"There's no interest in those electric cars, rebates won't help them, it's a dying company."

My base case scenario for the rest of the year and $NIO+3.7%: Rebates will help boost supply again, which will start to positively impact the company's profits (I'm not counting on profitability yet this year). The target price, in a positive scenario, could be $15 per share by year-end in my opinion, with more experienced investors even mentioning $20, but I'll be a little more down to earth.

Of course this is not an investment recommendation, it is just my own opinion which may not come true.