Nio Stock: Bull vs. Bear
Like many companies in the electric-vehicle (EV) space, Nio (NYSE: NIO) has seen a massive valuation drawdown in the face of industry pressures, macroeconomic challenges, and increased aversion to growth stocks among investors. The Chinese auto company's share price trades down a staggering 86% from the high it reached in February 2021.
Should investors buy this high-risk, high-reward EV stock on the pullback, or is there still too much downside potential even on the heels of its big sell-off? Read on for competing bullish and bearish takes on the stock from two Motley Fool contributors.
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Source Fool.com
