NIO stock has been recovering over the past one week after plunging in the first half of 2019.
Chinese electric vehicle manufacturer Nio Inc (NYSE:NIO) may have been one of the hottest stocks back in 2018, but it has been a forgettable year for the company in 2019 thus far. As of the close on Wednesday, the company’s shares had plunged by a staggering 65% in 2019 so far, and much of that had to do with NIO’s poor sales figures in Q1 2018.
Poor Earnings GuidanceIn addition to its poor Q1 2018, ...
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