• Nio's 2-day plunge stretches to 24% as electric-vehicle stock momentum slows

    12 days ago - By Business Insider

    Summary List Placement Nio stock slid as much as 18% on Tuesday, extending the electric-vehicle maker's two-day skid to 24%. The company has been swept up in a broader industry sell-off led by larger rival Tesla.
    Shares of both company are being pulled back alongside other technology stocks as investors evaluate rising borrowing costs in the face of rising bond yields. Bond yields have stepped higher as investors price in a potential pickup in inflation on the back of economic recovery from the COVID-19 pandemic.
    "Given their aggressive discounting to present of long-term cash flows...
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  • Nio's 2-day plunge stretches to 24% as electric-vehicle stock momentum slows

    Nio's 2-day plunge stretches to 24% as electric-vehicle stock momentum slows

    12 days ago - By Business Insider

    STR/AFP via Getty Images
    Nio shares fell as much as 18% Tuesday, extending their two-day loss to 24%.
    The company is one of several electric-vehicle makers to see sharp two-day declines.
    Tesla specifically has led a broader sell-off in tech stocks.
    Visit the Business section of Insider for more stories .
    Nio stock slid as much as 18% on Tuesday, extending the electric-vehicle maker's two-day skid to 24%. The company has been swept up in a broader industry sell-off led by larger rival Tesla. Shares of both company are being pulled back alongside other technology stocks as investors evaluate...
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  • Tesla Falls Again As Tech Stocks Plunge, S&P Extends Longest Losing Streak Since Stock Market Crash

    12 days ago - By Forbes

    Tesla is plunging another 5% as the S&P falls for a sixth straight day.
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  • Tesla's extends 2-day plunge to 17% as epic rally takes a breather

    Tesla's extends 2-day plunge to 17% as epic rally takes a breather

    12 days ago - By Business Insider

    Summary List Placement
    Tesla tumbled as much as 9% in early Tuesday trading, extending losses following a similarly sized plunge the session prior.
    The sell-off has dragged shares to their lowest since December and led CEO Elon Musk to relinquish his title as the world's richest person.
    Tesla's latest slump follows confusion over Model Y availability and risk from plummeting bitcoin prices.
    Watch Tesla trade live here .
    Investors continued to dump Tesla in early Tuesday trading, dragging shares to their lowest level since late December.
    The automaker sank as much as 9% before markets...
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  • Tesla's extends 2-day plunge to 17% as epic rally takes a breather

    12 days ago - By Business Insider

    Elon Musk
    Getty Images / Bill Pugliano
    Tesla tumbled as much as 9% in early Tuesday trading, extending losses following a similarly sized plunge the session prior. The sell-off has dragged shares to their lowest since December and led CEO Elon Musk to relinquish his title as the world's richest person. Tesla's latest slump follows confusion over Model Y availability and risk from plummeting bitcoin prices. Watch Tesla trade live here. Investors continued to dump Tesla in early Tuesday trading, dragging shares to their lowest level since late December. The automaker sank as much as 9%...
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