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Nio is launching a direct competitor to Tesla's Model Y.
Fool.com contributor Parkev Tatevosian discusses what the increasing competition means for Nio (NIO -3.60%) and Tesla (TSLA -14.11%) stock investors.
*Stock prices used were the afternoon prices of June 7, 2024. The video was published on June 9, 2024.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nio and Tesla. 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.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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