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My investment in Tesla and NIO
13 Apr 2021 (306 views)

I hold the following shares:

400 shares of Tesla at US $649 = $259,000
500 shares of Nio at US$ 52.8 = $26,400

These shares were held over the past one month.

I have confidence in Tesla due to its manufacturing expertise, battery expertise and autonomous driving technology.

I decided to invest in Nio as it has a high profile in China and many people are quite excited about it. However, its scale of operation is much smaller than Tesla and it does not have the advantages held by Tesla. It outsources its manufacturing and uses battery from third party suppliers.

Nio reported delivery of 20,020 vehicles during the first quarter of 2021. However, it ranked in 10th position in the China EV market.  The stock price has been declining during the past month for several reasons. The stock price is now $37.1, reflecting a loss of 30% ($7,800) on my investment.

Tesla reported delivery of 180,000 vehicles during the first quarter of 2021, way above analyst expectation. The stock price has moved up since. The price is now $701, reflecting a gain of 8% ($20,970) on my investment.

Tan Kin Lian
 


My investment in Tesla and NIO
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I hold the following shares:

400 shares of Tesla at US $649 = $259,000
500 shares of Nio at US$ 52.8 = $26,400

These shares were held over the past one month.

I have confidence in Tesla due to its manufacturing expertise, battery expertise and autonomous driving technology.

I decided to invest in Nio as it has a high profile in China and many people are quite excited about it. However, its scale of operation is much smaller than Tesla and it does not have the advantages held by Tesla. It outsources its manufacturing and uses battery from third party suppliers.

Nio reported delivery of 20,020 vehicles during the first quarter of 2021. However, it ranked in 10th position in the China EV market.  The stock price has been declining during the past month for several reasons. The stock price is now $37.1, reflecting a loss of 30% ($7,800) on my investment.

Tesla reported delivery of 180,000 vehicles during the first quarter of 2021, way above analyst expectation. The stock price has moved up since. The price is now $701, reflecting a gain of 8% ($20,970) on my investment.

Tan Kin Lian