$NIO(NIO.US) is expensive. Refer to Leapmotor's market cap. When it rises, many people come out to analyze the reasons for the rise. In fact, sometimes the rise is just because the main force has accumulated enough and needs to pull up. Nio is an example, but the fundamentals haven't changed yet. It's still heavily in debt, and there's no hit car model. Currently, the sentiment for Chinese concept stocks is good, so it's just leveraging the momentum to pull up. Be cautious of the risks at this level.
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