Nio (NYSE: NIO) stock price is in its third consecutive week in the red as concerns about the EV industry continued. The stock crashed to a low of $6.55 on Tuesday and is now sitting at its lowest level since June 2020. It has fallen sharply from its all-time high of $67, which it reached in January 2021.EV bubble and saturationCopy link to sectionNio and other EV companies are not doing well. Tesla, often seen as the gold standard of the sector, has crashed by over 28% from its highest point in 2023. It ha ...

Andy Feng Instead of an investment thesis Established in 2014, NIO Inc. (NYSE:NIO) is a Chinese company specializing in designing, manufacturing, and selling smart electric vehicles in the premium segment. They also provide power solutions, maintenance services, and financial leasing. After NIO got listed on the US stock exchange in September 2018, the stock price fell like most post-IPO stocks often do. NIO lost almost 80% compared to the offering price (at the lowest point). However, the firm's plans for ...

It’s fair to say that China-based electric vehicle manufacturer Nio (NYSE:NIO) isn’t a darling of the financial markets now. Yet, at least one expert on Wall Street has set a lofty price target for NIO stock. Besides, after viewing Nio’s EV-delivery stats, you’ll wonder why the share price isn’t much higher than it is today.Nio has come a long way since early 2020, when it felt like the world was imploding. Nio’s financial and operational metrics were dismal. Now, Nio’s turnaround is truly impressive, and i ...

Nio (NIO -3.11%) stock has seen some incredible swings since going public. After its initial public offering (IPO) in 2018, the company's stock rocketed to a price of nearly $63 per share. But a combination of macroeconomic and industry-specific factors spurred a dramatic pullback.The company's share price is now down roughly 88% from its high. Despite the electric vehicle (EV) specialist's stock being down massively, the company has been serving up some impressive growth. Is Nio stock a smart buy for 2024 ...

While electric vehicle (EV) sales accelerated considerably higher in 2023 compared to 2022, investor sentiment regarding individual EV companies varied greatly. Slightly outpacing the S&P 500's 24% rise, Rivian (RIVN -3.88%) stock, for one, rebounded last year after plunging 82% in 2022. Nio (NIO -3.11%) and Nikola (NKLA -4.85%), however, didn't enjoy the same success, extending the 69% and 78% slides they suffered in 2022, respectively.According to data provided by S&P Global Market Intelligence, Rivian st ...

With 2023 being an underwhelming year for Nio (NYSE: NIO), full of ups and downs, the beginning of this year is more of the same, as its stock price is down by -17.13% from the start of this month.In 2023, Nio successfully delivered 160,038 vehicles, marking a notable 30.7% surge compared to the previous year while exceeding a 400 threshold of daily deliveries in October. This achievement is particularly noteworthy given the challenging global macroeconomic conditions and the persistent electric vehicle pri ...

Shares in Chinese electric vehicle (EV) maker Nio (NYSE:NIO) briefly fell overnight after the European Commission (EC) said that it would investigate China’s subsidies to the industry.Reuters reported that Geely (OTCMKTS:GELYF), BYD (OTCMKTS:BYDDF) and state-controlled SAIC could be subject to punitive tariffs. The EC is trying to protect European EV makers like Volkswagen (OTCMKTS:VWAGY). Geely already controls Sweden’s Polestar (NASDAQ:PSNY).Nio is not part of the investigation.NIO stock was trading at ab ...

The most recent trading session ended with NIO Inc. (NIO) standing at $7.40, reflecting a -0.13% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a loss of 0.07% for the day.The company's shares have seen a decrease of 0.27% over the last month, not keeping up with the Auto-Tires-Trucks sector's gain of 1.59% and the S&P 500's gain of 3.98%.Analysts and investors alike will be keeping a close eye on the performance of NIO Inc. in its upcoming earnings dis ...

China-based Nio (NYSE:NIO) emerges as a standout value in 2024, despite ongoing losses—a common trend among EV manufacturers. Analysts project profitability by 2026. This will have important implications for NIO stock.As the leading Chinese EV manufacturer, experienced a significant stock boost following a substantial $2.2 billion investment from CYVN Holdings. Market confidence soared, with NIO delivering 18,012 vehicles in December 2023, reflecting a robust 13.9% year-over-year growth, showcasing strength ...

Shares of Chinese electric vehicle (EV) manufacturer Nio (NYSE:NIO) popped higher Thursday early morning before engaging in choppy trading. Earlier, management announced that it entered into strategic partnerships involving battery swaps with multiple enterprises. Fundamentally, the move bodes well for consumer convenience. However, such a directive also carries risks for NIO stock.According to a Seeking Alpha report, Nio’s partnership agreement involves Wenergy Group, Anhui Transportation Holding Group, JA ...