NIO Stock Analysis: Is the Risky Chinese EV Maker Worth a Speculative Buy?

Nio (NASDAQ:NIO) has had a very bumpy road over the past five years. The company launched its IPO in 2018 at $6.28 and peaked out at$62.84 in 2021. That incredible move led to NIO stock reaching an enterprise value of $91.4 billion, which was about 16 times its 2021 sales at the time.Fast forward a year later, and NIO stock has faced significant headwinds. The stock now trades around$6 per share after Nio reported a net loss of $624.6 million in the previous quarter. This clearly shocked investors, as the ...