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EV MARKET CRASH and NIO Stock Price Prediction - Best Stocks To Buy Now
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This is the NIO stock price prediction and the EV market prediction based on the latest events that are happening. I strongly see the NIO stock price prediction going up to the $90-100 levels by the end of 2021 based on the continued growth in China concerning their EV industry and where they want to see it. We know that China wants to have 20% of all new vehicles being sold as EV cars. I have read expectations that NIO could possibly control 30% of the market share in the tier of cares they are producing. This does very well for the NIO stock price prediction that I have for them.
As for the overall EV market price prediction, as NIO goes, I expect that the other EV companies will follow. I do see XPEV as a close follower of NIO as the years go forward. I will be sticking to these 3 EV companies for the time being. I see the NIO stock and the Tesla stock as ones that will be in my portfolio for the long term. I am comfortable holding them and see no reason to jump ship and sell them off. They are going to be market leaders as the market starts to expand.
Is there going to be a stock market crash or no? I say that the stock market in general should be just fine with the future stimulus that you will see offered by the government. At this point, I see no stock market crash. We are seeing a major correction in the EV market and one that allows some additional consideration when it comes to buying more stock in that industry. I think you can do very well with these prices on the NIO stock price and the Tesla stock price as they continue to drop and we hold them for the long term. Tesla has not given us that opportunity and nor do I think it will throughout December, but you never know.
When it comes to the best stocks to buy now or the best growth stocks to buy now with these EV stocks, I think that NIO and SBE are two fantastic holds for the long term as the industry continues to grow. I see the stocks doing fantastic compared to the normal market returns. Is NIO a good stock to buy or no? I see the NIO news lately as good and solid for the long term. We can see that NIO stock has done very well since the early start to fall. I see them continuing on as they make their factories more productive. The NIO earnings have been fantastic as well. They have continued to amaze with their increases in revenue and production.
We did see the Tesla stock price prediction being very volatile and one that should be taken with care. The Tesla stock price has risen drastically over the last few weeks and it could easily shed 10-20% in a matter of days. It is one that will be considered as we move into 2021.
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