NIO (NIO) stock has lost almost half of its value over the past 12 months and remains quite volatile. The business remains loss-making, and its path to profitability isn’t clear, given the company’s fairly unstable trajectory and investment in new business units.

Nio's stock could certainly trade higher with booming delivery and revenue figures, but investors might require more before jumping on board. Investors might need to see the impact of the price war during the first half of 2025, and whether or not Nio can offset some of the margin pressure from a race to the bottom of vehicle price tags.

Nio stock price had another difficult year even as the company made strong progress in terms of market share and its future profitability. It started 2024 trading at $8.64, then plunged to $3.65, and then bounced back and found substantial resistance at $7.