Why Nio Shares Aren't Extending Yesterday's Gains
Nio (NYSE: NIO) shares popped almost 15% yesterday in a bit of a relief rally after nearly a month of steady drops. But the stock of the Chinese EV maker couldn't advance those gains today, with shares down 4.2% as of 12:25 p.m. ET.
Today's reversal comes even as a report from Reuters says the Chinese government may be looking to extend help for Chinese EV makers in the form of buyer subsidies. But investors today may be thinking that more needs to be done.
Image source: Nio.
Source Fool.com
