3 Reasons Why It's Time to Hit the Brakes on NIO Stock

As the company continues to falter, it’s time to reevaluate any bullish Nio (NYSE:NIO) stock forecast. The Chinese EV market has become very competitive. So much so that it may be hard for Nio to compete in the future.Below are three reasons why I believe NIO is a sell.Nio Stock Forecast: Look at the CompetitionNIO is playing in a hypercompetitive space, and the company will need to grab market share from both smaller competitors like Xpeng and massive ones like BYD, the world’s top EV maker in 2023. In Q4 ...