Nio (NYSE:NIO) stock has witnessed some wild moves since listing in September 2018. It was during the meme euphoria of 2021 that the stock touched highs of $62. There has been a sustained correction from those levels and Nio stock trades at$4.30 after a drop of 60% in the last 12 months.I believe Nio stock will continue to destroy investor wealth in the coming years. With relatively better investment options among electric vehicle stocks, it’s best to steer clear of Nio. This column focuses on the factors ...