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Stock Market Today, Feb. 2: Nio Falls After January Deliveries Raise Concerns About Chinese EV Demand [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
data showed strong year-over-year growth but revived concerns about Chinese EV demand and sustainability of recent momentum that investors are watching closely. Trading volume reached 66 million shares, coming in about 40% above its three-month average of 47 million shares. Nio IPO'd in 2018 and has fallen 25% since going public The S&P 500 (SNPINDEX:^GSPC) added 0.54% to finish Monday at 6,976, while the Nasdaq Composite (NASDAQINDEX:^IXIC) rose 0.56% to close at 23,592. Within the automotive space, peers Tesla (NASDAQ:TSLA) closed at $421.81 (-2.00%) and Rivian Automotive (NASDAQ:RIVN) finished at $14.44 (-2.10%) as investors reassessed electric-vehicle demand. Before the market opened on Monday, Nio reported its January delivery numbers. With 27,182 vehicles delivered during the month, Nio posted year-over-year growth of 96%. However, it is the sequential comparison that sent the stock sinking during the trading day. That January delivery number represented a 44% decline from
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