Nio Stock: Buy, Sell, or Hold?

Wall Street's enthusiasm for electric vehicles (EVs) isn't what it was a couple of years ago. Shares of Chinese electric vehicle manufacturer Nio (NIO -7.69%) are down a staggering 90% from the high they reached in early 2021.A growing fear surrounds China's economy, with conditions marked by Chinese consumers reportedly struggling and spending less. But does all that justify Nio's deep stock decline, or is this an opportunity to buy an up-and-coming company at bargain-basement prices?Most recent sales data ...