NIO's Market Cap Just Passed General Motors: Can It Live Up to Its Valuation?
It's been a November to remember for NIO (NYSE: NIO). The Chinese electric car maker just hit three big milestones in two days. On Nov. 2, its market cap surpassed that of German automaker BMW. The very next day, its market cap not only crossed the $50 billion mark, but also surpassed that of General Motors (NYSE: GM).
That's impressive, to be sure, but is it justified? Here's what investors need to know about NIO's potential and why it could be the next Tesla (NASDAQ: TSLA).
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Source Fool.com
