Shares of NIO slumped on a weak delivery forecast for Q1'22. However, deliveries are set for a strong rebound in March and beyond. NIO could deliver up to 190 thousand EVs this year as it gets ready to launch new products. Revenue growth and improving vehicle margins attest to NIO's ongoing business momentum. Shares of NIO$NIO Inc.(NIO)$ revalued lower after the Chinese electric vehicle maker submitted its earnings card for the final quarter of FY 2021 at the end of last week. The plunge occurred chiefly due to NIO's Q1'22 delivery forecast which was considered weak. Longer term, however, NIO is going to ramp up production of SUV and sedan models aggressively and the stock has a lot of potential to revalue higher. The 10% drop on Friday is exaggerated
March 28 (Reuters) - Tesla Incwill seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares