NIO stock is moving higher in Tuesday’s trading after Nio Inc ADR (NYSE:NIO) posted a narrower-than-estimated loss for the fiscal first quarter.
Results Top Analysts’ EstimateThe economic slowdown and the trade war have taken a toll on many companies in China, but for electric vehicle manufacturer Nio, the first quarter has not been too big a disappointment. The electric car maker from China is regarded as one of the more important rivals of Tesla Inc (NASDAQ:TSLA), the American company now synonymous with electric vehicles, and its performance in the first quarter allows for optimism from ...
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