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Nio’s stock tanks toward a record-tying loss streak as Tesla price cuts weigh

Por: MarketWatch Politics January 17, 2024

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Read more: Tesla generated 21.5% of its total third-quarter revenue from China, compared with 23% of its second-quarter revenue, 21% of its first-quarter revenue and 22.3% of its 2023 revenue. Nio’s U.S.-listed stock sank 2.6% in morning trading, as it headed for its lowest close since June 12, 2020. It has tumbled 25.1% amid a nine-day losing streak, putting it in danger of tying the current record loss streak of nine sessions that ended... + full article



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