Nio Shares Drop as Weaker Outlook Clouds Push to Be Break-Even
Nio Inc. shares tumbled after the carmaker’s disappointing outlook for the fourth quarter fueled investor concerns about its ability to reach a break-even target as industry competition intensifies.
By Charlie Zhu, Chunying Zhang · Bloomberg Markets
Nio Inc. shares tumbled after the carmaker’s disappointing outlook for the fourth quarter fueled investor concerns about its ability to reach a break-even target as industry competition intensifies.