nio
Nio (NYSE: NIO) stock price has crashed hard after peaking at almost $67 in 2021. It has plunged by over 51% this year, bringing its valuation to over $8.6 billion. Also, the stock has melted by more than 55% in the past 12 months. The EV industry woesNio’s downfall has happened in sync with other EV companies, which have pulled back sharply in the past few years. Tesla, the best-known EV brand in the world, has also dropped by over 50% from its all-time high. Other American EV companies like Lucid Group and Rivian have tumbled while Fisker filed bankruptcy in May. Nio’s stock crash has also c...
Invezz
Nio (NYSE: NIO) stock price has come under intense pressure this month even after the company published encouraging financial results and May delivery numbers. It sunk to a low of $4.30, its lowest point since April 26th. A bargain or a value trap?Nio, like other Chinese EV companies, has struggled hard in the past few years as concerns about the industry remained. Its stock has tumbled by more than 93% from its all-time high while its market cap has crashed from over $84 billion to the current $8.9 billion. Nio is facing numerous internal and external factors. Internally, there are signs that...
Invezz
Nio (NYSE: NIO) stock price has crashed hard this year as the electric vehicle industry has become a toxic wasteland. It has tumbled by over 41.2% this year and by over 92% from its highest level in 2021. Other Chinese EV companies like Li Auto and XPeng have also tumbled. Nio faces many challenges aheadNio’s stock price has crashed hard in the past few years as the industry has faced numerous challenges. The biggest issue, in my view, is that the EV industry is highly saturated with over 100 companies seeking to gain share. As a result, most firms, including Nio, have been forced to slash veh...
Invezz
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