O ver the last year, Nio, China’s fast-growing luxury electric vehicle maker, has seen its stock decline by almost 20%. In comparison, EV bellwether Tesla stock has roughly doubled, with its market cap crossing the $1 trillion mark. Tesla stock now trades at about 21x projected 2021 revenue, while Nio trades at a more reasonable 11x. Is this justified? How do the two companies compare in terms of delivery growth, revenues, margins, multiples? Our analysis How Does Nio Compare With Tesla? has the details, parts of which are summarized below. Nio’s revenue growth rate has been superior to Tesla, given…