|Bid||15.91 x 2200|
|Ask||15.95 x 3200|
|Day's range||15.24 - 16.01|
|52-week range||11.67 - 55.13|
|Beta (5Y monthly)||2.45|
|PE ratio (TTM)||N/A|
|Earnings date||09 Jun 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||39.88|
Yahoo Finance Live anchors discuss China stocks as Didi proceeds to delist from the New York Stock Exchange.
Nio investors are worried that if XPeng is continuing to feel the pinch from strict COVID regulations in China, then Nio will, too. Both Nio and XPeng are based in China, and the Chinese government has a strict "zero-COVID" policy that requires companies, production facilities, and even cities to shut down when coronavirus cases are detected. The policy has wreaked havoc on many areas of the Chinese economy and caused massive vehicle production headaches for Nio, XPeng, Tesla, and other companies making vehicles in the country.
Tesla (NASDAQ: TSLA) is the undisputed EV leader and trailblazer for the entire sector. The stock rose ahead of the company's execution, however, keeping many people from owning it from a valuation perspective. There was always the chance of failure, and even CEO Elon Musk said that his company was within about a month of bankruptcy when it was ramping up its Model 3 mass production in 2017.