NIO stock is up, maybe coming to America is good?
NIO (NIO) – Get NIO Inc. (China) Report stock has not been trading all that well over the last few months despite strength in other electric vehicle (EV) stocks.
While Tesla (TSLA) – Get Tesla Inc Report is not exactly hitting new 52-week highs, the stock has been holding up pretty well now that it’s back above $1,000.
That’s true even as CEO Elon Musk has continued to dump billions of dollars worth of the stock.
Ford (F) – Get Ford Motor Company Report, General Motors (GM) – Get General Motors Company Report and others have been holding up pretty well too. However, NIO stock is not in the same category.
That’s even as the company reportedly prepares for launch in the U.S. market.
Down about 28% so far this month, NIO stock has been in a world of pain. In fact, just today the stock fell to new 2021 lows and was down about 7% at the session low.
Now down in five of the last six months and bulls are wondering where the bottom is.
Trading NIO Stock
