JPM analyst is a poorly rated guy
Investors can use this downgrade as an advantage to DCA lower. JPM downgraded it yet still holding millions of Nio shares? Contradicting ya. Only one obvious purpose. To create fear and buy more at a cheaper price.
Just remember the reasons for investing in NIO.
1. EV is the future.
2. NIO advantage over other brands is the battery swap. This will only be appreciated after current EV owners realize the frustration of wasting 40-45mins charging time instead of 7-10mins battery swap time every single time.
3. Expect more brands to collaborate with NIO using their battery swap technology
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