Nio stock: Avoid in 2024
$NIO Inc(NIO.US$ The article stated 3 reasons to avoid Nio stock:
1) NIO's stock has underperformed against the broader market in recent months.
2) Despite the rise in deliveries, NIO's bottom line continues to suffer.
3) The company is likely to continue to burn cash at an unsustainable rate and dilute its shareholders at the same time.
Related article:
1) Don't be misled by claim that NIO is the next Tesla
2) Despite the rise in deliveries, NIO's bottom line continues to suffer.
3) The company is likely to continue to burn cash at an unsustainable rate and dilute its shareholders at the same time.
Related article:
1) Don't be misled by claim that NIO is the next Tesla
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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