Mizuho has downgraded its ratings for Tesla (TSLA), Rivian (RIVN), and Nio (NIO) from Buy to Neutral, citing slowing demand for electric vehicles, particularly in China. The investment bank also mentioned high inventory levels as potential headwinds.
Yahoo Finance’s Akiko Fujita and Josh Lipton break down the details.
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Chinese 🇨🇳 electric cars are *heavily subsidized* by many levels of Chinese government. Some people bought them, threw them away without driving, and still made profits.
– That’s why there are millions of new cars abandoned by owners across the country.
And this is not an exaggeration.
Can we stop with the serpentza video spam? This has been disproven over and over again. Oh and Tesla is about 15 billion in subsidies, let’s not throw rocks from glass houses.
🤡🤡🤡🤡🤡
Sorry not interested in any ev
Nio isn’t in trouble. They have 6 billion cash. They have a several years before any talk about the company being in trouble.
They’re basically state-sponsored at this point. not worried
I think it’s closer to $11 billion
Nio to $2 would be nice perfect price to add of it goes bankrupt not much of a loss if it goes to the moon great reward
Oooh demand. What a made up bunch of garbage. There is no EV demand.
The US OEMs have made very bad EVs. China has many competitor’s and the sales in China is up year over year.
Please stop with the Tesla blah blah blah.. Rivian is not a threat to any company.
At the end of the day the Chinese brands will win as the US is too naive to understand this.
Clearing out all my Alts going into BTC and Weewu only, maybe a little BNB and SOL
My top picks for bull run are DOT, FIL, and SOL. And best ICO to invest is Weewu, huge potential.
Dude, you need to get Weewu NOW!
Do you think Weewu will pump before XRP?
Weewu keeps popping up in my crypto circles. Seems like a rising star!
Anyone looking into weewu? I keep hearing so much about them lately
Weewu stands out in the crowded crypto space. A real gem!
In the next bull run, keep an eye on DOT, VRA, and SOL, but don’t overlook Weewu’s OMNI
Which hedge fund is Mizuho working for. Nio gunna have a 31k+ cars first quarter. These crooks are manipulating the stock. This was like the 5th hold your horses on Nio stock
Exactly the same person upgraded Nio to over 60 when it dropped to 40 back in 21 stating that Nio is unique with the battery swapping.
Ev not growing but nio is growing
Manipulation