Is NIO stock a buy now?

Nio (NYSE: NIO), the Chinese electric vehicle (EV) manufacturer, has experienced a rollercoaster journey since its IPO in 2018.While the stock soared to a record high of $62.84 during the 2021 meme stock rally, it now trades significantly below its IPO price of$6.26.The decline reflects a host of challenges, including production inefficiencies, rising competition, and geopolitical headwinds. As Nio gears up to report its Q3 2024 earnings on November 20, investors are wondering whether the stock offers a pr ...