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Is Nio the new Tesla? Buy or don’t buy?
By A Singaporean Stockmarket Investor (ASSI)  •  May 24, 2022
This is not something you would expect to read here in ASSI. AK is known for investing for income. AK doesn't invest in innovation and tech. AK is boring. Hey, AK put some money in Chinese tech and even Bitcoin recently. OK, ok, it is true that my exposure to Chinese tech and Bitcoin is tiny relative to the size of my portfolio. Oh, the shame! Sadness. Anyway, I have been looking at Nio recently after reading news of its pending secondary listing in Singapore earlier this month. I know a little bit about EVs and their production now. I also know that Nio has a horrible balance sheet. Nio is still burning cash. It looks like a terrible business to invest in. However, that's what Tesla was doing in its infancy, burning cash. Tesla was burning cash and on the verge of bankruptcy when trying to get the Model 3 right. From what I now know, Tesla...
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By A Singaporean Stockmarket Investor (ASSI)
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