With rising stock market volatility, investors have a chance to scoop up intriguing value stocks this summer.
News & Analysis: NIO Inc.
Investors have suddenly soured on a company seen as a potential Tesla rival.
The "Tesla of China" trades down roughly 56% year to date -- and roughly 80% from its high.
The Chinese electric-car maker's recent results, a joint venture many are calling a government bailout, and cuts to its international presence have sent investors to the sidelines.
Earnings and other concerns held some stocks back Thursday.
With a 54% sales drop during the first quarter, a growing Tesla presence in China, and a soft second-quarter sales outlook, some investors are pressing the sell button.
NIO earnings call for the period ending March 31, 2019.
These high-growth Chinese stocks are trading for just a few bucks a share today, but they have multibagger potential.
China's upstart Tesla rival was hit by a double whammy last month.
That country's 50% subsidy reduction for pure-battery EVs is a near-term speed bump that should pay off long term for innovative automakers and their shareholders.