Nio shares slide after Q4 delivery rebound forecast and weak guidance
Nio’s U.S.-listed shares fell as the company forecast a Q4 delivery rebound, but near-term guidance disappointment and rising expenses increased Wall Street skepticism.
U.S.-listed shares of Nio, Inc. (NIO) fell on Tuesday after the Chinese EV maker forecast a fourth-quarter (Q4) delivery rebound, while near-term guidance that disappointed and rising expenses renewed Wall Street skepticism. The stock closed 4% lower at $4.06 on Tuesday.