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Nio's profit margins are likely to rebound later this year.
Fool.com contributor and finance professor Parkev Tatevosian elaborates on two catalysts that could lift Nio's (NIO 1.50%) stock price higher in 2023.
*Stock prices used were the afternoon prices of June 16, 2023. The video was published on June 18, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nio. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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