Tesla Motors Inc

Wedbush has upgraded its price target for Tesla, suggesting that today could be another record day for the stock.

Tesla and NIO stocks have risen sharply this year. Tesla reported a net profit in the second quarter, which makes it eligible for inclusion in the S&P 500.

Tesla will likely release its second-quarter results today after the market close. The company’s results could offer insights into NIO’s outlook.

Goldman Sachs downgraded NIO stock on July 17, leading the stock to fall by 14%. However, the stock recovered quickly. Let’s look at how.

Tesla is set to report its second-quarter earnings tomorrow. The stock has almost quadrupled this year as electric vehicle stocks rally.

NIO’s upcoming second-quarter earnings and the anticipated pre-orders and pricing for the EC6 could be positive triggers in the near term.

NIO stock is on fire. With a 222% rise in the stock year-to-date, investors are getting restless. Votes of confidence from big investors are reassuring.

NIO stock has closed with losses for two days now and is down 21.2% from its high of $16.44 on Monday. Can NIO get out of bear market territory?

NIO stock has fallen almost 10% this week. While the stock is still up 236% for the year, it has fallen almost 18% from its 52-week high of $16.44.

NIO stock has been volatile over the last week, and Tesla has been over the last few days. Here’s what’s behind the tug-of-war between bulls and bears.

NIO (NYSE:NIO) stock has risen by 250% since the beginning of the year. Should investors enter the stock or wait for a better entry point?

Tesla stock rose after Alexander Potter of Piper Sandler raised his target price from $939 to $2,322. Potter reiterated his “overweight” rating.

Tesla is going all out to increase its market share in China. However, to win there, Tesla has to compete with the likes of NIO.

So far, NIO stock has rallied 244% in 2020. However, investors need to watch out for the risk factors after the sharp rise.

EV maker stocks, including NIO (NYSE:NIO), Tesla (NASDAQ:TSLA), and Nikola (NASDAQ:NKLA), have seen a meteoric rise this year.

NIO stock has rallied this year. Another Chinese electric vehicle maker, Li Auto, is now looking to capitalize on the EV frenzy and has announced a US IPO.

NIO and Tesla seem to be defying the overall downtrend in the Chinese NEV market with their rising sales in June. They have been gained ground in China.

Selling NIO stock at these price levels and booking profits after the meteoric rise could make sense. Currently, the rally looks like a bubble.

Recently, NIO (NYSE:NIO) stock has seen a meteoric rise. The stock has risen 229% YTD—245% of the gains came after its first-quarter results on May 28.

While the momentum seems to be pushing stocks like NIO and Tesla to newer highs, investors should be wary. Overall, the valuations look unreasonably high.

As part of the endeavor to raise cash, NIO issued ADS last month at an average price of $5.95. The amount is almost half of the current stock price.

Amid the global pandemic and somber mood elsewhere, 2020 has been incredible for EV stocks. Their gains have beat the benchmark indices.

Tesla stock rose 6.0% in the pre-market trading session at 8:26 AM ET today. The stock rose after three Wall Street analysts upgraded the stock.

NIO stock rose sharply in the first half of 2020. The stock was especially strong in the second quarter. The third quarter has also started on a positive.

Tesla and Elon Musk are frequently involved in online spats with bears who are short on the stock. Jim Chanos and David Einhorn are two short sellers.

Amazon (NASDAQ:AMZN) stock and CEO Jeff Bezos’s wealth continue to surge in 2020. Investors have flocked to the stock this year.

NIO stock has risen 92% this year. While the stock was trading on a negative note in the first quarter, it bounced back sharply in the second quarter.

Today, NIO released its June delivery numbers. The deliveries totaled 10,331 vehicles during the second quarter, which beat its quarterly guidance.

Tesla stock could see another leg up if it gets included in the S&P 500 Index. So far, Tesla stock has risen by 141% YTD.

NIO (NYSE:NIO) launched its third SUV, EC6, at the Shenzhen Auto Show in December 2019. The EC6 is a smart electric coupe-style SUV.

NIO received a significant amount of cash as part of its agreement with strategic investors. Meanwhile, another Tesla internal email leaked.

NIO stock has risen 148% in the second quarter and 72% for the year. Earlier this year, not many investors and analysts were positive about the company.

Since the EV trend has been getting hotter every day, many new stocks have been catching investors’ attention like Workhorse (NASDAQ:WKHS).

Looking at Warren Buffett’s stock portfolio, you will quickly notice technology names like Apple and Amazon. Investors want a piece of these stocks.

To flourish, any business needs to have an edge or a unique proposition. NIO (NYSE:NIO) might have an edge in battery swap technology.

NIO stock fell 5.1% on Wednesday. Futures point to a weak opening today as well. Is the recent weakness a buying opportunity? 

Baillie Gifford, a Scottish fund, has been cashing in on the EV (electric vehicle) trend with its huge bets in Tesla and NIO.

