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Nio Stock Could Jump to Nearly $100 Per Share


Nio Stock Could Jump to Nearly $100 Per Share
Positive catalysts lifted Nio stock to all-time highs as investors rush to buy anything EV-related, Nio is poised to climb further.
Jan 14, 2021, 2:59 pm EDT
January 14, 2021
NIO (NYSE:
NIO) reached an all-time high on Monday after investors continued to flock to electric-vehicle names. Nio stock benefited from two positive catalysts:
Apple (NASDAQ:
Tesla (NASDAQ:
Source: Andy Feng / Shutterstock.com
The prospects of Tesla’s market capitalization topping $1 trillion despite not earning much of a profit justifies further gains for Nio. The Chinese company trades at a market capitalization that is less than one-eighth that of Tesla ($95 billion compared to $806 billion). ....

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