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Barchart

Aditya Raghunath

Down 22% YTD, is Now a Good Time to Scoop up Shares of NIO?

NIO Time China Tesla Inc.

Shares of China-based electric vehicle (EV) manufacturer NIO (NIO) are down 22% year to date, trailing the broader markets by a wide margin. The company went public on the NYSE at a price of $6.26 per share in September 2018. NIO stock then touched a record high of $62 in January 2021 and is currently down 88% from all-time high prices.

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