Nio Stock Price Is On Track for Penny-Stock Status

Key PointsNio increased deliveries, but losses were worse than expected, and guidance is weak.Analysts are still bullish on the stock but are trimming their targets.Short-sellers are in the mix and unlikely to relent now that guidance is in.  5 stocks we like better than NIONio Inc. NYSE: NIO stock price has trended steadily lower since the EV bubble burst, and it is on track to set new lows. The latest earnings release reveals the continued dominance of the Chinese EV market at the cost of investor value. ...