Interesting video. Mainly talks of points similar to those recently mentioned by a MarketWatch article. What you guys reckon about Tesla's future competition in the Chinese market, especially looking into 2021 ?
I bought Tesla stock because after driving the Model S, it was clearly the best automobile ever made -- head and shoulders above anything else on the market, and clearly and obviously at least a decade ahead of the competition (Model 3/Y didn't exist yet). My experience driving and later owning the car put everything i read about Tesla into a different context.
As for NIO: From my perspective, it seems foolish to blindly risk money betting on a product i have no way of testing out first-hand, trusting only the word of internet sources.
I don't want to be misunderstood: I'm not saying NIO won't be successful (although at a glance, i'd say their lack of vertical integration already precludes them from being the next Tesla). All i'm willing to say for sure, though, is that without first-hand experience with a company, i'm unwilling to bet my own money it.
The only other stock i've ever invested heavily in was AMD, after building multiple 6-GPU crypto rigs using their products. Maximizing gains / minimizing risks mining crypto required me to go deep down the rabbit hole of architectures and product roadmaps and at one point tracking yields and deliveries and so on.
I guess what i'm trying to say is the best research has to
start with first-hand interaction with the product, it's the only way to learn which factors are important and which are red herrings, hype, FUD, or irrelevant. I wouldn't know where to begin evaluating NIO because i have no way of driving one, and no experience being a Chinese consumer shopping for a car. I don't know the product, and i don't understand the market. I don't really see how anyone outside of China can.
(one of the rigs i built ... this thing kept my office warm all winter, with the thermostat off and the windows open!)
