Friday 13 November 2020
Chinese electric vehicle stock NIO is now up 1,200% for the year-to-date and has shown little sign of slowing down. Often pegged as a primary Tesla rival, NIO is today worth almost $66 billion, making it the sixth most valuable carmaker in the world ahead of major marquees like US’ General Motors and Germany’s BMW. On the other hand, Elon Musk‘s wunderstock Tesla is still number one, having eclipsed Toyota earlier this year. But while Tesla has impressively returned nearly 400% this year, its 2020 returns seem small compared NIO’s. In the 10 years since Tesla‘s IPO, the company’s stock…
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