Nio stock surges as it tries to catch up with Tesla
Nio stock has now surged more than 1,000%, rivaling Tesla in more places than just the electric vehicle competition. The Chinese EV maker now has a greater market value than General Motors.Q3 2020 hedge fund letters, conferences and moreNio riding highAccording to Bloomberg, one year ago, Nio's sales were weak, and its cash were dwindling, placing it on the "brink of doom." However, the company is now a strong participant in the race to pick the big winners in the EV race, putting it on a footing with Tesla.The EV market in China is expected to grow quickly in the coming years, and investors h...