Why Nio Stock Skyrocketed Today @themotleyfool #stocks $NIO $^IXIC $TSLA

Why Nio Stock Skyrocketed Today @themotleyfool #stocks $NIO $^IXIC $TSLA

Nio Shares Soar Over 10% to New 4-Month High

U.S.-listed shares of Shanghai-based electric vehicle maker Nio surged more than 10% to $5.00 in early trading on Tuesday, marking their highest level since March and extending the stock’s one-month rally to over 41%. The gains lifted Nio’s market capitalization above $11 billion and brought year-to-date performance into positive territory, with the stock now up about 13% since January. The Hong Kong-listed shares closed Tuesday up 4.45%, bringi…