Fool.com contributor Parkev Tatevosian discusses what the increasing competition means for Nio (NIO 3.50%) and Tesla (TSLA 1.53%) stock investors.
*Stock prices used were the afternoon prices of June 7, 2024. The video was published on June 9, 2024.
Look Out, Tesla, Nio Is Coming for Your Lunch
By Parkev Tatevosian, CFA – Jun 10, 2024 at 9:45AM EST
NYSE: NIO
Nio
Market Cap
$9.8B
Today's Change
(-3.50%) $0.17
Current Price
$4.68
Price as of January 13, 2026 at 4:00 PM ET
Nio is launching a direct competitor to Tesla's Model Y.
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About the Author
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
Stocks Mentioned
Nio
NYSE: NIO
$4.68 (0.04%) $0.17
Tesla
NASDAQ: TSLA
$447.20 (0.00%) $1.76
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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