Tesla (NASDAQ:TSLA) is the epitome of the electric vehicle revolution. Nio (NYSE:NIO), on the other hand, has always been a younger brother stuck in Tesla’s shadow. But now the little brother is taking over and spearheading the charge on electric vehicles, and Nio’s stock is starting to reflect that shift in momentum.
Tesla stalls and Nio accelerates
Over the past month, Nio shares are up 33%. TSLA shares were down 3% over the same period. Such a huge performance difference has never happened before with the Nio stable and vastly outperforming Tesla.
Something is happening below the surface.
In particular, the fundamentals underlying Nio are improving dramatically, while Tesla is just flattening.
As for Nio, the company basically said the chip shortage crisis is in the rearview mirror, with its purported June shipping guidance.
In short, Nio reported delivery figures for May and they weren’t good. The fall continued month after month.
But they maintained their overall supply target for the second quarter, which means a huge 15% increase in June shipments.
In other words, Nio says they are in the process of going from struggling with growth to growing very fast again.
This is very good news.
New license agreement
In other news, Nio recently won a very important license in Europe.
This license allows Nio to start selling its cars in Europe very soon.
The first deliveries to Norway are expected to start in September. Nio is already reaching its audience in Norway, and from there, the gateways will soon open to the rest of Europe.
Much of the bullish message for Nio is that it’s not just a Chinese electric vehicle company – it’s a global electric vehicle company.
Bottom line on Nio Stock
Success in the next six to twelve months will confirm this thesis and will significantly increase the value of Nio’s stock.
Overall, the sentiment underlying Nio is improving dramatically.
Meanwhile, Tesla’s sentiment remains unchanged.
This is why you see the difference in performance.
This delta will persist. Buy Nio stock for big profits over the next six to 12 months.
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As of the date of publication, Luc Lango did not have (directly or indirectly) any positions in the securities referred to in this article.
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