Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
The new sharewise is here Clearer, faster, with a light and a dark view — and everything you already know. Try it now
Du musst dich anmelden oder registrieren, bevor du fortfahren kannst.
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Should You Buy Nio While It's Below $7?

TheMotleyFool 
0 0 12.11.25
Should You Buy Nio While It's Below $7?Photo, wide shot, wide-angle lens, Automotive service center, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/c8dbaa5e-abdb-40ac-b919-ed80785b056a.png
 

After briefly surging to a high of $7.89 per share in October, the stock of Chinese electric vehicle (EV) manufacturer Nio (NYSE: NIO) has dropped 13% and is now back below the $7 mark.

Once-bitten, twice-shy investors might look at Nio's 2021 share price of $62.84 and see nothing but another failed EV stock. However, Nio has been quietly ramping up manufacturing, introducing popular new designs, and expanding its global footprint, to the point that shares have now more than doubled from their recent five-year lows.

Can Nio reclaim some of its former glory (and, better yet, its former market cap), or should investors still be steering clear?

Continue reading


Source Fool.com

NIO Inc. Stock

€3.94
-1.990%
A loss of -1.990% shows a downward development for NIO Inc..

Show more
Like: 0
NIO
Share

Comments

Not a member yet? Sign up for free!