Time to Bail Out of Nio Stock
Nio offersTesla luxury without the production volumes.The company has stiff competition within China, and those competitors are now exporting.Nio will likely remain small, and investors should demand a profit.At this point in the game, investing inNio stock means investing in the Chinese government.If you bought stock in Nio when China was arranging its bailouttwo years ago, your investment is in good shape. In March 2020, shares bottomed out near $3/share. It opened May 9, at about $14.If you g