NIO (NYSE:NIO) stock has risen for four consecutive weeks. The stock has netted a return of 94% to its investors in less than a month.

NIO and Tesla stocks have been on a fire this year amid the optimism about electric vehicles. Nikola stock has also rallied amid the frenzy.

NIO (NYSE:NIO) stock has risen sharply in the second quarter. So far, the stock has risen a whopping 164%. On a YTD basis, the stock has risen 82%.

NIO (NYSE:NIO) stock has gained 83% year-to-date. Notably, 92% of the gains have come in since May 28—the day it announced its first-quarter results.

The EV stocks, including TSLA, NIO, and Nikola, have seen tremendous gains this year. Still, there’s record short interest in these stocks.

One of Baillie Gifford’s big bets among EVs is on NIO (NYSE:NIO) stock. Baillie Gifford is also one of the largest Tesla (NASDAQ:TSLA) investors.

On June 17, Cowen analyst Jeffrey Osborne initiated coverage on Nikola stock with an “outperform” rating and a target price of $79.

A whopping 86% of NIO’s YTD gains have come since May 22. Record deliveries, strong guidance, and analysts’ positive sentiment helped the rally.

So far, 2020 hasn’t been a good year for Ford (NYSE:F) stock. The company has been going through a restructuring phase amid the COVID-19 pandemic.

Analysts have a mean consensus target price of $4.92 on NIO stock. Based on Tuesday’s closing price, this would mean a downside of almost 30%.

China’s EV push got another boost. According to Xinhuanet, the country has launched a reward system for car owners to reduce emissions.

Based on the closing prices on June 14, Tesla (NASDAQ:TSLA), NIO (NYSE:NIO), and Nikola have risen 123%, 52%, and 520% in 2020.

On June 12, Tesla (NASDAQ:TSLA) stock lost 3.9% and closed at $935.28 with a market cap of $173.4 billion. A Morgan Stanley analyst downgraded the stock.

Tesla’s stock price has been on a brilliant run lately. Tesla has gained 123% year-to-date. On June 10, the stock close above the $1,000 per share level.

Nikola has been taking aim at the established legacy and EV automakers like Ford (NYSE:F) and Tesla (NASDAQ:TSLA) with its new Badger truck.

NIO (NYSE:NIO) stock’s recent performance has been very impressive. The stock has gained close to 74% in the last eight trading days.

Nikola stock hasn’t been able to catch a break since its NASDAQ debut on June 4. The stock has increased by more than 136%.

NIO announced that it will issue 60 million shares through American Depository Shares. The stock has risen sharply in the second quarter.

Tesla (NASDAQ:TSLA) sold 11,095 Model 3 cars in China in May, as reported by Reuters. The company sold about a third of the cars in April or 3,635 vehicles.

Based on Monday’s closing prices, NIO (NYSE:NIO) stock has risen 115% in the second quarter, while Tesla stock (NASDAQ:TSLA) has risen 81%.

General Motors plans an electric van aimed towards business users. The company plans to introduce at least 20 new electric vehicles by 2023.

The anti-China sentiment has the potential to shift Chinese consumers to domestic products. How will NIO and Tesla get impacted by this shift?

NIO stock has been on a fire in June. So far, the stock has gained over 40%. The company recouped its 2020 loses and is up 39% for the year.

Goldman Sachs upgraded NIO (NYSE:NIO) stock on Tuesday. Notably, NIO received its third upgrade in less than a month. Will more analysts turn around?

After starting manufacturing at its facility in late 2019, Tesla became a fierce competitor for Chinese EV makers, including NIO.

On Thursday, NIO released its first-quarter earnings. The stock lost 8.1% in yesterday’s trade. So far, the stock has fallen in pre-market trading today.

NIO stock has been a wild ride for investors in 2020. The stock has risen 3.7% year-to-date. Notably, 28% of the gains just came in the last two days.

Amazon (NASDAQ:AMZN) is in talks to acquire Zoox—a self-driving startup. Zoox develops hardware and software for self-driving vehicles.

Bank of America upgraded NIO stock and raised its target price on Tuesday. Overall, analysts have been bearish on the stock.

NIO (NYSE:NIO) will likely release its results for the first quarter of 2020 on May 28. So far, NIO stock has seen a lot of volatility in 2020.

Tesla (NASDAQ:TSLA) stock bulls don’t like to see the company in the same league as automakers. Instead, they see Tesla as a technology company.

The strong test drive and booking data after NIO’s live stream could add to its May sales. Investors will likely wait for May data to form an opinion.

On May 14, Jim Simons’ Renaissance Technologies filed its 13F for the first quarter of 2020. The hedge fund reduced its holdings in Tesla.

On May 14, Reuters reported that Tesla plans to introduce a new low-cost and long-life battery in its Model 3 in China later in 2020 or early 2021.