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Nio (NIO -4.48%) stock tumbled this week, plunging to a 52-week low of $5.86 per share as of this writing. By noon Friday, the electric vehicle (EV) stock had dropped 18% in the week, according to data provided by S&P Global Market Intelligence.Nio is all set to begin deliveries of its 2024 models in March, but that may not be enough to grow its clout in an industry where competition is getting increasingly intense by the day. Worse yet, the EV industry is also slowing down, as evident by the latest data fr ...

Shares of Nio Inc. on Wednesday dove to its lowest prices seen in nearly four years, as investors in the China-based electric-vehicle maker continued to express concerns over price cuts by Tesla Inc. and a weakening economy.The fresh lows for Nio’s stock NIO, -2.75% NIO, -9.63% came after Tesla reportedly cut prices on two models in China, as the Texas-based EV giant faces increasing competition. Tesla followed that move by reportedly cutting prices in Germany.Read more: Tesla is getting beat by China’s BYD ...

Nio (NYSE: NIO) stock price is in its third consecutive week in the red as concerns about the EV industry continued. The stock crashed to a low of $6.55 on Tuesday and is now sitting at its lowest level since June 2020. It has fallen sharply from its all-time high of $67, which it reached in January 2021.EV bubble and saturationCopy link to sectionNio and other EV companies are not doing well. Tesla, often seen as the gold standard of the sector, has crashed by over 28% from its highest point in 2023. It ha ...

Andy Feng Instead of an investment thesis Established in 2014, NIO Inc. (NYSE:NIO) is a Chinese company specializing in designing, manufacturing, and selling smart electric vehicles in the premium segment. They also provide power solutions, maintenance services, and financial leasing. After NIO got listed on the US stock exchange in September 2018, the stock price fell like most post-IPO stocks often do. NIO lost almost 80% compared to the offering price (at the lowest point). However, the firm's plans for ...

It’s fair to say that China-based electric vehicle manufacturer Nio (NYSE:NIO) isn’t a darling of the financial markets now. Yet, at least one expert on Wall Street has set a lofty price target for NIO stock. Besides, after viewing Nio’s EV-delivery stats, you’ll wonder why the share price isn’t much higher than it is today.Nio has come a long way since early 2020, when it felt like the world was imploding. Nio’s financial and operational metrics were dismal. Now, Nio’s turnaround is truly impressive, and i ...

Nio (NIO -3.11%) stock has seen some incredible swings since going public. After its initial public offering (IPO) in 2018, the company's stock rocketed to a price of nearly $63 per share. But a combination of macroeconomic and industry-specific factors spurred a dramatic pullback.The company's share price is now down roughly 88% from its high. Despite the electric vehicle (EV) specialist's stock being down massively, the company has been serving up some impressive growth. Is Nio stock a smart buy for 2024 ...

While electric vehicle (EV) sales accelerated considerably higher in 2023 compared to 2022, investor sentiment regarding individual EV companies varied greatly. Slightly outpacing the S&P 500's 24% rise, Rivian (RIVN -3.88%) stock, for one, rebounded last year after plunging 82% in 2022. Nio (NIO -3.11%) and Nikola (NKLA -4.85%), however, didn't enjoy the same success, extending the 69% and 78% slides they suffered in 2022, respectively.According to data provided by S&P Global Market Intelligence, Rivian st ...

With 2023 being an underwhelming year for Nio (NYSE: NIO), full of ups and downs, the beginning of this year is more of the same, as its stock price is down by -17.13% from the start of this month.In 2023, Nio successfully delivered 160,038 vehicles, marking a notable 30.7% surge compared to the previous year while exceeding a 400 threshold of daily deliveries in October. This achievement is particularly noteworthy given the challenging global macroeconomic conditions and the persistent electric vehicle pri ...

Shares in Chinese electric vehicle (EV) maker Nio (NYSE:NIO) briefly fell overnight after the European Commission (EC) said that it would investigate China’s subsidies to the industry.Reuters reported that Geely (OTCMKTS:GELYF), BYD (OTCMKTS:BYDDF) and state-controlled SAIC could be subject to punitive tariffs. The EC is trying to protect European EV makers like Volkswagen (OTCMKTS:VWAGY). Geely already controls Sweden’s Polestar (NASDAQ:PSNY).Nio is not part of the investigation.NIO stock was trading at ab ...