At this price, NIO's market cap is 81 billion dollars, which ranks NIO 7th among all the Automakers in the world..!
Yes, you must be shocked, NIO above BMW, Ford, Honda, Ferrari..!
This will be corrected by time..! I'm 99.99% confident..!
This company has produced 102,803 cars so far! (As of 30th April 2021)
All the bubbles are temporary..!
Typically, a bubble is created by a surge in asset prices that is driven by exuberant market behavior. During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset).