Saltyag15 said:
Ouch...NIO took a big hit this morning. They're citing a chip shortage that is resulting in a production halt. SHOULD just be a short term issue.
If you're a believer in it for the long haul, seems like a good spot to buy more at right around $35.
I like NIO as an idea not a long term hold, I see most of these companies mainly as R&D not car companies. I think if they truly had the means to produce reliable cheaper cars the traditional car makers would've swooped in and bought them out