Nio Stock Faces a New Hurdle. Is It a Buy on the Dip?

Nio (NYSE: NIO) stock has been on the move in recent months. Shares of the Chinese electric vehicle (EV) maker have doubled just since July. That's mainly because vehicle deliveries have set new monthly records in August and September.A new overhang may have just hit the stock, though. And it could go much deeper than just a temporary pullback in Nio shares. Singapore's sovereign wealth fund, GIC, has sued Nio for allegedly violating U.S. securities laws by inflating its revenue. Investors are just now digesting the lawsuit filed through U.S. courts in late August.Here are some things for Nio investors now to consider.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool