if you’re holding NIO stock now. This up-and-coming Tesla rival could surprise the critics in 2022 with (hopefully) a foray into the U.S. market and a new sedan with remarkable range.
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