2/ $TSLA is down -6% today, largely on this news. Not surprising, but TSLA bulls aren't flinching from this. NIO ET7 isn't really expected to hit the roads until late next year–enough time for Tesla to refresh S/X & boost pack size, TSLA bulls think. $NIO is up 8.5% today. pic.twitter.com/zHtvbsXnGM

— Taylor Ogan (@TaylorOgan) January 11, 2021

4/ BYD is also benefiting from #NIODay , as investors are excited about NIO ET7 specs, but it is still at least a year out. More investors are discovering BYD & how far ahead it is TODAY. BYD Han in particular already looks similar to NIO ET7... $BYDDF $BYDDY pic.twitter.com/ESrc660roC

— Taylor Ogan (@TaylorOgan) January 11, 2021

6/ Investors are boiling it all down:

BYD is still the only car manufacturer producing its own batteries.

Blade battery is the cheapest & safest battery in the industry.

BYD is profitable, has the most diversified EV line-up, by far, & stock is cheap. https://t.co/uxSlmQGBRv

— Taylor Ogan (@TaylorOgan) January 11, 2021

8/ As for the mystery supplier of $NIO 's new SSB, it will likely be CATL; however, the market didn't know how to handle CATL stock, which closed -3.6% in China, despite high trading volume. https://t.co/hIoslU9iim

— Taylor Ogan (@TaylorOgan) January 11, 2021

10/ NIO also debuted its approach to autonomy (Level 3), which will use 1550nm LiDAR from Innovusion, in which NIO's venture arm invested in 2018. @luminartech 's Iris LiDAR has comparable specs, but similar to how $QS is reacting to #NIODay , $LAZR is down -5.5% today. pic.twitter.com/e4ArtMkcrc

— Taylor Ogan (@TaylorOgan) January 11, 2021

TL;DR $NIO ET7: Ready for tomorrow, not today. The market is confused, as usual. pic.twitter.com/rbvTblNwV8

— Taylor Ogan (@TaylorOgan) January 11, 2021