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Goldman Sachs upgraded Chinese EV maker Nio despite the fact the country's electric vehicle market continues to struggle. Shares are up about 7% this week.
Goldman Sachs upgraded Chinese EV maker Nio despite the fact the country's electric vehicle market continues to struggle. Shares are up about 7% this week.
Nio received about 18.24 million CXMT shares, though the stake is subject to an 18-month lockup.
BYD continues its comeback, after a tough start to the year, according to new data. Other Tesla rivals like XPeng and Xiaomi also had a strong June.
Stocktwits data showed retail sentiment around SPY was ‘bearish’, while QQQ sentiment remained ‘bullish.’
Tesla retail sales in China grew 22% year-over-year in May, ending a two-month decline. Tesla stock rose modestly early Monday after diving last week.
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NIO (NYSE:NIO) shares gained more than 5% in U. S.
Investing.com -- NIO shares rose more than 5% in U.S. premarket trading Thursday after the Chinese electric vehicle maker reported better-than-expected earnings for the first quarter, and provided second-quarter revenue outlook that also trumped estimates.
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