Don’t Get Steered Into Buying This Auto Stock Anytime Soon
Shares of automaker NIO (NIO) have plummeted more than 70% in price year-to-date amid a widespread market sell-off. While solid EV demand and favorable government regulations remain significant tailwinds for the industry, the company is expected to witness slowing growth in the upcoming quarters amid continued chip shortage, material inflation, stiff competition, and other supply…