The Chinese electric vehicle maker Nio (NYSE: NIO) was a favorite among investors at the height of the pandemic. Part of the exuberance for the company came from an overly optimistic view of how fast EV companies will grow. But Nio's stock has fallen 60% over the past year. This huge drop has caused many investors to ask whether or not Nio is a good stock to buy right now.
To answer that question, let's take a closer look at what is going right for Nio right now, and what hurdles the company is facing.
Image source: Nio.
Source Fool.com