$NIO Inc.(NIO)$ Thinking shorts just found a way to cover at 3.88 .... private placement to cover FTDs. This news is super bullish folks. You need to buy now. Either a short covering or some investor wanted in. This was not Nio's doing for adding cash. Somebody wanted in.
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Comments
It's a miracle to get that low for those who never expected this.
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If no buyer then RnD is going to eat up the cash reserves and that is not promising looking forward.
Company likely to run out of cash if they don't sell more cars.
Battery swapping is not enough to feed RnD.
Are my worries a concern?
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