Where Will Nio Be in 5 Years?
In a year, Nio's (NYSE: NIO) stock price has fallen more than 50%. Investors are concerned about Nio's slower growth due mainly to supply chain challenges, as well as the resurgence of COVID-19 cases in China. More importantly, competition in the Chinese EV market is heating up, with big players as well as newer entrants having their eyes on the massive opportunity. Then there is the short seller's report accusing Nio of overstating its revenue.
Can Nio thrive in such a scenario?
If you just look at the fall in Nio's stock price, you get a feeling that something might be terribly wrong with the company. However, if you look at Nio's revenue growth, figuring out why the stock has fallen so dramatically could be a head-scratcher.
Source Fool.com
