NIO stock: Is it good for a long-term investment, or should I sell?

A global chip shortage has left the NIO stock prices exposed.

But, NIO has increased its electric vehicle sales, which is a good sign. The company is also spreading its wings to Europe.

Experts say the demand for electric vehicles is on an upward trajectory.

In a nutshell, analysts agree that the NIO stock is a long-term investment.

NIO shares have been climbing in recent sessions, settling above $36 during the May 26 trading day.

The broader financial markets are heavily bullish on the electric vehicle market. The difficulty is trying to distinguish the premier EV companies from the highly speculative firms.

As of late, investors have been optimistic about the manufacturing partnerships NIO has established with other automobile companies, including China's state-owned manufacturer Jianghuai Automobile Group (JAC).

It also helped that the business announced efforts to double output to 20,000 per month.

Overall, NIO has been outperforming some of its chief rivals on the market in recent sessions. The Wall Street consensus for NIO is a "Moderate Buy" with zero "Sell" ratings and a price target of $60.04, suggesting a 76.3% upside.

In terms of expansion, the company is arguably one of the most profitable EVs today. To give you some background, NIO stock has increased by over 1,000% in the last year. The bottom line is that NIO stock is suffering from short-term headwinds. However, if you have a long-time span, the semiconductor shortage is a minor setback. NIO stock remains one of the best EV investments available.