NIO Inc. (NIO) is a leading Chinese EV company that keeps growing at a rapid pace, and has managed to create a strong brand that is sought after in its home market. At the same time, NIO looks inexpensive relative to how Tesla (TSLA) is valued, although it should be noted that NIO is not profitable yet. Also, its shares are expensive relative to how most legacy auto companies are valued, which is why I am neutral on the stock today.
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NIO (NYSE:NIO)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more NIO Charts.
NIO (NYSE:NIO)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more NIO Charts.