NIO's stock price has been obliterated, dropping by a staggering 85% from its ATH in 2021.
Ironically, while the bulls were out in force when the stock was trading in the stratosphere, many investors are screaming sell now.
NIO is a unique company with excellent growth prospects and significant profitability potential.
Moreover, at around 1.2 times forward sales estimates NIO's stock is dirt cheap now.
As uncertainties fade, sentiment should improve, and NIO's stock will likely move much higher in the coming years.
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