When Will NIO Stock Hit $100 Per Share? (Should You Buy Now or Wait) - NIO Stock Price Prediction

Why did NIO stock drop so much today and when could they possibly get to that magic $100 mark? In this video, I go over a stock update for NIO and run through an updated NIO analysis, as well as some information addressing what my thoughts are on why NIO pulled back so much day and about when I think they could get to $100 per share.
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For those who haven't been keeping up with NIO recently, here is a little background. NIO recently received a price forecast upgrade from a JP Morgan analyst among other analysts who gave NIO a new price target which is great news and a very bullish sign for NIO.

Some other news regarding NIO, if you missed some of my older videos, NIO ended up selling 88.5 million shares in August and they originally only planned to sell 75 million shares, and they sold these shares at a price of $17 per share, while the price was at $18.50 at market close on that previous Friday. NIO stock also has a lot of potential, and they are currently competing with Tesla over in China, which is pretty huge because not many companies can compete with Tesla. NIO also recently released their battery-as-a-service which has been a bullish catalyst for NIO.

This battery service will allow NIO customers to lease the battery rather than having to buy an entire ES6, EC6, or ES8, greatly reducing the price to own an electric vehicle. This could also cause people to question "Is NIO the next Tesla?" NIO also has a potential deal with Intel to create robotaxis by the year 2022 and this could be huge for NIO and NIO's share price. Stick around because you don't want to miss this one. Also, if you're reading this, leave a comment about what your favorite EV stock is, I'd love to hear it!

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I am not a financial advisor nor do I claim to be. The ideas and opinions presented in this video are personal opinions and for entertainment purposes only.

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Видео When Will NIO Stock Hit $100 Per Share? (Should You Buy Now or Wait) - NIO Stock Price Prediction канала Money in Motion