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.