Why NIO Stock Is Trading Lower Today
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading lower on Tuesday morning, amid a broad-based sell-off of technology stocks as investors continued to react to news of a potential COVID-19 vaccine.
As of 10:45 a.m. EST, NIO's American depositary shares were down about 10.1% from Monday's closing price.
Before we dive in, it's important to keep this in mind: NIO, like other electric-vehicle stocks, has had a torrid run in 2020.
Source Fool.com
