NIO Inc. (NIO)
Pre-market:
- Zacks
Here's Why NIO Inc. (NIO) Fell More Than Broader Market
NIO Inc. (NIO) closed the most recent trading day at $5.26, moving -1.31% from the previous trading session.
- Benzinga
What's Going On With EV Maker Nio Stock Thursday?
Nio Inc (NYSE:NIO) stock was trading higher Thursday amid reports that the EV maker is launching its first vehicle under the Onvo brand, marked at a discount versus Tesla Inc (NASDAQ:TSLA). It has reversed the gains since then. Nio’s L60 SUV will be priced around $4,000 less than Tesla’s Model Y. Nio plans to deliver the L60 in September. Nio’s CEO, William Li, mentioned in a CNBC interview that he anticipates Onvo will eventually sell its cars internationally. Also Read: Tesla’s Chinese Rival N
- Yahoo Finance Video
CPI reactions, Nvidia, what's next for Tesla: Market Domination
US equities (^GSPC, ^DJI, ^IXIC) posted gains as investors cheered the Consumer Price Index (CPI) reading for April. Tech powerhouse Nvidia (NVDA) also rose as Keybanc noted there was little potential for a slowdown in demand for their products. Financial Analyst Kevin Paffrath joined the show to discuss Tesla (TSLA) voicing his concerns over the future of the company and claimed it has a "massive cash problem." For more expert insight and the latest market action, click here
