NIO stock is up big after releasing a positive q3 2019 report. Vehicle deliveries are way up on their core product, the ES6.
Known as the “Tesla of China”, Nio is the largest premium EV company in China and should benefit from the transition from gasoline to electric vehicles. Is NIO stock a good buy? Should you buy NIO stock for the long term?
The stock is still down over 50% from its 52 week high so shares are still a bit on sale. In the long run, I think NIO has a lot of room to grow since the market cap is still under $3 billion dollars.