The Chinese electric vehicle maker remains a divisive stock.Nio (NIO -1.68%), a leading producer of electric vehicles (EVs) in China, was once a hot growth stock. Its American depositary receipts (ADRs) closed at a record high of $62.84 on Feb. 9, 2021, a 10-bagger gain from its initial public offering (IPO) price of $6.26 on Sept. 12, 2018. At the time, investors were impressed by its explosive growth, expanding vehicle margins, and unique battery swapping technology.But today, Nio's stock trades at less t ...

The Chinese EV maker is gradually turning things around.Nio (NIO 3.00%), a leading maker of electric vehicles in China, went public at $6.26 per ADR on Sept. 12, 2018. On Feb. 9, 2021, its stock closed at a record high of $62.84. Its shares surged more than 10-fold as it dazzled investors with its explosive growth rates.But today, Nio's stock trades at about $4. It tumbled as investors fretted over its slowing deliveries, declining vehicle margins, persistent losses, and the rising tariffs on Chinese EVs. S ...