To The Moon

As 'EV mania' keeps fading, and concerns about their fundamentals keep rising, steer clear of these EV stocks to sell.

Many financial traders would immediately identifyTesla as their top new-energy vehicle investment. However, I invite you to consider China-based electric vehicle manufacturer Nio. There’s a compelling setup with NIO stock today as Nio is aggressively churning out its popular line of electric SUVs this year.You may have heard that some institutional investors are taking share positions in Nio. For example, Abu Dhabi-owned Cyvn Investments reportedly holds a whopping 124,833,157 Nio shares.Of course, you don’t have to buy 100 million or more shares of NIO stock to express your bullish outlook. After delving into Nio’s details, though, you may be persuaded to take a small but confident stake in this next-generation EV maker.I will not pretend that all the news associated with Nio is positive. Unfortunately, Nio will have to face a class-action lawsuit in the U.S. over the automaker’s factory-building claims.Nio is staying active with rapid vehicle production and a new smartphone. Some in

According to reports in China, an NIO-Mercedes-Benz partnership could be in the works, although there's no confirmation yet. Mercedes-Benz competes with NIO in similar market segments, which makes a partnership viable. Also, CEO Ola Kaellenius articulated recently that the company will "prioritize the Chinese market in its upcoming wave of electric vehicles starting from 2025." There were suggestions: "Mercedes would use Nio's battery swap network and build next-generation models based on Nio's standards." However, t

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.

Investing is always a gamble and stocks sometimes become a bitter disappointment. Here are some unde