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Will Nio Be a Trillion-Dollar Stock by 2050?
NIONIO(NIO) The Motley Fool·2024-01-23 11:24

Nio (NIO -1.32%) has taken investors on a wild ride since its public debut. The Chinese electric vehicle (EV) maker went public at 6.28perAmericandepositaryshare(ADS)onSept.12,2018,anditssharesralliedtoanall−timehighof6.28 per American depositary share (ADS) on Sept. 12, 2018, and its shares rallied to an all-time high of 62.84 on Feb. 9, 2021. At its peak, Nio's enterprise value reached 91.4billion,or16timesthesalesitwouldgeneratein2021.Butasofthiswriting,Niotradesatabout91.4 billion, or 16 times the sales it would generate in 2021.But as of this writing, Nio trades at about 6 per share with an enterprise value of $12.1 billion -- which is just over 1 times the sales it's ...