With so many headwinds facing Nio Inc. (NIO), it’s surprising that shares have managed to stay afloat.Its number of cars sold, while improving significantly in the last reporting period, are still behind expectations at this point of its growth cycle.Reports have also recently stated NIO had secured significant financing to give it breathing room. Not only were the reports wrong, but the amount of financing, if secured, was far below the $1 billion originally stated.Add in concerns over coronavirus, and it remains difficult to see why the company continues to find support for its share price.In this article, we’ll look …read more
Source:: Yahoo Finance
