|Bid||19.98 x 4000|
|Ask||20.00 x 3000|
|Day's Range||19.07 - 20.07|
|52 Week Range||11.67 - 45.12|
|Beta (5Y Monthly)||1.97|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 10, 2022 - Aug 17, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||36.26|
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Persistent supply issues have deflated expectations for the Chinese automaker
Shares of electric-vehicle (EV) stocks were sinking today after a new report showed that Tesla's (NASDAQ: TSLA) vehicle deliveries in China tumbled 64% in July. Nio (NYSE: NIO) -- which is based in China -- may be reacting negatively to that news, along with new data that showed the company continues to lag behind its rival in China. Additionally, Lucid Group (NASDAQ: LCID) may be losing some ground after Ford announced today that it's raising the price of its F-150 Lightning pickup truck due to rising material costs.
July was a big month for U.S.-based electric vehicle (EV) stocks. While the S&P 500 jumped more than 9%, shares of Rivian Automotive (NASDAQ: RIVN) and Ford (NYSE: F) trounced that with returns of 33.3% and 32%, respectively, according to data provided by S&P Global Market Intelligence. The American depositary shares of Chinese electric automaker Nio (NYSE: NIO) were actually down over 9% for the month.