What's Going on With Nio Stock?

By Parkev Tatevosian, CFA – Sep 1, 2023 at 9:15AM

NYSE: NIO

Nio

Market Cap

$10B

Today's Change

(-1.31%) -$0.07

Current Price

$5.26

Price as of May 16, 2024, 4:00 p.m. ET

The innovative EV company has had a disappointing first half of 2023.

Fool.com contributor Parkev Tatevosian explains why he thinks Nio's (NIO -1.31%) results have not met investor expectations thus far.

*Stock prices used were the afternoon prices of Aug. 29, 2023. The video was published on Aug. 31, 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 his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.