What's behind Nio stock's stunning 1-day rally? Is $5 NIO round the corner?

Once heralded as the future of the car industry, the electric vehicle (EV) sector has been overtaken by hybrids in 2024 and has suffered significant damage with dwindling sales and a stock market performance akin to a free fall.Nonetheless, the industry has offered some surprises this year as it offered a sudden Lucid Motors (NASDAQ: LCID)-led rally towards early February and an unexpectedly strong report offered by the very same company in early April.Another interesting fact has been that, throughout the ...