News Snapshot:
2022 has been a tough year for growth stocks and EV (electric vehicle) stocks have particularly looked weak. NIO stock is down almost 34% in 2022 and now trades at a third of its all-time highs that it had hit in the first quarter of 2021. NIO is among the most volatile EV stock. It had tumbled in the first quarter of 2020 and there were fears over its very survival. The company was finding it hard to run its cash-burning operations. However, it soon managed to get investments from strategic investors which helped turn around the sentiments. EV stocks...
