NIO Stock Price: Nio Inc retreats as EV investors jump back to Tesla stock

NYSE: NIO fell by 0.96% during Wednesday’s trading session.
EV Stocks fell as investors pile back into Tesla following Musk’s announcement.
Nio’s catalysts should have investors excited for 2022.

Stocks Reporter FXStreet

NYSE: NIO pulled back below the $30 price level on Wednesday as the EV sector was mostly mixed following Tuesday’s bull rally. Shares of NIO fell by 0.96% on Wednesday and closed the trading session at $29.87. All three major indices closed higher once again on Wednesday, led once again by the NASDAQ which posted a 1.18% gain. The NASDAQ’s resiliency this week has led some investors to believe that the recent sell off in growth names may have found a bottom. The Dow Jones added 261 basis points and the S&P 500 also climbed higher by 1.02% giving investors an inkling of hope that the Santa Claus Rally could be here in time for Christmas after all.

Stay up to speed with hot stocks' news!

Electric vehicle stocks had a mixed session on Wednesday, as Nio and electric truck maker Rivian (NASDAQ: RIVN) showed weakness. Nio’s rivals XPeng (NYSE:XPEV) and Li Auto (NASDAQ: LI) did manage to climb higher by 4.55% and 1.43% respectively, while Lucid Group (NASDAQ:LCID) eked out a minimal gain before the closing bell. The big winner on Wednesday was industry leader Tesla (NASDAQ: TSLA) which surged by 7.49% on the news that CEO Elon Musk has completed his sale of 10% of his stake to cover his taxes for the year.

NIO stock news

Nio’s recent NIO Day event was received positively by investors and analysts, but the stock hasn’t quite reflected that this week. The excitement over the new ET5 sedan has been somewhat muted, and further European expansion next year could already have been baked into the stock’s performance. No matter what the stock is doing right now, the catalysts that Nio presented should have investor’s excited for the future.

Like this article? Help us with some feedback by answering this survey:

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to Premium Sign In

Author

Stocks Reporter

FXStreet

EUR/USD rises to near 1.1650 amid dovish Fed expectations

EUR/USD edges higher after registering gains in the previous six successive sessions, trading around 1.1650 during the Asian hours on Monday. The pair appreciates as the US Dollar struggles amid dovish Federal Reserve expectations. Friday’s slower-than-expected US jobs growth suggests the US central bank could hold interest rates steady later this month.

GBP/USD rebounds from three-week low, eyes mid-1.3400s as Fed concerns weigh on USD

The GBP/USD pair attracts some buyers near a technically significant 200-day Simple Moving Average (SMA) and recovers slightly from a nearly three-week low, touched during the Asian session on Monday. Spot prices, for now, seem to have snapped a four-day losing streak and currently trade around the 1.3435 region, up 0.20% for the day.

Gold tests $4,600, then retreats despite geopolitical, Fed woes

Gold retreats from fresh record highs of $4,601 in the Asian session on Monday. Reports that US President Donald Trump is weighing a series of potential military options in Iran fuel the risk of a further escalation of geopolitical tensions will likely keep Gold underpinned despite the latest profit-taking pullback.

Week ahead: US CPI might challenge the geopolitics-boosted Dollar

Geopolitics may try to steal the limelight from US data. A possible US Supreme Court ruling on tariffs could dictate market movements. Dollar strength might be tested if investors refocus on Fed expectations. A crammed data calendar next week, US CPI comes on Tuesday; Fedspeak to intensify. Euro weakness persists, lingering risk of deterioration in US-EU relations.

2026 economic and market outlook

As an aggregate, key economic indicators point towards the global economy growing further in out 2026 Economic and Market outlook. In particular, the G20 countries, which account for roughly 80% of the total global GDP are projected to grow by 2.9% next year.

XRP trades under pressure amid weak retail demand

XRP presses down on the 50-day EMA support as risk-averse sentiment spreads despite a positive start to 2026. XRP faces declining retail demand, as reflected in futures Open Interest, which has fallen to $4.15 billion.