8 Robinhood Stocks Investors Are Buying in Q2 | Stock Market News

NIO is one of the most popular ways for Robinhood investors to gain exposure to the potentially massive EV market in China. In 2020, NIO reported impressive 108% revenue growth, but it still delivered just 31,430 vehicles for the entire year. Given its market cap of around $60 billion, company shares currently trade at more than 25 times sales – an even higher valuation than Tesla. In 2020, NIO shares rallied more than 1,100%, but they are down 30% year to date. However, Robinhood investors seem to be holding on for the long haul.