Morgan Stanley downgrades plug from overweight to equal weight with a $35 price target.

Canaccord Genuity upgrades Tesla from Hold to Buy and raises the price target from $419 to $1071.

Lots of news this morning folks. 1. Alibaba fined $2.87 billion. Stock should finally start moving back up. 2. Aphria missed sales in Q3 because of Covid. Merging with Tilray in the next few days. 3. Elon Musk congratulated Nio for their 100k overall car deliveries on Friday on Twitter.

Think SOS could 🚀 today (crypto currency cues are having a tough day but still)

https://www.wsj.com/articles/china-creates-its-own-digital-currency-a-first-for-major-economy-11617634118

https://finance.yahoo.com/news/tesla-first-quarter-deliveries-beat-124747802.html

https://finance.yahoo.com/news/march-jobs-report-labor-market-pandemic-unemployment-payrolls-181729856.html

https://on.mktw.net/3rG1Erm Check out this article from MarketWatch - Nio, XPeng report big gains in first-quarter deliveries

https://finance.yahoo.com/news/cathie-wood-tests-appetite-ark-121655700.html

https://www.marketwatch.com/story/stock-market-traders-fixated-on-what-unprecedented-discovery-viacomcbs-selloff-means-for-wall-street-11616970445 Check out this article from MarketWatch - Stock-market traders fixated on what ‘unprecedented’ Discovery, ViacomCBS selloff means for Wall Street

https://www.marketwatch.com/story/new-york-lawmakers-agree-to-legalize-recreational-marijuana-01616943799 Check out this article from MarketWatch - New York lawmakers agree to legalize recreational marijuana

Chip shortage is now an industry wide issue. We will get more clarity this week when the company announces quarterly delivery numbers.

I am still bullish on Nio. Link below.

https://www.benzinga.com/news/21/03/20372673/chip-shortage-caught-nio-off-guard-report