CNBC’s Mad Money host Jim Cramer reiterated his skepticism toward Chinese electric vehicle maker Nio, despite saying the stock could see short-term gains.
Less than two months after advising investors to “stay away” from investing in Nio, Cramer said the stock might rise to $10 — a jump of nearly 43% from its current trading price.
“I don’t know. Nio is a… Look, it probably goes to $10. Then you have to sell it, okay?” Cramer said in response to an investor who mentioned holding a position in the stock.
Here is Jim Cramer’s statement during his Mad Money show.
In early August, when Nio shares traded slightly below $5, Cramer warned investors to avoid the stock, citing weakness in China’s crowded EV market.
“I happen to think that there are better buys, and I think that market is flooded right now,” he said at the time. “Stay away.”
Since then, Nio shares have climbed about 45% and were up 3.1% at $7.01 as of press time.
Over the past 12 months, the stock has risen 36% and gained 62% since the start of the year, rebounding sharply from April’s five-year low of $3.02.
The rally followed a slump earlier in 2025 after its sub-brand Onvo missed sales targets by more than 70%, prompting the departure of the unit’s chief, Alan Ai.
Cramer, who in January 2021 called Nio “the next Tesla” during the height of the EV boom, has turned markedly bearish in recent years.
Nio shares hit an all-time high of $66.99 that same month, valuing the company at more than $100 billion.
Back then, the company founded and led by William Li had just launched the sedan ET7, its first EV model under the second generation platform.
On the same event, the chief executive said the brand would expand to 25 countries and regions by 2025.
In July 2024, when the stock was trading around $4.60, Cramer offered similar caution to a viewer considering selling.
“Nio is one of those stocks where if you sell it right here, some clown will come out and be real positive about it,” he said. “Let’s just wait until all that stuff happens and then you can sell it.”
