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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.
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