Article taken from: finance.yahoo.com
After shares topped over $5 a share in January 2020, Nio (NYSE: NIO ) attempted to sell investors on Feb. 14 news it arranged a second financing deal. But with weak delivery numbers in January, is it too risky for investors to speculate on this electric vehicle supplier? […] Consumers are in no mood to buy expensive items like one of Nio’s cars. Fasten Your Seatbelts, Nio Stock’s Wild Ride Continues More Source: THINK A / Shutterstock.com In December, Nio reported a net loss of $352 million. […] Although sales of this model may slump for one or two quarters, it will recover once China has the outbreak under control.
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