$NIO Inc.(NIO)$ dropped 7.6% e

2022-11-22

$NIO Inc.(NIO)$ dropped 7.6% early Monday morning. As of 10:25 a.m. ET, Nio's American depositary shares were still down 5.3%.

Nio provided encouraging estimates for its fourth-quarter vehicle deliveries but China now increase the risk due to the new surge in COVID-19 cases which has already resulted in a five-day lockdown of a large port city.

Nio will again be impacted by the strict policies used to contain those cases.

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Comments

frosti
2022-11-22
frosti
NIO is week away from an all-time delivery record. There are no reasons for longs to lower expectations. I have a hunch that NIO will have the largest MoM and YoY percentage gains over the entire EV sector.
nimbly
2022-11-22
nimbly
NIO should be trading over $38 even in this market.
pixiezz
2022-11-22
pixiezz
NIO will run circles the rest of the EV companies in 2023
Unclebin
2022-11-22
Unclebin
[Strong]
Darren77
2022-11-22
Darren77
Thanks!
Blackrosez
2022-11-22
Blackrosez
ok

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