$NIO Inc.(NIO)$ The only scam here is the short side. What exactly makes NIO a scam? The battery swap network? The chips that are set to show up in a number of other Chinese brands soon? The world model or NOMI? Maybe the real scam is something else entirely. 123456789 battery swaps says that part works. 1.2 million vehicles sold, so the cars clearly aren't the issue either.
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Comments
No scam since shortselling is legal but manipulation is a crime.
AI response
Yes, stock manipulation is a serious crime.
In the United States, it is a felony heavily regulated and prosecuted by the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) under laws like the Securities Exchange Act of 1934.
In Singapore, market manipulation is strictly prohibited under Section 197 of the Securities and Futures Act (SFA), carrying severe penalties including heavy fines and imprisonment.
GIC is running a big loss investing in NIO.
Many true longs are also suffering from huge losses.
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