May 13, 2021
Business News

Nio Stock Is a Proper Vehicle to Bet on the EV Revolution

For a while last year it was fun to trade Tesla (NASDAQ:TSLA) stock indirectly using Nio (NYSE:NIO). They often moved in lock-step which made it a cheap way of trading Tesla. Nio is a rising star in the fleet of electric vehicle (EV) manufacturers who are trying to topple internal combustion engines (ICE), the transportation method of choice since the commercialization of cars. Though we’ve had EVs since the 1880’s, they failed to gain popularity until now. Tesla’s mind-boggling ramp on Wall Street…

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