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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Why Nio and Other Chinese EV Stocks Got Crushed Today

Howard Smith, The Motley Fool
·3 min read
Why Nio and Other Chinese EV Stocks Got Crushed Today

On a day when the Nasdaq index is down more than 2%, it shouldn't be surprising that aggressive growth names in the EV sector are leading the way. In addition to market sentiment going against high-growth, speculative companies such as these, Chinese stocks in general are in the crosshairs today. Despite the recent macro factors impacting the share prices of Nio, XPeng, and Li Auto, each company reported strong growth in its latest delivery update.

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