Why Optimistic Nio Investors Might Need to Pump the Brakes

Investors in Nio (NYSE: NIO) have been optimistic, pushing the Chinese electric vehicle (EV) maker's stock 41% higher over the past six months. Deliveries are on the rise, its two new brands -- Onvo and Firefly -- are gaining traction and entering new right-hand-drive markets, and it hopes to break even in the fourth quarter.Let's look closely at why investors are optimistic, but also why recent data from Chinese rival XPeng should have Nio investors pumping the brakes on the hype.It's not too difficult to understand why Nio investors are optimistic. Onvo and Firefly are gaining in popularity with consumers, who are driving deliveries higher. Nio delivered 40,397 vehicles in October, a new monthly record and a 92.6% increase over the prior year. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool