A recent piece highlighted why Nio (NIO) may be a better long-term growth play than Tesla (TSLA). Certainly, that sentiment appears to be holding true, at least since that article was published. Since that May 26 piece, Nio’s stock price is up approximately 23% at the time of writing. However, investors in TSLA stock have seen an increase of only 2.9% over this time frame. There are a number of reasons why this may be the case. It appears investors are starting to factor in Nio’s unique market position as a driving force behind higher projected global market share in the years to come.
https://www.tipranks.com/news/article/nio-chip-shortage-wont-chip-away-at-market-gains
Tesla (NASDAQ:TSLA)
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Tesla (NASDAQ:TSLA)
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