-Shares of Chinese electric-vehicle (EV) maker Nio (NYSE:NIO) are about 30% below January 2021 highs. But investors still might think it's too late to buy shares, as the stock is still up 260% from one year ago, and just under 1,000% higher since the start of 2020.
-Though the company is making progress toward profitability, Nio is still recording net losses. With a market cap of over $70 billion, there is already much future success built into the company's share price.
If NIO drops to 28ish then buy as much of what you can afford as possible. I bought it at $3.5 when nobody believed in Nio but I knew one thing, china invested a chunk to keep it afloat and that was the news that send me grabbing shares. show me a company that went out of biz which gov. supported. can't think of any in either country.