Great analysis on the Short Seller's attack by Dr Wealth
Short seller Grizzly attacked $NIO Inc(NIO.US$ in a report published June 28. I found out today that @Alvin Chow 邹咏翰 , a.k.a Dr Wealth, had made an amazing video analysing the attack. So sharing his great work so that investors can learn and understand what happened from him Do like, share and subscribe to his channel if it have helped you
The funniest attack by Grizzly is that they accused NIO of over supplying batteries to Weineng, their battery swap station company.
How is 40k batteries an oversupply when there are 19k users? If Weineng only buy 19k batteries, 1 for each user, then there won't be any batteries left for their swap station as their NIO vehicle doesn't come with the battery. LOL.
I guess that is what happen when analyst are high up in their ivory tower calculating figures, while knowing nothing about logistics and real situation on the ground
The funniest attack by Grizzly is that they accused NIO of over supplying batteries to Weineng, their battery swap station company.
How is 40k batteries an oversupply when there are 19k users? If Weineng only buy 19k batteries, 1 for each user, then there won't be any batteries left for their swap station as their NIO vehicle doesn't come with the battery. LOL.
I guess that is what happen when analyst are high up in their ivory tower calculating figures, while knowing nothing about logistics and real situation on the ground
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