The Tesla of China Reports Huge Losses

Posted on 10/20/2019


Single-industry electric car vehicle makers appear to be money pits – at least in the medium term. NIO, a Chinese rival to Tesla, reported a loss of 3.3 billion RMB for the three months ended June 2019. NIO is an electric automobile maker and trades on the New York Stock Exchange (NYSE). Unfortunately, NIO’s stock […]