Nio Inc. (NYSE: NIO) came in hot for the first week of November, looking ready to rumble with Wall Street — and traders everywhere were cheering for an epic smackdown.
The EV king has struck again with a record number of deliveries for the stock raging Monday — 5,055 deliveries in October and a 100.1% year-over-year growth, absolutely crushing the EV market.
The fact that the automotive maker was about to double its deliveries from October 2019, in the middle of a pandemic and recession, is very impressive.
The call buying for this stock has become non-stop, making the pre-market Monday morning very ludacris for investors by skyrocketing up more than 6%.
In total NIO delivered more than 31,000 vehicles in 2020, making that a beautiful 111.4% increase year-over-year
And if that weren't remarkable enough, this stock has truly become a champion of 2020 — from March's lows to Nov. 2 massive NIO stock buy, the stock has rallied more than 1,500%.
With all this bullish momentum going, is this stock worth investing your money in November? |
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