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  "documentTitle": "NIO Inc. (NIO)",
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      "text": "NIO US Equity - Short Interest 60.815M",
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      "text": "Anyone buying NIO stock now is not buying a company or its prospects, rather you are buying 3 letters that move on a screen. The China electric phenomenon is a real movement BUT there are better ways to play it. Consider this – Buffett",
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      "text": "NIO has acted as a great trading proxy for Tesla given the valuations have historically been highly correlated. However, there is now a massive disconnect with NIO trading at the largest premium to TSLA in history at double the valuation.",
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      "text": "Moreover, when Tesla was delivering a quarterly run-rate of 15K vehicles similar to NIO today, TSLA had 45% share of the US EV market while NIO faces significant competition today and has 3% share of the Chinese NEV market.",
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      "text": "While we commend Baillie Gifford (love those people) and early investors, right now we are looking at a share structure and an investor base that is more interested in spinning a casino wheel. — Citron Research",
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