Tesla (NASDAQ: TSLA), for example, is up more than 1,000% over the past three years. Here's why three Fools believe NIO (NYSE: NIO), Ford Motor (NYSE: F), and Meritage Homes (NYSE: MTH) look like long-term winners from here. Lou Whiteman (NIO): NIO has long been referred to as "the Tesla of China," and the company shows great promise in following in the footsteps of the EV pioneer.
Global car companies have been struggling with semiconductor shortages due to increased demand in other markets such as smartphones and other consumer electronics amid the COVID pandemic.
In a trading chart that could mirror much of the past year, shares of Chinese electric-vehicle (EV) maker NIO (NYSE: NIO) dropped about 5% early Friday then bounced to a gain of almost 3% before paring that gain as of 3 p.m. EDT.