"The tariff-driven market volatility has been rough on shares of Chinese electric vehicle (EV) maker Nio Inc. ( NYSE: NIO), which in April fell to a multiyear low of $3.02. Shares rebounded afterward but tumbled again recently. They are now up 15.4% year to date, after a 25.0% retreat in the past month due largely to a mixed third-quarter report that bolstered concern over whether it can reach its goal of quarterly profitability by the end of this year."
"There are some encouraging tailwinds for shareholders, though. The Chinese carmaker's high-performance models, which feature a +600-mile range, have caught the eye of vehicle enthusiasts and investors, while addressing range anxiety issues by creating battery swap technology as a supplement to charging. Nio is a leading electric vehicle manufacturer in China and has been expanding its presence internationally. From a stock performance standpoint, Nio has been a tale of two stories."
Tariff-driven market volatility pushed Nio shares to a multiyear low of $3.02 in April, followed by a rebound and another recent tumble. Shares are up 15.4% year-to-date but fell 25.0% in the past month after a mixed third-quarter report raised doubts about achieving quarterly profitability by year-end. The stock trades about 32.0% higher than six months ago and has outperformed the S&P 500 in that period. About half of 27 analysts recommend buying, with a mean price target of $6.67 and a high target of $9.10. Nio's +600-mile models and battery-swap technology address range anxiety while the company expands internationally.
Read at 24/7 Wall St.
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