3 Reasons I Just Bought NIO Stock
As a believer in the vast potential for investors in the electric vehicle (EV) sector, I've watched, and even participated in, some of the frenzy over the last year. These investments are in the speculative section of my portfolio -- meaning some could go to zero. And some, like NIO (NYSE: NIO), were just too rich for my blood as they spiked beyond reasonable valuations.
But as NIO's business continued to grow on several levels, what was once a stock with a market capitalization approaching $100 billion, has dropped more than 40%. That doesn't make it cheap, but it makes it a reasonable time to think about these three reasons I recently bought in.
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Source Fool.com
