Is NIO Stock Still a Buy in 2021?

Electric-vehicle (EV) stocks were some of the biggest winners of 2020. And even if people are starting to question the valuations these companies have achieved from investor exuberance, they keep marching higher. 

Tesla (NASDAQ: TSLA) has garnered much of the publicity, so it might surprise you that shares of Chinese EV maker NIO (NYSE: NIO) have significantly outperformed those of Tesla over the past year. That makes it worthwhile to investigate whether NIO is still a buy for 2021. 

NIO ET7 luxury sedan. Image source: NIO.

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Source Fool.com