Should You Buy NIO Stock While It's Below $5?

Many electric vehicle (EV) stocks have declined sharply from their peaks at the start of the decade. Nio (NYSE: NIO) is no exception. In early 2021, the company hit its all-time high of $63 per share, only to fall to about $4.50 today. That's an eye-watering decline of 93% in just five years as investors shifted away from the EV industry because of challenges like rising competition and trade uncertainty, especially in the U.S. market. As a Chinese company, Nio is largely shielded from the negative affect ...