Nio shares down over 50% in 2024: Is NIO stock doomed?

The electric vehicle (EV) market has undergone a notable correction since the start of 2024. This shift had a major impact on Nio Inc. (NYSE: NIO), one of the leading Chinese EV manufacturers. The company’s stock price has decreased 53.8% during the same time frame. Nio stock price analysisAt the press time, NIO’s current price is $3.74, reflecting a decline of 5.35%  with its closing price on April 15.  Analyzing its recent performance, the stock has experienced a notable downward trend, with a decrease of ...