Should You Buy the Dip in Nio Stock for 2024?

By Parkev Tatevosian, CFA – Dec 19, 2023 at 5:31PM

NYSE: NIO

Nio

Market Cap

$10B

Today's Change

(-1.17%) -$0.06

Current Price

$5.16

Price as of May 21, 2024, 11:17 a.m. ET

All things considered, Nio had an excellent year in 2023.

Fool.com contributor Parkev Tatevosian reviews Nio's (NIO -1.17%) progress in 2023 while answering if the electric vehicle stock is an excellent buy for long-term investors in 2024.

*Stock prices used were the afternoon prices of Dec. 17, 2023. The video was published on Dec. 19, 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.