Nio is like the exact opposite of Tesla from a business strategy and operations perspective. I don't understand why anyone who's a serious Tesla investor would invest into Nio.
Because there will be more winners in this than just Tesla, especially in China. Much like Tesla, NIO is trying to make EV ownership easy. The legacy manufacturers are not responding to this market with EV solutions. They are just trying to ship cars like they aways have done, and even then they are not matching the pure EV companies products.
My cost basis in NIO <$7 share. Good thing I did not listen to all the posts telling me how NIO is not Tesla.
Its not about being Tesla, just about being the future.