A move above that technically puts the two-times range extension in play at $26.41. All rights reserved. Add to it the firm’s ability to raise capital and Nio stock has gotten much more attractive. That was far better than last year’s Q2 result of -33.4% and -24.1%, respectively. The fundraising effort buttresses Tesla's balance sheet as it prepares to … That alone raised about $1.5 billion. , Tesla stock has begun to waver. 30-Jun-2019 30-Sep-2019 31-Dec-2019 31-Mar-2020 30-Jun-2020 … It very well may. Tesla's balance sheet is a lot better, and they have first-mover advantage." That consolidation was done in the form of an ascending triangle. If it falls, will it take Nio stock down with it? That will include its brand new vehicle, the EC6, which was launched in late July and is expected to begin deliveries this month. Making vehicles has a lot of overhead and fixed costs. Article printed from InvestorPlace Media, https://investorplace.com/2020/09/more-to-nio-stock-than-tesla/. Simply put, it’s expensive and difficult to get a new auto company up and running, and then sustain those operations. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. It's not clear what Tesla might do with the funds raised via this offering, aside from bolstering its balance sheet. Now this is where things get a little tricker. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). See you at the top! The instrument sank as low as 79 cents on the dollar in mid-March as Tesla grappled with the coronavirus pandemic and temporarily shut down its new Shanghai facility. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. Tesla's stock sale is an "at-the-market" offering, meaning that the company, via investment banks, will sell its newly issued shares over time at market prices. The leap followed Tesla announcing plans to sell up to $5 billion in stock. Cumulative Growth of a $10,000 Investment in Stock Advisor, Tesla Just Announced a $5 Billion Stock Sale @themotleyfool #stocks $TSLA, Tesla Stock Will Surge 27% to $500, According to This Analyst, Why Tesla Stock Fell Nearly 8% This Morning, Why 3 Electric Vehicle Stocks Collapsed Today, Tesla's "Battery Day" Is a Dud; Stock Tumbles, Copyright, Trademark and Patent Information. ET on Wednesday, up 443% year-to-date. Commerce Policy | Now that Tesla shares are in high demand and the company enjoys sustained profitability, it should "further firm up its growing cash position and slowly get out of its debt situation," Ives wrote. That’s where uptrend support (blue line) and in this case, the 20-day moving average, squeezed shares higher against a static level of resistance. Read more: 'You can make 5, 10, 50X your money': Here's an inside look at the 7-part strategy small-stock expert Ian Cassel is using to unearth the market's most overlooked gems. Returns as of 09/24/2020. The automaker's stock sale is a "smart move at the right time," Wedbush analyst Dan Ives said in a Tuesday note. Nio stock closed at $7.91 on July 1st and by July 10th, the stock had closed at $14.98. At times, that has worked incredibly well for companies like Nio (NASDAQ:NIO), a smaller China-based EV producer. John Rosevear is the senior auto specialist for Fool.com. Read more: A $7 billion fund manager breaks down why the perfect storm is brewing for investors' most-loved stocks as the election nears — and shares 4 trades to capitalize on their downfall. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Source: Sundry Photography / Shutterstock.com, There’s More to Nio Stock Than Which Way Tesla Is Trending, All eyes in the electric vehicle (EV) space are glued on, Tesla has exploded in market capitalization over the past few months. Ten years of annual and quarterly balance sheets for Tesla (TSLA).