Should You Buy Nio While It's Below Its IPO Price?

The Chinese EV maker is gradually turning things around.Nio (NIO 3.00%), a leading maker of electric vehicles in China, went public at $6.26 per ADR on Sept. 12, 2018. On Feb. 9, 2021, its stock closed at a record high of$62.84. Its shares surged more than 10-fold as it dazzled investors with its explosive growth rates.But today, Nio's stock trades at about $4. It tumbled as investors fretted over its slowing deliveries, declining vehicle margins, persistent losses, and the rising tariffs on Chinese EVs. S ...