Nio Stock Update and Analysis. My Nio Stock Predictions. One of the biggest stories of the stock market this past couple months has been NIO. They have been explosive this year with over a 2400 % growth. But one of the biggest questions concerning NIO is, have they reached their peak or do they still have more room to climb. That’s what I’m covering in today’s video. The last video I did on NIO they were trading around 21 dollars a share and this was after the recent 3rd quarter earnings report. So why exactly has it exploded since then? Well shortly after the earnings report came out, JP Morgan tripled its target price of NIO back in October. Since then NIO has been climbing in value almost each day it seems, and one of the reasons is a lot of analyst have been updating their target price. Now these analysts aren’t just some weirdos on YouTube like me, they actually work for credible companies like Bank of America, Credit Suisse, and Detuche bank. Bank of America boosted its price objective on Nio (NIO -3.4%) to $54.70 from $23 as it swatted away any concerns over valuation following the Q3 earnings report. BofA expects Nio to turn profitable in 2023, a year earlier than the prior forecast. Also on Wall Street, Deutsche Bank and JPMorgan raised their price targets to $50 and Credit Suisse topped the Street with a fresh PT of $60. The all-time high for Nio is $54.20. As of when this video was recorded, the price was around 48 dollars a share. So can NIO keep climbing, I personally say yes!! A lot of people say the EV market is too crowded and no one can beat Tesla or be the next Tesla. However, NIO has shown they can be innovative and have developed benefits other companies, even Tesla hasn’t even rolled out yet. One of those is the Battery as Service Subscriptions NIO launches Battery as a Service (BaaS) in China; battery swap system 21 August 2020 Premium EV manufacturer NIO has launched Battery as a Service (BaaS) for customers in China. NIO BaaS users can purchase a car without the battery, making EVs more price competitive against existing powertrains, while also providing the flexibility to change battery capacity depending on their needs and pay accordingly. With the battery price not included in the vehicle sales price, nor in the finance payments, the costs are significantly lower to switch to an EV. Users who choose to purchase NIO cars with BaaS can benefit from RMB 70,000 (US$10,000) off the car price across all NIO models, and subscribe to a 70 kWh battery pack for only RMB 980 (US$142) per month. NIO does have its fair share of competitors such as Tesla, BYD and General Motors. But keep in mind that they don’t have to be the lead car manufacture in China to be successful. China has a population of nearly 1.4 Billion people. NIO is one of the most active stocks right now being traded. There is a lot of attention and hype focused on this company. Until a poor earnings report comes out or a major setback occurs, this stock is still on pace to keep beating expectations and the opportunity to make a lot of money. #NIO, #niostock, #evstocks