There's a new focus on electric cars and electric car makers like Nio (NIO) these days. That's likely deeply connected to the fact that prices at the gas pump seem less like actual prices and more like a bad practical joke. Despite some recent issues with China and COVID-19 lockdowns that look like April 2020 all over again, there are some that believe Nio is poised for big growth. Morgan Stanley, for example, recently expressed new faith in the company. NIO was up 5.1% in premarket trading on Tuesday and kept the gains going into the day's trading session. Meanwhile, I think Morgan Stanley may be on to something here.
https://www.tipranks.com/news/article/nio-spikes-gets-a-boost-from-morgan-stanley?utm_source=advfn.com&utm_medium=referral
NIO (NYSE:NIO)
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NIO (NYSE:NIO)
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From Sep 2021 to Sep 2022 Click Here for more NIO Charts.