Nio vs. Nikola: Which Is the Better EV Investment Right NOW?
President-elect Joe Biden has been a boon for the surging electric vehicle (EV) sector since winning the election — assuming it’s over, of course…
When it comes to EVs, everyone knows Tesla Inc. (Nasdaq: TSLA) is king.
But Nio Inc. (NYSE: NIO) and Nikola Corp. (Nasdaq: NKLA) have also seen a lot of movement this year… some good, some bad — if you’ve seen my “I Call BS” segments, where I call BS on a particular company, you know some of the bad!
But which is the better investment now when it comes to Nio vs. Nikola?
Nio vs. Nikola: A Tale of Two Tapes
We’ve had so much news in the EV circuit, and Nio has actually been around the block for a while. Its stock price is up over 1,100% year to date and revenue is up almost 150% in the third quarter of 2020 alone.
Vehicle sales? Also up nearly 150%, which is a record for the EV-maker.
Nikola, meanwhile, has a deal in place with GM for fuel cells for trucks it will allegedly make at some point — it has none on the road right now. CEO Trevor Milton, an Elon Musk wannabe, resigned recently after allegations of fraud. Milton also just unloaded a boatload of shares, so he’s making his billions…
When it comes to positive share price moves in the battle of Nio vs. Nikola, the latter hasn’t seen as much good news in recent months. Nikola was trading around $75 a share back in June but is now under $20.
There’s a lot to undress here between these two EV companies. Is Nikola now a good price after falling so far from its mid-summer heights? And Nio… it’s share price has risen so much, how do you justify getting in now?
In this battle of Nio vs. Nikola, I see a clear-cut winner. Check out my short video below and I’ll break down which one I’d invest my hard-earned money in…
P.S. For more money making stocks like these, make sure to check out this video below!
Electric vehicles are on track to be the most transformative shift we’ve seen in the past century…
The first way of riches came from Tesla’s historic two-year run… which not only triggered a new wave of “Teslanaires,” but led an entire shift in how we look at transportation.
And for early investors who act fast, this opportunity couldn’t be more lucrative.
A perfect storm brewing between the biggest automotive companies in the world right now…
And former hedge fund insider Lance Ippolito just uncovered one under-the-radar company that could hold the keys to unlock the next wave of EV millionaires.