Home Market Pulse Nio Earnings Are Tomorrow. Here Are Key Milestones on Its Run

Nio Earnings Are Tomorrow. Here Are Key Milestones on Its Run

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November 16, 2020

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Chinese electric-car maker Nio has been one of the biggest gainers in 2020. Tomorrow afternoon is a key moment because quarterly earnings are due.

While the Google Trends shows NIO’s popularity taking off in June, there were early signs of its potential to climb.

In late 2019, its sales were already starting to accelerate.
Later that month, Market Insights outlined the upcoming crash in oil and the potential embrace of ESG and solar-energy stocks like NIO, Tesla (TSLA) and Enphase Energy (ENPH).
This TradingView idea on April 14 noticed the potential for NIO to play catchup with TSLA.
Several up-and-coming electric-vehicle companies emerged in early June, including NIO and Plug Power (PLUG).
NIO broke out of a bullish ascending triangle on August 25 and proceeded to triple in value.

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