NIO stock has been a major part of many hedge funds portfolios for quite some time, but times are changing and many hedge funds are bailing on NIO stock and are dropping this EV stock from their managed positions. This may be the perfect time for everyday investors to come in and swoop up some shares at a major discount. The average analyst price prediction on NIO is also discussed in this video, which may give you some insight as to where NIO stock may be trading in the next 12 months. ---------- Want to Learn More About Investing? Join the Discord! ‣https://discord.gg/7h4XYYZ5Xv ---------- ‣ Webull: Get 2 FREE Stocks (worth up to $1850) when you sign up and deposit $100: https://act.webull.com/k/TdZsywUU2blu/main ‣ M1 Finance: Get a FREE $30 for signing up with M1 Finance: https://m1.finance/Mqjiru-uHB9X ‣ Robinhood: Get a FREE Stock for signing up with Robinhood: https://join.robinhood.com/evanh1170 ---------- For those who haven't been keeping up with NIO recently, here is a little background. NIO recently received a price forecast upgrade from a JP Morgan analyst among other analysts who gave NIO a new price target which is great news and a very bullish sign for NIO. Some other news regarding NIO, if you missed some of my older videos, NIO ended up selling 88.5 million shares in August and they originally only planned to sell 75 million shares, and they sold these shares at a price of $17 per share, while the price was at $18.50 at market close on that previous Friday. NIO stock also has a lot of potential, and they are currently competing with Tesla over in China, which is pretty huge because not many companies can compete with Tesla. NIO also recently released their battery-as-a-service which has been a bullish catalyst for NIO. This battery service will allow NIO customers to lease the battery rather than having to buy an entire ES6, EC6, or ES8, greatly reducing the price to own an electric vehicle. This could also cause people to question "Is NIO the next Tesla?" NIO also has a potential deal with Intel to create robotaxis by the year 2022 and this could be huge for NIO and NIO's share price. Stick around because you don't want to miss this one. Also, if you're reading this, leave a comment about what your favorite EV stock is, I'd love to hear it! A great brokerage when you are just getting started is Robinhood. They also allow for fractional shares, dividend reinvesting, as well as a whole host of other goodies! You can also sign up for Webull, which gives more in-depth information if you are looking for a brokerage with a little more power. Either way, they are both great platforms! Links above to sign up for both brokerages and get free stocks when you sign up. DISCLAIMER: Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click them and make a purchase and/or subscribe. I am not a financial advisor nor do I claim to be. The ideas and opinions presented in this video are personal opinions and for entertainment purposes only. Fair use is a legal doctrine that promotes freedom of expression by permitting the unlicensed use of copyright-protected works in certain circumstances. Section 107 of the Copyright Act provides the statutory framework for determining whether something is fair use and identifies certain types of uses—such as criticism, comment, news reporting, teaching, scholarship, and research—as examples of activities that may qualify as fair use. #NIOstock #NIO #NIOanalysis #NIOupdate #NIOstockupdate