$NIO Inc(NIO.US)$ Why such a downturn?

Which EV company do you think is the best? $Tesla(TSLA.US)$ $Lucid Group(LCID.US)$ $NIO Inc(NIO.US)$ $XPeng(XPEV.US)$

$NIO Inc(NIO.US)$ what the hell is going on

Bank of America recommends a BUY rating on $NIO Inc(NIO.US)$
Nio's ET5 & ET7 poised for success.
ET5 is their most pre-booked model ever.
Great time to buy NIO below $30

$NIO Inc(NIO.US)$
Investors are getting more skeptical about putting their money into shares of China-based companies after SEC recently decided to tighten its grip on foreign companies listed in U.S. The SEC will accomplish this by implementing a law requiring companies to submit their accounts reports and other documentation for audit. If they fail to comply, they face the risk of being banned from trading on U.S. stock markets.
TCW Group forecast "most" U S  listed China stocks will be delist by 2024. Meanwhile, Nio's rivals are gaining a foothold in China, with XPeng catching the attention of Cathie Woods' attention.

$NIO Inc(NIO.US)$ Almost catching up to Li Auto. Well done. lol