Wall Street sets Nio stock price for next 12 months

The last sixty-odd weeks have been tough for the electric vehicle (EV) industry and a slowdown in demand – and pivot hybrid models – forced manufacturers to lower prices and saw their shares decline significantly in the stock market. Perhaps the most alarming developments stemming from the trend have been analyst predictions that Tesla (NASDAQ: TSLA) might find its stock crashing to about $23, the fact that Elon Musk’s company sold only one car in South Korea in January, and Lucid (NASDAQ: LCID) losing its ...