Nio's actions are mobilized after the famous short seller praised "Chinese Tesla"



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Shares of US dealer electric car manufacturer Nio Inc. rose more than 10% on Monday after legendary short-seller Citron Research called it "much more than a Chinese electric car story" and "the Worst way to bet against China. "

Nio ADR

NIO + 9.32%

were expecting their best day since October 15th and their biggest gain since November 1st. The shares debuted on the New York Stock Exchange in September.

Andrew Left, of Citron Research, began by saying that he had learned "not to be a shattering followed by a sect and a great ephemeral interest alongside a patient investor" when he was spent years fighting Tesla Inc.

TSLA, + 0.89%

Lemon shot a long time on Tesla in October after years of betting on the title. By March, Tesla's shares would have fallen to $ 100 by the end of the year.

Lesson learned, Lemon's left went on to assert that Nio, just like Tesla, was not a mere history of Chinese electric car, and that his "visionary management revolutionizes the high-end automobile industry in China "at a time when the Chinese government vehicles one of the main priorities of the country.

Read more: Tesla IPO in China: 5 things to know about Nio

Nio "is not just a car company, it's a lifestyle and a brand ready to be disturbed and the implications for stock prices can not be ignored," Left said in a note. Even Tesla would be "envious" of the gap created by the company.

The dealerships are called Nio Houses and are not just places to buy cars, but rather "club-style" club-style spaces where NIO customers and prospects can socialize and use a variety of member-based features. " said Left.

"The brand recognition and customer loyalty that came out of it exceeded anything that Tesla could have created in the United States in its early days," said the short seller.

Nio also has the benefit of being a second driver and learning from the "growing suffering of other electric car manufacturers," Left said.

The report was so complimentary that the left had an answer for those who were wondering if it was about a "Nio publicity".

"NOOOOOO … .but we just do not understand how anyone can run out of this stock. Have not we made this mistake in the past ???

Nio is expected to unveil its ES6 crossover next month, with production expected in the first half of 2019. Left has urged other short sellers not to "short a major positive catalyst," as Learned their relationship with Tesla.

"Thanks to Nio's management team, superior product, outstanding brand loyalty and extremely short interest rate, we know how this story ends for short sellers," he said. declared Left.

The NIO ADRs have gained 56% since their IPO and 12% so far this quarter, contrasting with losses of 8% for the S & P 500 index.

SPX, -1.86%

in the neighborhood.

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