NIO Stock Price and News: Shares trade flat ahead of the Model S Plaid unveil by Tesla
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UNLOCK OFFER- NYSE:NIO edged higher on Thursday, adding 0.05% amidst a volatile day for the broader markets.
- Nio rival Tesla is set to showcase its new Model S Plaid edition on Thursday night.
- Chinese ride-hailing mega company Didi files for an IPO, which could give domestic EV brands more competition.
NYSE:NIO has another trading day where it remains inside its range as the consolidation period continues despite signs of a bullish breakout earlier in the week. On Thursday, shares of Nio gained only 0.05%, to close at $42.76, despite spending most of the trading session in the red. Nio once again saw resistance as it approached the $44 price level, although higher volume coming in may be able to push the stock through for its long awaited breakout.
Stay up to speed with hot stocks' news!
In electric vehicle news, industry leader Tesla (NASDAQ:TSLA) is set to unveil its premium Model S Plaid edition on Thursday night after the markets close. Tesla CEO Elon Musk recently announced out of the blue that the super premium Model S Plaid+ edition had been scrapped, but that the normal Plaid edition was just as good. The new premium version of the flagship Model S will feature an acceleration of zero to 60 miles per hour in 1.99 seconds, as well as an improved range of 390 miles or roughly 627 km on a single charge.
Is NIO a good stock to buy?
Chinese ride-hailing giant Didi, officially filed for its IPO and this could be one of the biggest debuts ever on the public markets. Didi already reported a profit on $6.4 billion USD last quarter, and could seek a valuation of nearly $100 billion USD. Didi is well known for designing and developing its own ride-hailing electric vehicle, which could potentially eat into the domestic EV brands’ market share at some point in the future.
- NYSE:NIO edged higher on Thursday, adding 0.05% amidst a volatile day for the broader markets.
- Nio rival Tesla is set to showcase its new Model S Plaid edition on Thursday night.
- Chinese ride-hailing mega company Didi files for an IPO, which could give domestic EV brands more competition.
NYSE:NIO has another trading day where it remains inside its range as the consolidation period continues despite signs of a bullish breakout earlier in the week. On Thursday, shares of Nio gained only 0.05%, to close at $42.76, despite spending most of the trading session in the red. Nio once again saw resistance as it approached the $44 price level, although higher volume coming in may be able to push the stock through for its long awaited breakout.
Stay up to speed with hot stocks' news!
In electric vehicle news, industry leader Tesla (NASDAQ:TSLA) is set to unveil its premium Model S Plaid edition on Thursday night after the markets close. Tesla CEO Elon Musk recently announced out of the blue that the super premium Model S Plaid+ edition had been scrapped, but that the normal Plaid edition was just as good. The new premium version of the flagship Model S will feature an acceleration of zero to 60 miles per hour in 1.99 seconds, as well as an improved range of 390 miles or roughly 627 km on a single charge.
Is NIO a good stock to buy?
Chinese ride-hailing giant Didi, officially filed for its IPO and this could be one of the biggest debuts ever on the public markets. Didi already reported a profit on $6.4 billion USD last quarter, and could seek a valuation of nearly $100 billion USD. Didi is well known for designing and developing its own ride-hailing electric vehicle, which could potentially eat into the domestic EV brands’ market share at some point in the future.
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