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home / news releases / NIO - Tesla Lordstown EV stocks slump on Friday

NIO - Tesla Lordstown EV stocks slump on Friday

NIO Inc. American depositary shares each representing one Class A
Problems in his personal life are likely Tesla (NASDAQ:TSLA -8.8%) Technoking Elon Musk's chief concern at present, but his business interests are not faring well either.  A spate of bad news has hit the Texas-based electric vehicle stalwart, including its recent exclusion from the S&P 500's ESG Index, a fall from the top spot in Cathie Wood’s ARK Innovation ETF (ARKK), as well as supply chain problems and slumping sales in China. That is not to mention the CEOs trouble with the terms of his proposed takeover of Twitter (TWTR) and a incendiary allegations about sexual misconduct.  Taken in totality, the cacophony of bad news has caused shares to slide precipitously in recent days, bookended by an over 8% drop on Friday. With shares nearly halved year-to-date, analysts have also reset expectations amidst the evermore unsteady footing for Tesla (TSLA). “We have to reflect a new reality for Tesla in China

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Tesla, Lordstown, EV stocks slump on Friday
Stock Information
Company Name: NIO Inc. American depositary shares each representing one Class A
Stock Symbol: NIO
Market: NYSE
Website: nio.com
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