Nio: Ahead Of Earnings, This EV Play Looks Compelling
The big day is approaching quickly. Chinese electric vehicle
manufacturer Nio (NIO) plans to release its unaudited first-quarter
2021 financial results on April 29, after the markets close.
Without a doubt, the conference call will be of great interest to
the trading community. After all, NIO stock is among the most
heavily traded electric vehicle (EV) stocks – not quite rivaling
Tesla (TSLA), but popular nonetheless. The company has come a long
way, to say the least. Just a year ago, there was talk on social
media that Nio’s very existence was imperiled. Today, there’s no
shortage of data to prove the skeptics wrong.