To The Moon

NIO shares have been staging a big recovery in recent weeks. But are they still worth buying at $10?Ben McPoland assesses the investment case.Image source: Sam Robson, The Motley Fool UKAfter falling for months, NIO shares have mounted a strong recovery lately. In fact, they’ve shot up by around 40% since the end of May.Why are investors suddenly keen on the Chinese electric vehicle company?And is the stock worth buying at $10?

Aggressive infrastructure plans will continue, car sales are picking up, but the 150-kWh battery pack will probably be slightly delayed again. ...

As some recent company-specific developments will fail to have enough of an impact on time to prevent an increasingly-likely late-year price plunge, consider it best to keep avoiding NIO stock.

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