Business
Why NIO Stock Is Down Today – Motley Fool
This share price decline is about more than the electric vehicle maker’s recent earnings miss.
What happened
Shares of Chinese electric-vehicle maker NIO (NYSE:NIO) were trading lower on Thursday amid a broad market sell-off driven by growing concerns about the potential effects of rising interest rates in the United States.
As of 2:00 p.m. EST, NIO’s American depositary receipts were down by about 8.5% from Wednesday’s closing price, while the S&P 500 index was trading about 2.5% lower.
So what
NIO has already had a tough week, and it’s only Thursday. The company’s fourth-quarter loss of…
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