Should You Buy NIO Stock? What To Consider Ahead of Q1 Earnings
NIO(NIO) ZACKS·2024-06-05 04:00
China’s electric vehicle (EV) maker NIO Inc. (NIO) is set to report its first-quarter 2024 results on June 6 before the opening bell. Investors are contemplating if this could be an opportune time to invest in the stock, given the massive sell-off so far this year. Shares of NIO have plunged more than 41% year to date, significantly underperforming the industry.Image Source: Zacks Investment ResearchThe price drop mirrors the broader EV market challenges, including tepid demand and infrastructural concerns ...