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Stock Market Today, Dec. 29: Nio Rises on CEO Forecast for Over $4 Billion in Fourth Quarter Vehicle Sales [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Nio IPO'd in 2018 and has fallen 19% since going public. Trading volume reached 68.1 million shares, nearly 28% above its three-month average of 53.4 million shares. Monday's action followed premarket focus on Nio's deeper battery reliance on Contemporary Amperex Technology (OTC:CYAT.Y) and a bullish CEO sales outlook. The S&P 500 (SNPINDEX:^GSPC) slipped 0.33% to 6,907, while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.50% to 23,474. Within the automotive industry, shares of sector rivals Tesla (NASDAQ:TSLA) and Li Auto (NASDAQ:LI) dropped 3.27% and 1.61%, respectively. Nio has expanded its offerings by introducing two new brands, launching the mass-market brand Onvo and a new premium compact brand, Firefly, last year. This strategy to expand market reach has so far been successful. October marked the first time the company delivered over 40,000 vehicles in a single month. This was followed by Nio's second-largest shipment month ever in November. Today's move came after N
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