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Why NIO Stock Is Trading Lower Today

TheMotleyFool

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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

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