NIO Limited (NIO)

Battery as a service to provide recurring revenue. This helps retain the value of the vehicle. Whole space has had a tough time. A hold for now. Favours TSLA as his favourite name in EVs.

It's had a huge, sharp run, so fast that he fears that if he recommends buying this at $44, then he will end up being too late. It's a heavily traded stock. He prefers Tesla.

NIO vs. TSLA Interesting idea of battery as a service, where you swap out your batteries. He's been looking at the Chinese makers, definitely a growth area. He definitely prefers TSLA.

Tesla vs. Nio Tesla has a credible rival in Nio, the Chinese company. Nio just unveiled a luxury e-sedan that includes Nvidia chips (which helped Nvidia rally) that could rival Tesla's cars. No, this isn't a zero-sum gain; there's enough market demand for both companies to thrive. E-cars make up only 3% of the market; you can have 10x the companies. Tesla can't satisfy demand; they don't need to advertise. Gas-powered cars are a thing of the past. Also, Biden will be friendly to green power, so there may be subsidies for e-cars, which will propel this industry. The only thing limited both companies is their production capacity which they can do if shareholders keep buying up shares. He sees this continuing, despite today's pullback. They are riding one of the great tidal waves of all time. Shareholders see themselves as stopping climate change, and are dedicated.

The strongest of the new rivals to Tesla. They've sold $2 billion worth of e-cars in the past 12 months, but are still losing a lot of money. The stock has gone insane despite that, soaring 1,100% YTD. What's wrong with this picture? Too high.

He worries about Chinese companies. Look what happened today with the Chinese to government challenging several tech companies for holding a monopoly. Look at Tesla instead.