@Mojosniper @mmuldoon @Freemen not sure if you intelligent enough to realize this but if Tesla report sale drop it will also have negative impact on NIO and the rest of EV market. Also, NIO adopt solid state battery, unlike Tesla they didn’t make their own battery, which mean they have to pay higher premium for the upgraded battery which in turn made the new ET7 more expensive ($78,000 USA with battery before tax and subsidy). To keep thing perspective the average annual household income in China is at roughly $10,000 USD.