Previous close | 5.26 |
Open | 5.28 |
Bid | 5.27 x 38800 |
Ask | 5.28 x 38500 |
Day's range | 5.04 - 5.39 |
52-week range | 3.61 - 16.18 |
Volume | |
Avg. volume | 56,675,269 |
Market cap | 11.288B |
Beta (5Y monthly) | 1.91 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
NIO Inc. (NIO) closed the most recent trading day at $5.26, moving -1.31% from the previous trading session.
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
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