Nio Slashes Q1 Delivery Targets as China EV Growth Slows, Stock Down 50%
- Nio cut its Q1 delivery estimates from 33,000 down to 30,000 vehicles
- Nio shares are down 50% so far in 2022
- EV growth is slowing in China, Nio's main market, with monthly sales dropping since last July
- Investors debate if slowing EV growth is temporary or signals reduced long-term adoption
- Motley Fool analysts did not include Nio among the 10 best stocks to buy now
