Stocks for several companies associated with electric vehicles (EV) have risen tremendously in recent months. But Chinese EV maker Nio (NYSE: NIO) seems to have missed the rally. In one year, Tesla's (NASDAQ: TSLA) stock has nearly doubled. Similarly, Lucid Group's (NASDAQ: LCID) stock has roughly doubled since its listing in July. Shares of Chinese automaker BYD (OTC: BYDDY) rose 61% in a year.
By comparison, Nio's stock price has fallen roughly 25.5% in a year, although it has risen around 542% overall since its listing in September 2018.
Let's take a closer look at what is hurting Nio stock lately and how it may fare in the long run.
Source Fool.com