I have started to monitor $NIO Inc.(NIO)$ back in February this year. I considered myself sort of late to the EV boom.

At first, when i evaluated its fundamentals i noticed the market value back in Feb was crazily high. Immediately i stopped looking at it. However, i was impressed by their technologies to be able to bring their racing car EP 9 to the market.

Since then I have been monitoring and adding positions for each and every dips took place over months. The lowest i managed to get was 31.38. 

Recently, there was a lot of negative news popped out haunting Nio such as deadly accident related to possible abuse of NOP, lower monthly delivery etc. But all these failed to pull Nio lower, at least it managed to stay above 35. The momemt I got them at 31.38, there was no such negative news at all. 

With this, I seem to believe it will be safe to initiate a new position as long as it stays below 40. And the next thing to do is to observe how well they can attract the Norwegians market and their delivery of ET7 in the coming years. The other upside to note is the new models which will possibly be revealed to market by end of the year. 

Let's me know if you guys are having the same thoughts like I do? And feel free to comment.