Sure there is room to grow but also room to fall. I am super into EV market myself, but I am going with 'What if' theorem. What if Nio can't deliver what promised. It would not be the first time this happened to a company. Especially in the Automobile industry. Right now it is Cleary a hype and this curve to the upside is thanks to all who went FOMO on it. I could...
Due to COVID, car manufacturers don't have it easy lately (except you are Tesla or Nio). However, with the new EV fleet Volkswagen is building up, I do believe 120 USD is a great price to get in and hold for a few years.
Given the fact that softwares like Slack are on the rise, I feel it will go lower before some movement to the upside. Slack has to come up with some new service or features otherwise I don't see any upside.
