- Nio began to deliver its first volume-manufactured vehicle — the ES8 — to customers on June 28, and started to generate revenue this year.
- "An unproven management team along zero experience in manufacturing cars makes this an easy stock to steer clear of," said Mark Tepper, president of Strategic Wealth Partners.
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The Tesla of China is 'an easy stock to steer clear of,' investor says (NIO)
Nio, widely seen as the Tesla of China, is tumbling from its post-initial public offering highs this week. "An unproven management team along zero experience in manufacturing cars makes this an easy stock to steer clear of," said Mark Tepper, president of Strategic Wealth Partners.
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Nio,
"Nio's not a stock we have any interest in," said Mark Tepper, president and CEO of Strategic Wealth Partners, managing over $1 billion in assets. "An unproven management team along zero experience in manufacturing cars makes this an easy stock to steer clear of."
generated revenue of $6.95 million in the first half of 2018, and that it
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with its previous three vehicles, the original Roadster, the Model S sedan, and the Model X SUV,
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