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Why Nio Stock Is Crashing Ahead of 2023

Summary by Ground News
Nio (NIO -8.77%) stock crashed on the last trading Tuesday of 2022, slumping nearly 7.9% as of 10 a.m. ET. The electric-vehicle (EV) maker launched two new models at the 2022 Nio Day event held this past weekend. CEO William Li confirmed the company will launch more EVs and products in 2023. This comes less than a month after the EV maker hit record monthly deliveries.

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The Motley Fool broke the news in Alexandria, United States on Tuesday, December 27, 2022.
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