With most of China on lock down due to the corona virus there is no way that NIO could be profitable at this point in time. $TSLA reported strong earnings and people are looking to buy $NIO due $TSLA being strong for EV as a whole.
However, NIO is unable to transport vehicle due to road blockages, employees are stuck at home, they have a $100 million bond payment due Monday and payroll due 2/7.
With no positive cash flow this company can not retain their revenue.
However, NIO is unable to transport vehicle due to road blockages, employees are stuck at home, they have a $100 million bond payment due Monday and payroll due 2/7.
With no positive cash flow this company can not retain their revenue.