How Analysts Rate NIO before ES6 Launch Event

In this series so far, we have looked at Tesla’s (TSLA) Chinese peer NIO’s (NIO) recent stock price action before its ES6 car launch event scheduled for December 15. ES6 is important for NIO’s future success, and the company is hoping to rapidly expand its consumer base by getting a large number of orders for the ES6 car model after its launch. Reuters’ recent data suggests that about 36% of analysts covering NIO stock were recommending a “buy” as of December 13.