Nio's Perfect Storm: Weak Deliveries, Price Wars, and Analyst Downgrades Spell Disaster

The electric vehicle (EV) market slump continues to overwhelm EV producers worldwide. Nio (NYSE:NIO) stock is one of the up-and-coming China-based EV startups that has been gravely affected by weaker demand in the burgeoning car market. Nio’s share price has fallen nearly 33% on a year-to-date perspective. As the company continues to falter, investors who are still holding the stock should really reconsider their judgement. Below are three reasons why I believe NIO stock is still a strong sell.Deliveries co ...