Wall Street forecasts 90% upside for Nio stock in a year

The stock market hasn’t been kind to electric vehicle (EV) companies of late. Last year saw a significant slowdown in demand and sent several firms’ stocks spiraling, with Lucid (NASDAQ: LCID) perhaps being the most recognized thanks to the dubious honor of getting kicked off the Nasdaq 100 index.This year has, so far, proven to be just as bad as even Tesla (NASDAQ: TSLA), the major EV stock that stood its ground in 2023, entered into a downtrend.Given the overall trend, it doesn’t come as a surprise that t ...