NIO Stock: 2 Things to Know as the Short-Squeeze EV Play Makes Bears Cringe Today
What a week it’s been for Chinese electric vehicle (EV) companyNio(NYSE:NIO). Indeed, NIO stock opened the week around $30 per share, promptly sold off to around $27.50 yesterday, and has since risen
NIO Stock Predictions: Why This Analyst Calls Nio an ‘Attractive Buy’ for 2022
Nio stock is in the news Thursday thanks to a recent prediction for how the electric vehicle company will perform in 2022.Deutsche Bank analyst Edison Yu is behind that news today. He called out the current price of NIO stock as a “great entry point setting up for a pivotal 2022,” despite the stock underperforming these last few months.Here’s a portion of Yu’s prediction for NIO stock today, as collected by Seeking Alpha.“Investor sentiment has been lackluster due to lack of new vehicles and su
Tesla deliveries more than doubled year over year in Q2.Rising demand for electric vehicles could benefit Tesla.Investors should exercise caution when it comes to analysts' price targets.It's been a wild year for Teslastock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the S&P 500's 18% gain this year.In February,Piper Sandler analys