NIO Stock Price and Forecast: Extends collapse as Chinese EV makers drop, NKLA buy opportunity eyed
NYSE:NIO drops by 10.23% as the electric vehicle industry continues to get battered.
NIO receives a bullish outlook from Goldman Sachs, despite the two-day correction.
NIO sets a new monthly record for vehicle deliveries in November.Update: Nio Inc - ADR (NYSE: NIO) has kicked off Wednesday's trading with a substantial decline of around 9% to just above $41 at the time of writing. While shares of the Shanghai-based electric vehicle maker is still trading high in the past month, it has completed a decline of over $15 or nearly 30% from the highs since mid-November. Nevertheless, NIo equity has been having a spectacular year, up nearly 20-fold from the 52-week low of $2.11.The EV sector has been in focus for various reasons, one being the upcoming inclusion of Elon Musk's T...