While NIO unveils the first offering under its new low-cost Onvo brand, its peer XPEV makes headlines with its plans to deliver its first flying car in 2026.
NIO Inc. (NIO) closed the most recent trading day at $5.26, moving -1.31% from the previous trading session.
US equities (^GSPC, ^DJI, ^IXIC) posted gains as investors cheered the Consumer Price Index (CPI) reading for April. Tech powerhouse Nvidia (NVDA) also rose as Keybanc noted there was little potential for a slowdown in demand for their products. Financial Analyst Kevin Paffrath joined the show to discuss Tesla (TSLA) voicing his concerns over the future of the company and claimed it has a "massive cash problem." For more expert insight and the latest market action, click here