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InvestorPlace: Nio Stock Isn’t Cheap When You Factor in Competition and Recalls

During the past few weeks, Chinese electrical-vehicle manufacturer Nio (NYSE:NIO) has been in the fast lane. Nio stock up about 40% or so to $3.50. Yet the shares are still well off their highs. The stock was more than $10 in late February.

It’s also important to keep in mind that the company is a recent IPO. Yet it certainly hasn’t enjoyed the enthusiasm of many other operators like Zoom Video…