Nio stock drops after revenue comes up well short of expectations, and outlook is downbeat
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The U.S.-listed shares of Nio Inc. dropped Friday, after the China-based electric vehicle maker reported first-quarter revenue that missed expectations, amid a decrease in average selling prices, and warned of a big miss in the current quarter.
“In the face of the changing market environment, we will observe and analyze the dynamics of the operating environment and…
This story from marketwatch.com was posted on 2023-06-09 by @sunsetglow.