Nio Inc - ADR NIO shares are trading lower by 1.21% to $8.18 Friday morning and are lower by 13.84% for the week. The stock is trading lower on downward momentum and in possible sympathy with Tesla Inc, which this week fell after reporting a profit decline. Weakness in Tesla has weighed on EV-related stocks this week.
See Also: Ford Takes On Tesla In Norway With F-150 Lightning Launch
What Happened With Tesla?
Tesla this week reported revenue of $23.33 billion for the first quarter, up 24% year-over-year. The revenue total came in ahead of a Street estimate of $23.21 billion, according to data from Benzinga Pro.
Total automotive revenue was $19.96 billion in the first quarter, up 18% year-over-year...Read More
F has a 52-week high of $16.68 and a 52-week low of $10.61.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
