Strong feeling to sell all $NIO + put it into $MGA. Had a feeling they would work with $AAPL on the iCar and ARK taking a starter position makes me feel like she knows something we don’t (yet). Increasing pressure on Chinese stocks is becoming a risk no longer worth having.

$MGA also manufacturing vehicles for both $GOEV and $FSR adds to the interest. They will be capturing significant amount of revenue from multiple different EV companies meaning a very well diversified and hence safe revenue flow.

I remain bullish on $NIO but believe the strong growth in revenue and YoY vehicles delivery growth is also priced in nicely. I think there are much better bets around with significantly better fundamentals and risk/reward profiles.