Following its launch at the Saatchi Gallery in London, Nio (NYSE: NIO) attracted investments from prominent companies, including Tencent, Temasek, Sequoia, Lenovo, and TPG. The introduction of its inaugural model, the Nio EP9 sports car, coincided with the establishment of the brand.
In 2018, Nio filed for a significant initial public offering (IPO) on the New York Stock Exchange. Faced with financial challenges in 2020, Nio secured crucial funding, initiated a strategic asset transfer to Nio China, and received support from the government of Hefei.
However, since its IPO, NIO stock has lost -14.95% of its value, prompting investors’ concerns and questions about whether this company and its stock can rebound and trade in the green.
Picks for you
How much would $1,000 invested in NIO be worth now?
2023 has been a rough year for this EV producer, and its stock reflects that, with a loss of -12.56% since the start of 2023.
The previous year has been full of fluctuations for NIO stock, as it traded in the range of $15.46 in August and $7.22 in November, putting its value far from its all-time high of $61.95 that it attained precisely two years ago.
At the time of press, NIO was trading at $8.42, marking a decrease of -7.17% from the previous trading session, adding to the losses of -4.21% over the past 5 trading days.
This means that investors who obtained $1,000 worth of this stock at $9.63 per share unfortunately endured losses of over $100, as their investment is now worth approximately $874.
Buy stocks now with Interactive Brokers – the most advanced investment platform
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
