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Nio Stock Dropped Wednesday: Is This an Opportunity?

·2 min read
Nio Stock Dropped Wednesday: Is This an Opportunity?
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After kicking off Wednesday on a positive note and popping by 2% in early morning trading, electric vehicle stock Nio (NYSE: NIO) shed all of those gains and then some. At the close of the session, Nio shares were down by 2.9%. Nio's chief rival Tesla (NASDAQ: TSLA) is firing on all cylinders.