NIO Inc. (NYSE:NIO) has had a difficult 2019 in which it has experienced underwhelming sales as the company continues burning cash. Since the beginning of this year, NIO stock has lost 52%, and since its early March highs, it has dropped 67%.
NIO Stock Continues to SinkPressure has been piling recently on the stock following a short rally in July. Things could get worse, putting the company’s very viability at risk in the short-term. NIO seems to be cheap after the stock pulled back to the current price at $3. The Chinese company should be ...
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