Is Nio Stock a Buy Now?
Just a few years ago, (NYSE: NIO) was a solid bet to challenge for supremacy in the electric vehicle (EV) market. Both companies had some revolutionary ideas, with Tesla's Supercharger network and Nio's battery swapping technology and lifestyle-driven Nio Houses.
Today, Tesla is getting a huge black eye from CEO Elon Musk's political activities and the distractions that have come with them, and Nio is getting left in the dust by other Chinese EV makers.
I was an early investor in Nio, buying at less than $5 and selling when the stock was in the $40s. Now that Nio's back under that $5 mark, is there a window for investors to capitalize on another run-up, or does Nio have too much ground to make up in the EV race?
Source Fool.com
Tesla Inc Stock
€295.85
0.320%
Our community is currently high on Tesla Inc with 105 Buy predictions and 38 Sell predictions.
With a target price of 410 € there is a positive potential of 38.58% for Tesla Inc compared to the current price of 295.85 €.
