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
When comparing the PE to Amazon, BABA is seriously undervalued, no matter what the government is doing, they only want to ensure fair and sustainable business going ahead, they are not here to destroy a big company like BABA.