NIO Soars 7% on Blowout May Deliveries Up 62%, Tesla Sinks 3% as China EV Battle Intensifies
Shares of Nio (NYSE:NIO) are up 7% in midday trading Monday, changing hands near $6 after the Chinese EV maker posted blowout May delivery numbers. The bounce extends a recovery year for Nio stock, which is up 69% over the past 12 months. Tesla (NASDAQ:TSLA) is moving the other direction, with Te...