NIO stock has fallen to $11.

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NIO stock took a massive hit in 2022.

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Tesla of China'-At the start of 2022, NIO shares were trading above $30. Today, however, they can be had for less than $11.

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Is this a great buying opportunity for me? Or is more NIO stock a risky proposition from here on out? Let's discuss -

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In the third quarter of 2022, NIO delivered a record 31,607 vehicles, up 29% year-on-year.

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Cumulative deliveries were 249,504 compared to 142,036 at the same stage last year as of September 30.

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Now it is worth noting that NIO plans to operate its business in these countries on a corporate leasing and subscription model.

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In light of this growth story, NIO stock may still be a good bet for long-term investors like me.

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