Hit the Jackpot With NIO Stock? Don't Let Taxes Get You Down

Charlene Rhinehart, CPA, The Motley Fool
·4 min read
Hit the Jackpot With NIO Stock? Don't Let Taxes Get You Down

While many investors were drooling over Tesla (NASDAQ: TSLA) shares in 2020, NIO (NYSE: NIO) was behind the scenes making tremendous gains that led to mega profits. Shares of the Chinese electric car maker surged over 1,000% this year, continuing its upward momentum as the most recent earnings report beat Wall Street's estimates.