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NIO / NIO, Xpeng stocks fall again in wake of Tesla's disappointing earnings report

NIO, Xpeng stocks fall again in wake of Tesla's disappointing earnings report
The U.S.-listed shares of China-based NIO Inc. NIO, -7.18% slid 2.2% toward a 5-week low in premarket trading Thursday, after tumbling 10.5% over the previous two sessions, as a disappointing earnings report from rival electric vehicle maker Tesla Inc. TSLA, -2.02% acted as a drag. After unveiling another round of price cuts Wednesday morning, Tesla indicated after Wednesday's close that it would sacrifice some profit on each car sold to sell more cars, which suggests increased competition for rival EV makers. Read More
Posted: Apr 20 2023, 08:15
Author Name: Market Watch
Views: 092020

NIO News  

Warning: Nothing Is Stopping NIO Stock From Crashing Now

By InvestorPlace
November 3, 2023

Warning: Nothing Is Stopping NIO Stock From Crashing Now

Nio (NYSE: NIO ) has performed poorly over the past few months. Although shares in the China-based EV maker have found support in recent trading days, more_horizontal

NIO Stock: Nio Flirts With Spinning Off Businesses Amidst Sharp Competition

By InvestorPlace
November 3, 2023

NIO Stock: Nio Flirts With Spinning Off Businesses Amidst Sharp Competition

In today's market, Nio (NYSE: NIO ) is among the electric vehicle (EV) stocks in focus for many investors. That's partly due to the company's price ac more_horizontal

NIO at Half-Price: Beyond the Skepticism Lies Skyrocketing Growth

By InvestorPlace
November 3, 2023

NIO at Half-Price: Beyond the Skepticism Lies Skyrocketing Growth

China-based electric vehicle (EV) manufacturer Nio (NYSE: NIO ) can't seem to catch a break on Wall Street lately. NIO stock is far below its peak p more_horizontal

Nio to cut staff by 10% on ‘fierce' competition

By Proactive Investors
November 3, 2023

Nio to cut staff by 10% on ‘fierce' competition

Nio Inc announced on Friday plans to reduce its workforce by 10% amid what the Chinese electric automaker's CEO called "fierce competition."   "The c more_horizontal

Why Is NIO Stock Up Today?

By InvestorPlace
November 3, 2023

Why Is NIO Stock Up Today?

Nio (NYSE: NIO ) stock is rising higher on Friday after the electric vehicle (EV) company announced plans to lay off a significant chunk of its employ more_horizontal

Nio cuts workforce amid fierce competition: can NYSE: NIO hold above 8 USD?

By Invezz
November 3, 2023

Nio cuts workforce amid fierce competition: can NYSE: NIO hold above 8 USD?

Chinese electric vehicle manufacturer Nio Inc (NYSE: NIO) is making significant workforce cuts, citing intense competition in the industry. As of Nove more_horizontal

NIO's Reported Layoffs Complicate the EV Picture

By Barrons
November 3, 2023

NIO's Reported Layoffs Complicate the EV Picture

The Chinese EV maker is about to lay off 10% of its workforce, according to Reuters. It could have implications for Tesla and other EV peers. more_horizontal

Nio Layoffs 2023: What to Know About the Latest NIO Job Cuts

By InvestorPlace
November 3, 2023

Nio Layoffs 2023: What to Know About the Latest NIO Job Cuts

Chinese electric vehicle (EV) company Nio (NYSE: NIO ) said it will lay off 10% of its staff. It is being done, the company said, due to rising compet more_horizontal


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