Better Buy: NIO vs. Tesla
Few auto stocks have ever excited investors like Tesla (NASDAQ: TSLA). The innovative electric-car maker and its CEO, Elon Musk, have won legions of fans and plenty of customers with groundbreaking -- if not always perfect -- upscale battery-powered vehicles.
Taking a page from Tesla's book, Chinese start-up NIO (NYSE: NIO) emerged last year with a handsome upscale electric SUV and big plans for more. Investors hoping to make money from electric-vehicle sales in China flocked to NIO's shares -- at least for a while.
But for both companies, the stories have shifted in the last year, and not in good ways. Shares of both Tesla and NIO have declined since the beginning of 2019. With concerns about auto sales rising around the world, it's time to ask: Is either of these companies a good buy for new money now?
Source Fool.com
