45% swing incoming
If there is not a trend break for NIO in the next few days, this thing will likely have a massive run-up to 80$. CCIV or Lucid is currently trading at around 57$, making Lucid a 57*1,2 = 68,4 billion dollar company, as a direct competitor to NIO. However, NIO is far ahead, and their vehicle deliveries might hit 100k this year. NIO's current evaluation is LOW compared to Lucid, whom will likely go even higher on a 100% confirmed merger deal. NIO is in the background becoming more and more attractive as a swing trade or just a great entry for long-term holds. Keep this high on your watchlists!
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