Nio, other EV maker stocks fall as Tesla extends pullback

Shares of Nio Inc. NIO, -4.12% sank 4.6% in midday trading Wednesday, as they pulled a sharp U-turn after reaching an intraday record earlier in the session. The China-based electric vehicle maker's stock was up as much as 4.6% at its intraday high of $21.05, which was above the previous intraday record of $20.97 and record closing price of $20.44, both of which were reached on Aug. 26. The pullback comes amid a selloff in other EV makers, led by industry leader Tesla Inc.

fell dropped 6.8% and Nikola Corp. shed 5.5%. The declines come as the S&P 500 SPX, +0.87% rallied 0.8% toward a second-straight record high.

TSLA is going to have many stock splits in the near future. Just not the way most people would expect it to.

Tesla makes stocks market almost Red

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: AMC Entertainment, At Home, Shoe Carnival & moreTake a look at the stocks making headlines in extended trading. People still can't pay their rent. Don’t forget nio . I know you dislike China but it’s an incredible company . Pls include them in your briefings to those who watch your news feed . NIOGlobal
Source: CNBC - 🏆 12. / 72 Read more »

Here’s what could trigger more stock market pullbacks this year, says Schwab trading proThe big question for investors heading into September: Will this stock market will keep up the momentum? This expert thinks the market may soon deliver on some much-needed corrections. PENN TO THE MOON!! DDTG FTW!! 2-3% is a joke... No way stocks fall 2%. Not for several years.
Source: MarketWatch - 🏆 3. / 97 Read more »