NIO Inc (NYSE:NIO), China’s answer to Tesla (NASDAQ:TSLA), is fighting to stay afloat as NIO stock tumbled over 10% today ahead of its quarterly earnings report tomorrow.
NIO Stock Taking Big Hits in 2019The Shanghai-based automotive manufacturer is set to report losses of $369 million USD during the second quarter, a rate of nearly $4 million USD per day. Since the company was founded by William Li in 2014, it has lost about $5.7 billion USD. To put the scale of these losses into context, it took Tesla 15 years to record over $5 billion ...
Read The Full Article On StreetSignals.com
Get the latest stock market news on StreetSignals. Follow public companies and get free stock research reports and stock market analysis data and stock tips.
All content provided by StreetSignals is subject to our Terms Of Use and Disclaimer.