Tesla (TSLA) and Nio (NIO) Stocks Became the Most Popular Stocks among the Retail Investors

by Usman Salis

According to the official data of the trading app Freetrade, shares of the Chinese company Nio became the most popular among users this week, following by Tesla

According to the official data of the trading app Freetrade, shares of the Chinese company Nio became the most popular among users this week. Tesla and Amazon stocks are next in the top three.

Image Source: Twitter @freetrade
Image Source: Twitter @freetrade

Nio’s Rocket Growth

Nio’s top-performing stock has been one of the main beneficiaries of this week’s fast-paced bull rally. For her, shares rose more than 22%, setting a new all-time high and breaking the $40 per share mark.

The company’s shares began their rally on Monday when the size of the electric vehicle shipments in October was revealed. It turned out that the company set a new record by delivering more than 5000 electric vehicles in a month.

Image Source: Google Finance NIO
Image Source: Google Finance NIO

Tesla’s New Gains

Recently, Elon Musk’s company had certain problems, including those related to technical flaws. So, the company announced the recall of 12 thousand cars from China due to technical problems.

Image Source: Google Finance TSLA
Image Source: Google Finance TSLA

Amazon Is Growing Again

The three leaders are closed by shares of the giant Amazon. In a week of bullish rallies, the giant’s stock is up 8%. Regardless, the stock still failed to update the all-time high that was set in early September. The ensuing correction hurt the giant’s stock, which lost nearly 12% of its market capitalization in two weeks.

Image Source: Google Finance AMZN
Image Source: Google Finance AMZN
40 views