NIO came to my attention a week or 2 back. It is tough for me as I tend to be more of a value investor and Tesla (I know it is not Chinese!), Nio, Li Auto, etc. should all be about 1/10 of what they are currently priuced at, but are being priced as if they will replace GM, Ford and Toyota in  the next 3-5 years. I struggle with their valuations. On the other hand, it is clear that some folks value them off of some crazy growth model that I cannot necessarily comprehend. My fear is to be stuck as the bag holder. I do believe that electric cars are the future, so at most I might take a small position in the market, but would probably hedge amongst 2-4 different companies.

My issue with Tesla: They are selling cars at a loss while growing market share, but there is no indication they will be able to get costs down so how will they turn a profit from selling more? Their profit now is due to credits they sell other car manufacturers, and that cannot last. Seems to be a house of cards. Not sure if Chinese companies are similar or not. Can they get costs down and turn a profit?

Please keep posting as you do DD. I am interested in following more closely.