Why Nio Stock Has More Room to Run Even After Today's Jump

Shares of Nio (NIO 5.53%) shot more than 15% higher to start the trading day today. There wasn't any specific announcement from the Chinese electric vehicle (EV) company, but there was good reason for the excitement nonetheless.Nio's American depositary shares didn't hold all of that gain, but were still higher by 5.9% at noon ET on Tuesday.A brighter market environmentNio stock has had a rough start to 2023. Today's jump is one of the only positive market days for it this year; the stock is still lower by ...