Business
Nio Stock Needs To Cool Down Until Value Matches Fundamentals – InvestorPlace
Despite short-term headwinds, Nio stock continues its ascent, but there is a sharp contrast in the EV maker’s fundamentals and valuation.
New year, same old overpriced electric vehicle (EV) stocks. After a mammoth 2020, investors were hoping for some relief. Unfortunately, that doesn’t seem likely. Meanwhile Nio (NYSE:NIO
) has seen its stock maintain the positive momentum as well, climbing 30.6% in one month.
Source: Carrie Fereday / Shutterstock.com
That momentum is puzzling since several negative news items are emerging regarding the wider EV space and Chinese EV stocks. But despite the negative news, Chinese EV stocks continue…
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