By Brian M. Reiser Nio, Inc. (NYSE: NIO) is a Chinese holding company. It specializes in the design, manufacture, and the sale of electric vehicles (EVs). Therefore, investors may see Nio stock as a good alternative play to Tesla. Of course, Tesla is the famed EV manufacturer headed by the controversial mogul Elon Musk.
Investment U expert and Manward Press founder Andy Snyder calls Nio “The Tesla of China.” But Tesla will cost you over a whopping $800 for one share. On the other hand, Nio is a penny stock. And it sells for approximately a mere $3 on the New York Stock …read more
