NIO vs TSLA – Hear me out via /r/wallstreetbets #stocks #wallstreetbets #investing

Tsla has a market cap of 400 B. Nio has a market cap of 59B

I understand both have fundamentally different models and businesses. However: 1. China is 5x population of US. 2. Nio is backed by the provincial banks and Chinese government.

If people are willing to put a crazy valuation on Tsla- why would it be lesser for Nio. It caters to a bigger local market and has plans of expanding to Europe.