EV Stocks Stall, What About NIO?

Key PointsNIO is a luxury EV maker in China that’s still far from producing a profit.NIO lost $756 million in Q4 2023, a 7.2% YoY decrease.NIO lowered its Q1 2024 revenue guidance but raised delivery guidance by 6.3% YoY to between 31,000 to 33,000 vehicles.5 stocks we like better than NIOElectric vehicle (EV) makers have been seeing their stocks get demolished in the Auto/Tires/Trucks sector. As the hype has retreated and reality set in.  Fisker Inc. NYSE: FSR shares have fallen into penny stock territory ...