facebookWhat do you think about Nio's future after they just sold $31M factory equipment To Tesla? - Seedly

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Rachelle Lye

Digital Marketing at Fintech

31 Mar 2021

βˆ™

Stocks

What do you think about Nio's future after they just sold $31M factory equipment To Tesla?

Are you vested in Nio? How do you think it will affect Nio's and Tesla's share price in the near future?

https://finance.yahoo.com/news/nio-sold-31m-fac...

Discussion (1)

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Brendan Wong

31 Mar 2021

Economics Undergraduate at Nanyang Technological University

Hello there! Just FYI, this happened in 2019, so I doubt it will affect their share price in the near future. Regardless, I'm personally bullish on the entire EV sector (both TSLA and NIO included), as I expect EV sales to rise consistently. But if you're looking in the near future, share prices are still really volatile due to many macro factors. The fact that NIO is a China company makes it even more volatile. But personally, I believe that the risk will be worth the reward in the long term :)

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